IDG’s Bio-IT World Announces Best Practices Awards Recognizing Innovative Strategies for Accelerating the Drug Discovery R&D Process

FRAMINGHAM, MA – NOVEMBER 21, 2002 – IDG's Bio-IT World, Inc., publisher of the premiere magazine for technology in the life sciences, Bio-IT World, today announced the launch of its annual "Best Practices Awards Program," which will recognize research and development teams for their innovative uses of life science and information technologies to improve the scientific methodology and economics of the drug discovery process. Winners of this first-of-its-kind awards program will be selected in each of three categories – drug discovery, drug development and clinical trials – for noteworthy efforts in improving the research and development of new therapeutics and diagnostics. Submission details and examples of best practices scenarios are available at www.bio-itworld.com/awards. The deadline for entries is March 31, 2003.

 

It is currently estimated that bringing a new drug to market can cost up to $800 million and take up to 15 years. Many organizations in the bio-IT community are engaged in intense efforts to streamline this process with the ultimate goal of improving human health. Bio-IT World's Best Practices Awards Program will highlight those life sciences organizations that demonstrate innovative utilization of bio-IT, including life science equipment, informatics and information technology, to achieve significantly improved results on a project or organizational level. These results may include improvements in productivity or conceptual breakthroughs in scientific understanding or process methodology that could, for example, hasten the launch of a clinical trial and improve predictability of response, facilitate interactions with the FDA, and speed regulatory approval.

"This awards program was established to recognize those life sciences organizations that have successfully developed best practices, such as creating highly collaborative research environments, to accelerate the drug discovery and development process," said Dr. Kevin Davies, editor in chief, Bio-IT World. "The innovative blending of life sciences disciplines and information technology is critical to bringing new drugs to market as efficiently as possible. Recognition and dissemination of best practices will help foster additional successes across the entire life sciences market."

Eligibility and Judging

Organizations eligible for participating in this program include R&D and scientific facilities and labs in pharmaceutical companies, biotech companies, academia, government, medical or related institutions and organizations, as well as public and private research organizations. Recognition will be given to work that has been done within the last two years. This awards program will involve a distinguished panel of advisors and judges, including industry and academic leaders, who will work with Bio-IT World's senior editors. Finalists will be recognized in the June issue of Bio-IT World, and winners will be honored at a ceremony held in Washington, D.C., on June 23, 2003.

Opportunities for Leading Technology Suppliers

Bio-IT World's Best Practices Awards Program will be sponsored by IBM Life Sciences and other leading technology and/or service suppliers with recognized industry leadership in technology categories such as Information Technology/Computing Infrastructure; Informatics and Software; Life Sciences Equipment; IT Systems Integration/Consulting; and Legal/Professional/Business Services.

According to Inna Kuznetsova, Worldwide Integrated Marketing Communications Manager, IBM Life Sciences, "Information technology is playing an increasingly important role in drug discovery and development. Life sciences research is extremely complex, data intensive and computationally intensive. To improve R&D efficiency, we need to share best practices throughout the industry. IBM Life Sciences is proud to sponsor Bio-IT World's Best Practices Awards Program, which recognizes contributions to knowledge sharing and the adoption of practices that can accelerate the drug discovery process."

A limited number of sponsorships for the Bio-IT World Best Practices Awards program are available. For more information on sponsorship opportunities, contact Alan Bergstein, SVP and publisher, Bio-IT World, at 508-628-4806, or email alan_bergstein@bio-itworld.com

About Bio-IT World, Inc.

A business unit of IDG, Bio-IT World, Inc., publishes information across a variety of media to meet the needs of bio-IT professionals. Coverage focuses on the application of technology products and services to enable the life sciences R&D value chain in pharmaceutical, biotechnology, healthcare, government and academic research organizations. The company's premiere publication, Bio-IT World, and accompanying website, www.bio-itworld.com, deliver the latest news, analysis and information on the technology infrastructure and applications driving innovation in the bio-IT community. Established in September 2001, Bio-IT World, Inc. is headquartered in Framingham, Mass.

About IDG

Bio-IT World is a business unit of IDG, the world's leading technology media, research and event company. IDG publishes more than 300 magazines and newspapers and offers online users the largest network of technology-specific sites around the world through IDG.net (www.idg.net), which comprises more than 330 targeted Web sites in 80 countries. IDG is also a leading producer of 168 computer-related events worldwide, and IDG's research company, IDC, provides global market intelligence and advice through 51 offices in 43 countries. Company information is available at www.idg.com.

 

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