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REM Medical Acquires PsyPharma Tucson to Build Its Clinical Sleep Research Division

Posted on: Thursday, 22 January 2009, 07:00 CST

PHOENIX, Jan. 22 /PRNewswire/ -- REM Medical Corporation, a leader in comprehensive sleep medicine services, has acquired the Tucson, AZ site of PsyPharma Global, a leader in sleep related clinical trials research. Renamed REM Medical Clinical Research, LLC, the new clinical research division is working closely with pharmaceutical companies and their contract research organizations (CRO's) to provide Phase II-IV trial services to evaluate drug compounds across a wide range of psychiatric and sleep indicators including insomnia and sleep apnea.

As part of the acquisition, REM retained an exceptional investigative, clinical and administrative team with a track record of quality trial activity. Derek Loewy, PhD has been involved as the Principal Investigator in over thirty clinical trials since completing his Sleep Medicine Fellowship training at Stanford in 2001. Prior to PsyPharma, Dr. Loewy was the Director of the Insomnia Program at the Sleep Clinic of San Francisco.

"We are thrilled to be working with Dr. Loewy and his research team," said Russell Benaroya, CEO of REM Medical. "We know that experience and a track record are critical components to building a successful clinical trials organization. REM brings a solid research foundation that assists our pharmaceutical partners in bringing treatments to market that address the growing needs in the field of sleep medicine."

"Working with REM Medical will provide my research team with the systems and processes necessary to continue delivering quality services for our pharmaceutical sponsor organizations," said Dr. Loewy, Principal Investigator. "Our objective is to build from our Tucson location to expand local capacity, broaden our capabilities, and partner nationally with other leading researchers in the field."

About REM Medical Corporation

REM Medical Corporation was founded in 2005 to deliver comprehensive sleep medicine services through its existing sleep medicine institutes and through employer driven programs. REM Medical currently operates three institute facilities in Phoenix and Tucson, AZ. For more information, go to www.remmedical.com.

SOURCE REM Medical Corporation

Source: PR Newswire

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