In This Article:
Recognized in both pre-and post-approval pharmacovigilance operations
DURHAM, N.C., May 01, 2025 (GLOBE NEWSWIRE) -- Fortrea (Nasdaq: FTRE), a leading global contract research organization (CRO), today announced it has been recognized as a “Leader” for pharmacovigilance (PV) operations by Everest Group in its annual Pharmacovigilance Operations PEAK Matrix® Assessment 2025. Fortrea’s top position was recognized in both pre-and post-approval PV operations in Everest Group’s proprietary framework, which assesses market impact along with vision and capability.
“Fortrea’s mission is to bring life-changing treatments to patients faster, and we have translated our profound commitment to patients into recognized leadership in pharmacovigilance,” said Mark Morais, chief operations officer and president, Fortrea Clinical Development. “Fortrea provides global end-to-end safety solutions that span the life cycle of products from early clinical phases through post-approval. Our first-time-right approach prioritizes the needs of patients, physicians and regulatory authorities. Our customers have given us great feedback on our solutions and earning this industry recognition is a further testament to our dedicated teams.”
In the Everest Group report, it assessed 29 PV operations providers featured on the PV Operations PEAK Matrix. Each provider profile provided a holistic picture of its service focus, solution offerings, and domain investments. The assessment is based on Everest Group’s annual RFI process for calendar year 2024, interactions with leading PV providers, client reference checks, and an ongoing analysis of the PV operations market.
“As pharmacovigilance adapts to greater therapeutic complexity, heightened regulatory scrutiny, and increasing patient safety expectations, sponsors are turning to service provider partners that go beyond transactional delivery, seeking those who offer integrated scientific insight, forward-looking risk mitigation, and end-to-end strategic support across the product lifecycle,” said Vandana Sharma, practice director at Everest Group. “Fortrea stands out with its dual-strength PV capabilities, offering comprehensive clinical-stage safety services built on deep domain expertise across 60+ therapeutic areas, alongside robust post-marketing operations supported by global Qualified Person Responsible for Pharmacovigilance (QPPV) coverage and technology-led innovation. Its multidisciplinary collaboration model, flexible delivery frameworks, and sustained investment in technology and partnerships across key PV functions set it apart in the market. Clients consistently recognize Fortrea’s strengths in scientific depth, scalability, and global reach, earning it a Leader position in Everest Group’s Pharmacovigilance Operations PEAK Matrix® Assessment 2025.”