Datatrak

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A Deep-dive Into Specialty Pharma

A specialty drug is a class of prescription medications used to treat complex, chronic or rare medical conditions. Although this classification was originally intended to define the treatment of rare, also termed “orphan” diseases, affecting fewer than 200,000 people in the US, more recently, specialty drugs have emerged as the cornerstone of treatment for chronic and complex diseases such as cancer, autoimmune conditions, diabetes, hepatitis C, and HIV/AIDS.

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DATATRAK International posts nearly break-even second quarter

The Cleveland-area company, which offers electronic clinical trials products, reported a net loss of $39,000 in its second quarter, the three months ending June 30. That compares to a loss of $16 million for the same period in 2008. For the last six months, DATATRAK has a net loss of $827,000 compared to an $18.23 million net loss for the same period in 2008.

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DATATRAK delisted from NASDAQ

The company has been in violation of the stock market's minimum equity rule since last September, but had been appealing and presenting plans on how it planned to meet NASDAQ's basic standards.

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