Redwood Shores, Calif.-based Oracle Corp. will acquire clinical trials management software vendor Phase Forward Inc. for $685 million.

Based in Waltham, Mass., Phase Forward's applications cover the clinical trials process from study initiation and FDA submission through post-marketing studies. The applications have been used in over 10,000 clinical trials involving more than 1 million trial study participants at more than 300 life sciences companies, medical device firms, regulatory agencies and public health organizations, according to the company.

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