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Oracle buys eClinical specialist Phase Forward for $685m

Business software giant Oracle has taken a leap forward in the healthcare arena with a $685 million cash offer to acquire eClinical specialist Phase Forward.

The deal reinforces Oracle's Health Sciences unit, which was set up in 2008 to draw on a clinical trial management platform, based on a customer-relationship management (CRM) software developed by the firm's Siebel business unit.

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