Top 5 Global Pharmaceutical Company Selects NewCardio's QTinno for Phase I Drug Safety Trial

NewCardio, Inc., NWCI +19.55% a cardiovascular diagnostic solutions developer, announced today that a top 5 global pharmaceutical company has selected QTinno®, their automated cardiac safety solution, for an upcoming Phase I drug safety study. Fully automated ECG analysis, empowered by QTinno, will be delivered by the ECG core lab of a top 3 Clinical Research Organization (CRO) under the terms of an existing Master Services Agreement with NewCardio.The study starts in November, and will be completed in the first quarter of 2012. QTinno was selected based on its proven ability to enable the CRO to deliver high-quality results in a much more timely and cost effective manner than the current core ECG lab methodologies, as evidenced by 2 recent studies completed for this drug development sponsor.Vincent Renz, NewCardio President and Chief Executive Officer, commented, "We are excited to participate in this new study for a major global pharmaceutical company with our CRO partner. QTinno's selection for this study, based on the performance in prior studies, provides clear evidence of the pharmaceutical company's confidence, not only in the accuracy and precision of QTinno's fully automated ECG analysis, but also in the FDA's willingness to accept drug safety data from properly validated technology such as QTinno."