A quintile is a term describing, "one fifth" (1/5), or 20% of a given amount.
It is used when describing the statistical distribution of a population (see Quartile). In descriptive statistics, a quartile is any of the three values which divide the sorted data set into four equal parts, so that each part represents 1/4th of the sample or population. ...
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Quintiles will also issue Healtheon/WebMD a warrant to purchase up to 10 million shares of Quintiles common stock at $40 a share, exercisable for four years.
The deal is expected to close in the first or second quarter of the year.
Additionally, Quintiles will pay $100 million in funding over the next year and a half to Healtheon/WebMD for the development of Web-based products and services in the areas of drug development, physician detailing and direct-to-consumer information delivery.
Quintiles has been an employer in the United States and countries of the EU for a number of years and has regarded the protection of our employees' personal data to be of the utmost importance.
Quintiles regards the proposed safe harbor to embody a sensible approach, and, therefore, urges that these draft privacy principles be approved and implemented.
Quintiles offers certain suggestions for clarifications to the safe harbor principles: Personally identifiable research data obtained in the EU by pharmaceutical and medical device companies are subject to the regulatory standards of the Department of Health and Human Services (HHS) or one of its agencies, the Food and Drug Administration (FDA).
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