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Boston, MA, U.S., and Bogota, Colombia – April 11th, 2013 ESTERN Medical CRO Corporation a leading full Clinical Research Organization (CRO) for global Pharmaceutical & Medical Device services provider, and the “Hospital Universitario Mayor – Mederi”, Universidad del Rosario (UR) University Hospital, announced today that they have established the “1st” partnership alliance. Under the agreement, ESTERN Medical and The Mederi University Hospital will collaborate to provide pharmaceutical and medical device scientific and clinical research development services in Colombia ranging from all Phase I, II, III & IV.

“Partnering with The Mederi University Hospital further enhances our ability to meet the increasing demand from our sponsors to provide a full scope of broad clinical trials phases I through IV in a rapidly growing R&D market,” said Dr. Jorge Estrella, M.D., Corporate President & Chief Medical Officer from ESTERN Medical. “The Mederi University Hospital is well-known and highly respected in Colombia and across Latin American region. We are pleased to have the opportunity to work together to advance our biopharmaceutical & medical device sponsor’ trial programs in the region and help them to compete more effectively in the global marketplace”

“We are delighted to collaborate with ESTERN Medical, a world-leading CRO for biopharmaceutical & medical device trial services provider” said Dr. Rafael Riveros, M.D., Head Scientific Director & Dr. Ricardo Alvarado, MD, MPH, Head Research at the Mederi University Hospital. “ESTERN Medical has a wealth of experience in both local and international clinical development programs. This partnership will bring opportunities for both ESTERN Medical and The Mederi University Hospital to leverage our combined expertise in order to accelerate clinical development programs in Colombia and meet patients’ need for more effective treatments.”

The alliance will drive greater efficiency for Biopharmaceutical and Medical Device sponsors worldwide. As a center of excellence for clinical trials in Colombia and the South American region, the Colombian Mederi University Hospital is ideally positioned to support ESTERN Medical in delivering a superior clinical development service to local and global biopharmaceutical companies. The combined experience and development expertise of the two organizations will help to create innovative solutions for biopharmaceutical and medical devices companies looking to develop or market their products within this important region. Dr. John Jairo Hernandez, M.D., NSG & Head of Pain Management & CNS for Mederi University Hospital & ESTERN Medical, & Claudia Hernandez C. Head Director Clinical Operations U.S. North America & Latin America for ESTERN Medical comment on this successful accomplishment from a health scientific institution and clinical research company.

About The Hospital Universitario Mayor Mederi – University of Rosario Hospital (UR):

The Hospital Universitario Mayor – Mederi started its operations in 2008. The Rosario University Hospital is a modern institution that was designed to support the concept of “patient-centered-care”, by which treatment is delivered at the bedside. The hospital endeavors to provide appropriate, effective, and compassionate care that is accessible, affordable, and culturally sensitive, and in all these respects it serves as a model to emulate for other university hospitals and clinics across the nation and in Latin America. With more than 3100 employees serving approximately 681 inpatient beds, and thousands of daily outpatient visits, and thousands of treatments per day of Cardiovascular Surgery, Cancer, Organs Transplant, Liver & Pancreas Surgery, Peripheral Vascular Surgery, Orthopedics & Traumatology, Urological Surgery, Bariatric Surgery, Neurosurgery, Pain Management, Plastic Surgery, MRI/MRA Diagnostic Imaging and other diverse fields, the Mederi University Hospital remains the best- known and the highest-quality clinical & scientific and academic medical center in Colombia. For more information, please visit http://www.mederi.com.co/

About The Universidad del Rosario (University of Rosario):

The Universidad del Rosario or University of Rosario (Spanish: Colegio Mayor de Nuestra Señora del Rosario – Universidad del Rosario) is a University originally founded on Roman Catholic principles, in 1653 by Fray Cristobal de Torres. Located in Bogotá, Colombia, due to its important place in Colombian history, it is known as “The Cradle of the Republic”. Most faculties reside at the Cloister, the main campus located in the historic-geographical center of Bogotá. Nowadays the institution is based on secular ideas and remains very influential in Colombian culture and public life. At least 28 of Colombia’s presidents have been students of this university. It has influenced and participated in very important transitional processes like the revolution for the independence from Spain and the drafting of the Political National Constitution of 1991. As a curious fact, one of the most important 1886 Constitution’s Supreme Court (1936), the so-called golden court, was composed in its majority by lawyers from the Faculty of Jurisprudence.

The current “Rector” (Provost) of the University of Rosario is Hans-Peter Knudsen, elected on November 18, 2002. He holds a degree in Business Administration and a degree in ‘University Teaching’, both from the University of Rosario. He also completed studies on ‘Renovation of Research Universities’ at the Massachusetts Institute of Technology (MIT) and ‘University Management’ at Harvard University. For more information visit http://www.urosario.edu.co