Edgemont Capital Partners advises CroMedica, Inc. on merger with PRA
International, Inc.


McLean, VA, June 17, 2002

PRA International Inc, a pharmaceutical research industry leader in contract clinical development services, today announced that it has agreed to a merger with CroMedica International, Inc, a worldwide clinical research organization (CRO) headquartered in Canada. The combined companies will operate under the PRA International name, forming one of the top five global clinical drug development organizations.


CONTACT:


At Edgemont Capital Partners
David K. Blume, Managing Director
Phone: 212-867-8935 Fax: 212-214-0911

Jeff B. Swearingen, Principal
Phone: 212-867-8935 Fax: 212-937-3816