CROs/Service Providers

ICON acquires Firecrest Clinical to enhance site performance

Thursday, July 14, 2011 01:03 PM

Dublin, Ireland-based global CRO Icon has agreed to acquire Firecrest Clinical, a provider of technology solutions that boost investigator site performance and study management.

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inVentiv Health completes PharmaNet acquisition

Thursday, July 14, 2011 12:56 PM

Burlington, Mass.-based inVentiv Health, which offering clinical, commercial and consulting services to the healthcare industry, has completed the acquisition of CRO PharmaNet Development Group. Financial terms of the transaction were not disclosed.

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INC Research completes acquisition of Kendle International

Wednesday, July 13, 2011 10:31 AM

Raleigh, N.C.-based INC Research, a therapeutically focused CRO privately held by Avista Capital Partners and Ontario Teachers’ Pension Plan, has completed the acquisition of Kendle International in an all-cash transaction with a total equity value of approximately $232 million or $15.25 per share.

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Chiltern establishes legal entity in Israel

Thursday, July 7, 2011 10:11 AM

Global CRO Chiltern International has established a new legal entity in Israel.

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Quintiles invests $1 million in Prana Biotechnology

Tuesday, July 5, 2011 12:21 PM

Quintiles is raising its stake in Prana Biotechnology, an Australian company focused on Alzheimer’s disease and other major age-related neurodegenerative disorders, by acquiring $1 million worth of new Prana shares, according to PharmaTimes.

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Report: Clinical trials market growing rapidly

Tuesday, July 5, 2011 12:16 PM

A report by London-based visiongain predicts worldwide clinical trial services revenues will reach $32.73 billion in 2015. Revenues for CROs totaled $21.69 billion in 2010, according to Pharma Clinical Trial Services: World Market 2011-2021.

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ClinTec International expands into China, Singapore and Thailand

Wednesday, June 29, 2011 10:13 AM

U.K.-based global CRO ClinTec International has opened offices in China, Singapore and Thailand, consolidating its presence in the Asia Pacific region.

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Singapore R&D consortium aims to tap into outsourcing trend

Tuesday, June 28, 2011 02:32 PM

Government agency International Enterprise (IE) Singapore has launched a biomedical R&D consortium involving seven companies based in the island state, with the aim of tapping into the trend for outsourcing of R&D across Asia, according to PharmaTimes.

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Indian regulators suspend operations at CRO Axis Clinicals

Tuesday, June 28, 2011 02:30 PM

India’s Drug Controller General (DGCI) has suspended operations at Hyderabad, India-based CRO Axis Clinicals and is vetting all bioavailability and bioequivalence study centers in Andhra Pradesh state after investigations revealed irregularities in a trial conducted by Axis, reported PharmaTimes.

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CRO industry grew 16% in 2010

Tuesday, June 28, 2011 01:51 PM

Sales growth in the contract research industry accelerated approximately 16% in 2010, generating a worldwide market worth $27 billion, according to a new report from Biopharm Knowledge Publishing.

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