• SKIP TO CONTENT
  • SKIP NAVIGATION
  • Patient Resources
    • COVID-19 Patient Resource Center
    • Clinical Trials
    • Search Clinical Trials
    • Patient Notification System
    • What is Clinical Research?
    • Volunteering for a Clinical Trial
    • Understanding Informed Consent
    • Useful Resources
    • FDA Approved Drugs
  • Professional Resources
    • Research Center Profiles
    • Clinical Trial Listings
    • Market Research
    • FDA Approved Drugs
    • Training Guides
    • Books
    • eLearning
    • Events
    • Newsletters
    • White Papers
    • SOPs
    • eCFR and Guidances
  • White Papers
  • Trial Listings
  • Advertise
  • COVID-19
  • iConnect
  • Sign In
  • Create Account
  • Sign Out
  • My Account
Home » MedSource acquires Datatrial data services division

MedSource acquires Datatrial data services division

June 14, 2017
CenterWatch Staff

Houston-based MedSource expanded its clinical development repertoire, acquiring the data services division of biometrics and technology company Datatrial in early 2017. The deal both strengthens MedSource’s position as a full-service CRO and paves the way for a greater presence within the European market, accelerating MedSource’s growth trajectory as a result.

For the past three years, MedSource has grown significantly, opening new facilities in San Diego and Raleigh, North Carolina, and increasing the number of employees by more than 100%. In just two years, MedSource’s revenue grew 260%, and throughout, the company has built a strong reputation for delivery of superior clinical offerings. Bringing resources and staff with biometric services expertise under the MedSource umbrella bolsters this reputation and provides clients access to a full suite of services in-house.

“The decision to move forward with this acquisition aligns with our commitment to more completely meet the needs of our clients,” said Eric Lund, MedSource president and CEO. “MedSource will continue to provide the quality, flexibility and transparency our clients are accustomed to, with the added benefit of these data services being managed and controlled under one roof. These newly acquired offerings—including end-to-end clinical biometrics, data management, biostatistics and medical writing—allow MedSource to better grow alongside its clients.”

As part of the deal, the data services team and staff in the U.S. and U.K. will be based entirely within MedSource, ensuring a seamless transition of expertise and resources. MedSource also continues its expansion with a new office in the U.K., taking its total number of offices to four, globally, and immediately increasing the organization’s international footprint and accessibility for small- to mid-sized biotech companies in the European market.

Through the divestiture of its data services division, Datatrial positions itself as a stand-alone technology company, allowing it to place greater attention on the development of its industry-leading software platform. Datatrial now has the flexibility and investment needed to expand its technology arm and develop solutions for CROs, biotech and pharmaceutical customers industrywide.

From MedSource’s perspective, Datatrial’s nowEDC platform has long been its e-clinical software of choice. The acquisition ensures MedSource’s ability to bring on board a team with an unparalleled knowledge base and expertise on nowEDC, as well as a built-in familiarity with current MedSource projects, a benefit to the existing team, as well as its current and prospective clients.

“This is an exciting time for Datatrial and an opportunity to re-focus the efforts of our organization,” said Emma Banks, CEO of Datatrial. “The transaction with MedSource allows us to commit more time and resources to expand and develop our leading-edge technology platform. Over the last 10 years, we have worked closely with CROs to provide high-quality clinical trial services. As we embark on this next phase, developing new and innovative products, we look forward to continuing our work with MedSource and others.”

Upcoming Events

  • 16Feb

    Fundamentals of FDA Inspection Management: Reduce Anxiety, Increase Inspection Success

  • 21May

    WCG MAGI Clinical Research Conference – 2023 East

Featured Products

  • Spreadsheet Validation: Tools and Techniques to Make Data in Excel Compliant

    Spreadsheet Validation: Tools and Techniques to Make Data in Excel Compliant

  • Surviving an FDA GCP Inspection

    Surviving an FDA GCP Inspection: Resources for Investigators, Sponsors, CROs and IRBs

Featured Stories

  • SurveywBlueBackground-360x240.png

    Sites Name Tech Acceptance as Essential Factor in Selection of Sponsors, Survey Finds

  • TrendsInsights2023-360x240.png

    WCG Clinical Research Trends and Insights for 2023, Part Two

  • TimeMoneyEffort-360x240.png

    Time is Money and So Is Effort, Budgeting Experts Say

  • TrendsInsights2023A-360x240.png

    WCG Clinical Research Trends and Insights for 2023, Part Three

Standard Operating Procedures for Risk-Based Monitoring of Clinical Trials

The information you need to adapt your monitoring plan to changing times.

Learn More Here
  • About Us
  • Contact Us
  • Privacy Policy
  • Do Not Sell or Share My Data

Footer Logo

300 N. Washington St., Suite 200, Falls Church, VA 22046, USA

Phone 617.948.5100 – Toll free 866.219.3440

Copyright © 2023. All Rights Reserved. Design, CMS, Hosting & Web Development :: ePublishing