
Home » CWWeekly June 16th 2008 Issue
CWWeekly June 16th 2008 Issue
June 21, 2008
Top News
Encorium Set to Acquire Prologue and Merge with Linkcon in Emerging Markets Play
In what appears to be a major course correction for ailing Wayne, Pa.-based contract research organization (CRO) Encorium, the CRO is set to acquire Prologue Research, a phase I through IV oncology-focused CRO based in Columbus, Ohio, and three additional CROs through a merger with Linkcon, a holding company of Chinese merchant bank Chardan Capital.
Parexel, Quintiles Vie for ClinPhone Acquisition
Parexel, a top 10 global contract research organization (CRO), announced an agreement on June 13 to acquire UK clinical technology company ClinPhone at an 86% premium to its share price on the London Stock Exchange. The deal values ClinPhone’s shares at $182 million. Soon after the Parexel press release hit the wires, Quintiles, the market leading private CRO, said it is planning an all-cash bid for ClinPhone that would beat Parexel’s $182 million offer.
Other breaking news...
- Premier Research completes management buyout, goes private...
- PHT in partnership agreement with ICON...
Company Profile: An interview with Sonja McKinlay, Ph.D., president, New England Research Institutes
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