Veritas Medicine Restructures Business and Drops Trial Listing Service
Cambridge, Mass.-based Veritas Medicine, a clinical trial services company, has discontinued its patient recruitment services and laid off a number of employees. According to Veritas, it is restructuring the company to focus solely on its clinical trial disclosure business. The company’s clinical trial listing service and patient screening business will be terminated. Veritas stated it ceased providing patient recruitment services on Feb. 8.
PPD Buys Russian CRO InnoPharm
Wilmington, N.C.-based PPD acquired contract research organization (CRO) InnoPharm, based in Smolensk, Russia. InnoPharm has a staff of 300 and has additional offices in Moscow, St. Petersburg and Kiev, Ukraine. It offers late-stage services in clinical monitoring, data management and biostatistics. No financial details of the transaction were given.
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