Top Stories for the Week of June 11th 2007
Private Equity Group Acquires Radiant Research to Grow the SMO Globally
Bellevue, Wash.-based Radiant Research, the largest owned-model site management organization (SMO) with 26 sites, has completed a sale of the business to an ownership group led by India-based ICICI Venture, a private equity company with $2 billion under management.
Veeda Clinical Research Acquires Phase I Unit in Germany
Veeda Clinical Research, an early phase contract research organization (CRO) with headquarters in both Plymouth, UK, and Ahmedabad, India, has bought a 40-bed phase I facility in Gorlitz, Germany. Financial and other details of the transaction were not disclosed; however, according to public records, the last company to own the unit was Medifacts International.
Other breaking news...
Company Profile: An interview with Gary Velasquez, president and chief executive officer, Synarc.