After a hiccup in new business alarmed investors and overshadowed steady gains, Parexel righted the ship in its second fiscal quarter, boosting its new contracts and growing revenue by about 15%.
India's GVK Biosciences has signed a deal to acquire Aragen Bioscience, a California-headquartered preclinical CRO, in an effort to tap into the booming demand for biologics development and expand its stateside market.
Clinical trial software outfits Datatrak and Clinverse have joined forces to provide what they say is the industry's first end-to-end technology for financing studies.
Years of lax regulations helped India build a booming market for clinical trials, but a recent move to strengthen patient protections has deflated demand, and last year saw just 19 studies get underway in the country, The Pharma Letter reports.
Belgium's fast-growing Genae has expanded into Germany, opening up an outpost in Frankfurt to tap one of Europe's largest medical device markets.
ResearchDx, one of the few outfits devoted to contract test making, has extended its operation to include the Middle East, a region the company said is home to a growing biotech market.
Pharma contracting heavyweight Catalent has set plans for an IPO, planning to raise $100 million and trade under "CTLT."
Covance is betting on a boom in the demand for nutritional chemistry and food safety services, planning to cut the ribbon on a 10,000-square-foot lab in the U.K.
Contract manufacturer Patheon boosted its revenue by about 137% in the last fiscal year, hauling in more than $1 billion as it prepares to merge with competitor DSM.
With the FDA's all-clear under its belt, AMRI's once-troubled Burlington, MA, "money pit" is poised to push the Albany, NY, company into new markets, the company's new CEO reportedly told investors at the J.P. Morgan Healthcare Conference last week. The former Teva executive said he's eyeing generics and high-tech drug delivery among potential expansion areas.
Ohio medical device researcher NAMSA is stretching out its European presence with the acquisition of Medvance, snapping up the U.K.-headquartered CRO with hopes of growing its share of the med tech market.
Animal model specialist Harlan Laboratories is moving to expand its share of the Indian research market, planning to open its first breeding facility in the country.
Last year, Parexel watched its stock price drop after reporting an unexpected decline in net new business, but that was a mere blip and not the beginnings of an alarming trend, the CRO said, boosting its expectations for the next quarter.
Another year, another merger for BioClinica as the once-public CRO prepares to combine its operations with CCBR-Synarc, a specialized clinical services outfit.
San Francisco clinical trial software outfit goBalto has made its first big international push, opening outposts in Singapore and the U.K.
Montreal's JSS Medical Research has acquired competitor Integrated Research Inc., completing a deal the CRO says makes it the largest Canadian-owned contract researcher.
Contract researcher Avillion launched last year with a novel approach to contract drug development, planning to team up with Big Pharmas on late-stage assets and take drugs to the finish line in exchange for a cut of the proceeds. Now the London company has reeled in a big-name partner in Pfizer, signing on to run a Phase III study of the cancer-fighting Bosulif.
Italy's CROS NT has bought out MDSL International, absorbing the U.K. company's expertise in clinical data management, statistics and other biometrics services.
Theorem Clinical Research is looking to up its game in cardiac trials, teaming up with BioTelemetry for access to high-tech core labs and a bigger share of the market.
Global CRO Quintiles has struck up a deal with the Medical Affairs Company, a medical liason contractor, and the two companies plan to pool their powers in drug and device commercialization.