News

Wellcome bets $4M on CRO Selcia's university team-up

The U.K.'s Wellcome Trust is putting up about $4.1 million to fund a collaboration between CRO Selcia and Edinburgh University, under which the two will develop new treatments for sleeping sickness.

BioClinica plots an EU expansion in the midst of its latest merger

Last year, CRO BioClinica saw its most rapid growth in Europe, the company said, and now, as it prepares to join forces with CCBR-Synarc in its second merger in as many years, the clinical trial outfit plans to deepen its investment in the continent.

BioOutsource doubles its capacity in a bet on a biosimilar boom

As more and more massive-selling biologics lose their patent protection, a new class of biosimilars is poised to blow up around the world, and the U.K.'s BioOutsource is amping up its capabilities to prepare for the boom.

Covance's sales soar on a jump in late-stage testing

Global CRO Covance boosted its revenue by about 11% last quarter, capping off a banner year in which the company outstripped its financial targets.

Algorithme doubles down on complex trials with latest addition

Canadian CRO Algorithme Pharma has expanded its Montreal clinic to include a dedicated unit for complex trials, adding 41 beds to its flagship facility.

InVentiv looks to corner the market on mid-size biotechs

CRO conglomerate inVentiv Health has extended its deal with Swedish outfit NeuroVive Pharmaceutical, and the contract researcher says its ability to tailor its platform to developers of all sizes make it an ideal partner for drugmakers on the come-up.

Growing Novotech makes its way into Africa

Australian CRO Novotech is heading west with its global expansion effort, opening up shop in South Africa to broaden its access to diverse patient populations.

Ergomed cuts a risk-sharing deal on Ferrer's insomnia drug

The U.K.'s Ergomed takes a more hands-on approach to contract development than many CROs, and the company has inked another risk-sharing partnership, teaming up with Spain's Ferrer to progress an insomnia treatment.

Parexel rebounds from a shaky fall as sales jump 15%

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%.

Indian CRO GVK buys its way into biologics with Aragen deal

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.

Datatrak, Clinverse team up for clinical trial tech

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.

Report: Indian clinical trials fell 93% last year

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.

CRO Genae reaches into Germany for device trials

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 pushes into the Middle East for diagnostics development

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.

Catalent lines up for an IPO worth $100M--or much more

Pharma contracting heavyweight Catalent has set plans for an IPO, planning to raise $100 million and trade under "CTLT."

Covance adding 100 jobs in U.K. nutrition expansion

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.

UPDATED: Patheon soars in its last year as a public CMO

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.

AMRI: Burlington 'money pit' is now a springboard

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.

Device CRO NAMSA rolls into the U.K. with Medvance buyout

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.

Harlan targets India with latest animal model expansion

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.