Mega-Merger: Quintiles, IMS Health to Combine
CRO giant and leading healthcare information provider merge to create a wide-ranging R&D-to-commerical services company, in a deal some contend could trigger a trend of larger CROs adding complementary non-clinical offerings.
Quintiles, the world's largest contract research organization (CRO), and information and technology juggernaut IMS Health have agreed to an all-stock merger to create a combined company with service offerings across the entire life sciences product lifecycle-from R&D through commercial to the emerging areas of real-world evidence and patient outcomes. To be officially named Quintiles IMS, the new organization, according to the companies, will boast one of the world’s largest portfolios of healthcare information; deep therapeutic, domain, regulatory, and commercial analytic expertise; and proprietary technology applications supported by more than 50,000 employees operating in 100 countries.
The combined company is worth $17.6 billion based on market capitalization and with $7.2 billion in pro forma revenue in 2015. Industry consultants such as ISR believe this dealmaking trend in the CRO space will likely continue, as the larger CROs look to add complementary services and mid-size companies attempt to quickly gain scale to try to keep up.
Read the full release here.
Truqap Combination Shines in Phase III Trial for Prostate Cancer
November 26th 2024Data from the CAPItello-281 trial show Truqap alongside abiraterone and androgen deprivation therapy achieved a statistically significant and clinically meaningful improvement in radiographic progression-free survival.
Driving Diversity with the Integrated Research Model
October 16th 2024Ashley Moultrie, CCRP, senior director, DEI & community engagement, Javara discusses current trends and challenges with achieving greater diversity in clinical trials, how integrated research organizations are bringing care directly to patients, and more.
AI in Clinical Trials: A Long, But Promising Road Ahead
May 29th 2024Stephen Pyke, chief clinical data and digital officer, Parexel, discusses how AI can be used in clinical trials to streamline operational processes, the importance of collaboration and data sharing in advancing the use of technology, and more.
