WuXi AppTec’s CRO arm WuXi Clinical will subsume Pharmapace into its business as the China giant looks to up its trial services in biometrics.
The San Diego-based clinical services company offers a host of clinical and statistical programming, data management, biostatistics, clinical data integration and medical writing with clients in North America, Europe and Asia.
With this buy, financial details of which are not being shared, WuXi Clinical boosts its biometrics capabilities in the U.S. and Europe.
“By integrating Pharmapace and WuXi Clinical China based biometrics teams, we will be able to provide our global customers with efficient and cost effective biometrics service essentially round the clock,” the company said in a statement.
WuXi added: “China's recent regulatory reforms that embrace overseas trial data provide an unprecedented opportunity for innovators around the world to accelerate and integrate clinical development both regionally and globally through the WuXi Clinical organization.”
"We are very pleased to welcome Pharmapace to WuXi AppTec. Larry and his leadership team have built a highly reputable biometrics organization in the U.S.," said Edward Hu, co-CEO of WuXi AppTec.
"This acquisition further enhances WuXi Clinical's drug development expertise and biometrics capabilities and lays the foundation for the creation of an integrated global biometrics service platform to efficiently and cost effectively provide customers seamless biometrics services globally. Together, we are able to shorten time-to-market of new drugs and to achieve the dream that 'every drug can be made and every disease can be treated'."