iCardiac Acquires Clinical Trials Division of nSpire Health
Transaction Adds Respiratory and ePRO Services to Its Leading Cardiac Safety Offering
August 6, 2015
Rochester, NY – iCardiac Technologies, a global provider of cardiac safety assessment services to the pharmaceutical industry, announced today that it has added leading respiratory and ePRO services to its suite of offerings through the acquisition of the clinical trials division of nSpire Health. As part of the transaction, iCardiac has also opened a new office in Longmont, Colorado to accommodate the project management, data management, customer support, IT, technology development and business development teams that are joining iCardiac from nSpire Health.
nSpire Health has conducted over 225 clinical trials during the past decade, providing centralized spirometry, pulmonary diagnostics, challenge testing, eDiary and data management services for Phase I-IV studies. It has worked with over 5,400 investigative sites in 55 countries.
"iCardiac and nSpire have worked side-by-side as closely-integrated partners for over five years and on over 20 clinical trials", said Alex Zapesochny, president & CEO of iCardiac. "That working relationship confirmed for us that the people, solutions and technologies of nSpire are second-to-none. It also made the decision to join forces with nSpire's clinical trials division an easy one as iCardiac sought to expand our capabilities to better serve the growing demand for respiratory and inhaled therapeutics programs for asthma, COPD, cystic fibrosis and other indications."
"Customers will experience numerous advantages and efficiencies from sourcing their cardiac safety, respiratory and ePRO services all from the same leading vendor," said John Sage, who served as Senior Vice President of nSpire Health's clinical division and will continue to lead respiratory and ePRO service operations at iCardiac. "Both current and future customers will benefit greatly from this combination of two service-oriented, technology-centered organizations."
With the sale of its clinical trials division, nSpire Health will focus on developing and expanding its commercial healthcare business and will also serve as an equipment supplier to iCardiac for clinical trials applications.
No financial terms of the deal were disclosed. The transaction is effective immediately.
For more information on iCardiac Technologies, please visit www.icardiac.com.
About iCardiac Technologies
iCardiac Technologies, Inc., is a leading centralized core laboratory offering cardiac safety, respiratory and ePRO services in support of global clinical trials. iCardiac has introduced multiple breakthrough innovations to the cardiac safety industry, including its High Precision QT and Early Precision QT methodologies. iCardiac's proprietary cardiac safety assessment methodologies have set a new standard for precision and accuracy in all phases of human drug trials. iCardiac serves 7 of the top 10 global pharma, as well as numerous small and mid-sized pharma and biotech companies. For more information: www.icardiac.com.
About nSpire Health
nSpire Health™ is a global respiratory information systems software developer and medical device manufacturing company. They are the exclusive provider and developer of Iris™, the world's first Integrated Respiratory Information System, and KoKo® pulmonary function, diagnostic spirometry, and respiratory home monitoring devices. Together, these expert, scalable software solutions and sophisticated data collection products empower healthcare providers to advance respiratory diagnostic processes, and improve patient outcomes while meeting the demanding clinical and business objectives of thought leaders in respiratory care. For more information: www.nspirehealth.com.