Life Sciences Leader Will Expand, Enhance Solution Offerings
For more than 20 years, QPharma has worked closely with pharmaceutical, medical device, and biotechnology manufacturers to validate their systems and facilities; plan their product launches; manage their pharmaceutical sample distribution; coordinate their state and federal transparency reporting; train their sales forces; and solve their regulatory compliance problems. In recent years, the company has added new solutions that include Key Opinion Leader (KOL) identification, influence mapping, and analytics. From modest beginnings as a provider of computer system validation services, QPharma has steadily grown to become a leader in its industry.
"The purchase of Qforma is a natural progression of the incremental growth strategy that has served QPharma well in the past two decades," said QPharma President and CEO Patrick Den Boer. "The outstanding technology platform and solution base they have built is a perfect complement to QPharma's suite of business intelligence tools."
"We are pleased to see this transaction come to fruition," added Inder Tallur, Managing Director of BelHealth. "We believe this acquisition will enable QPharma to deliver outstanding value-added services, to the benefit of its growing roster of valued clients."
To avoid name confusion, the Qforma brand will be phased out, and the company will continue to operate as QPharma. With the acquisition, QPharma will increase its headcount by 10 percent, with new sales, strategy, and technology personnel based at offices throughout the United States. The company expects to announce updates on its enhanced set of services in the coming months.
About QPharma, Inc.
Founded in 1994, QPharma provides a suite of solutions to the life sciences industry. Services offered by the company's Professional Services division include validation services, project management, auditing, and training. The Commercial Services division provides solutions that include aggregate spend reporting, sample accountability, online training, fulfillment, and brand sales/marketing support.