Tigermed takes $50M stake in U.S. CRO; Accovion restructures operations;

> Chinese CRO Tigermed has wrapped up its acquisition of a $50 million share of the U.S.'s Frontage Laboratories. Release

> Contract manufacturer PCI has agreed to buy U.K. drug developer Penn Pharmaceutical Services for an undisclosed sum. Story

> German CRO Accovion has restructured its operations, dividing its growing business between Western, Central, Eastern and Southeastern Europe. Release