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The WIRB-Copernicus Group’s Clinical Services Division announced the acquisition of PharmaSeek, LLC, including its wholly-owned subsidiaries PFS Clinical and PatientWise, providers of turn-key administrative, consulting, patient recruitment and training solutions for clinical research sites.
“At WCG, we are proud to support the members of the research ecosystem with solutions to optimize their participation in clinical trials,” said Donald A. Deieso, PhD, Executive Chairman and CEO of WCG. “Sites are the connective tissue that unites all of the elements of clinical research; sites are where sponsors and patients come together, and where science and execution intersect. It is in the best interest of the entire research ecosystem that we help our existing sites to remain healthy and vital, and that we make research more accessible and manageable for new investigators. We are delighted to welcome PharmaSeek - an organization dedicated to increasing the efficiency, profitability and vitality of clinical research sites - to our family of companies. We look forward to expanding PharmaSeek’s presence in the market and to providing investigators, institutions and independent sites with more robust support in the management of their research.”
PharmaSeek aims to decrease study start-up timelines by taking on the administrative burdens of clinical research, saving its clients both time and money.
“We are thrilled to join WCG, and to be part of an organization so keenly focused on driving down the cost of drug development,” said Nicolas Cindric, PharmaSeek’s CEO. “It doesn’t feel like an acquisition in the traditional sense; it feels more like we’ve received an exclusive invitation to join a community of like-minded professionals who share vision for a better tomorrow. I am delighted that, through this transaction, we will be able to offer even greater value to the ecosystem we serve.”
PharmaSeek provides strategic guidance and administrative expertise to hundreds of dedicated research sites, multi-specialty practices, integrated health systems, and academic medical centers that are seeking to expand their research portfolio, increase the profitability of an existing program, or improve the efficiency of its management.
“The biggest challenge many of our larger clients - integrated health systems and academic medical centers - is attracting top talent in certain therapeutic areas,” said Mr. Cindric. “If they don’t have an environment that supports research-and supports it effectively- they will not remain competitive. Patients want cutting-edge treatments, and access to the top doctors who deliver them. We teach our clients how to make research part of their business strategy and provide them with the administrative support to execute it properly.”
“We are so pleased to welcome PharmaSeek and its vast network of independent sites to WCG,” said Jonathan Zung, PhD, Executive Vice President of WCG’s Site Division. “We have been focused on expanding WCG’s Global Research Network (GRN) - which now includes more than 2,800 research sites participating in sponsor-funded clinical trials - by attracting more independent sites.”
Membership in WCG’s GRN provides a number of benefits including continuous education, advisory services, and relationship-building with biopharmaceutical sponsors within targeted therapeutic areas. There are no fees or other financial requirements for membership - only the commitment to performing high-quality clinical trials.
Like WCG’s previous acquisitions, PharmaSeek will continue to operate independently and retain its headquarters in Madison, WI. WCG will provide PharmaSeek with access to capital, expertise and corporate operational support.