Archives for April 29, 2015

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WuXi receives bid to take it private

By Zachary Brennan

China-based contract research and manufacturing company WuXi PharmaTech has received a proposal to be taken private by a consortium led by its CEO and Ally Bridge Group Capital Partners.

FDA’s Woodcock calls to cut clinical costs via new efficiencies

By Zachary Brennan

As the cost of clinical trials continues to grow, Janet Woodcock, director of the Center for Drug Evaluation and Research at the FDA told Senators earlier this week that there are “ways to greatly improve clinical trial efficiency,” and cut costs through...

Charles River stock falls nearly 10% on soft quarterly results

By Zachary Brennan

Charles River Laboratories saw only slight growth in revenue compared to the same quarter last year, which was driven by its safety assessment and endotoxin and microbial detection businesses, and double-digit revenue increases from mid-tier biotech clients.

Quintiles acquisitions start to pay off in Q1

By Zachary Brennan

CRO Quintiles’ recent purchases of oncology and medical device specialist Novella and EHR service firm Encore Health Resources are starting to reap new benefits for the world’s largest CRO, the company reported in its earnings call on Wednesday.