Absorption Systems acquired by Chinese CRO for $137.5 million

A Chester County contract research organization (CRO) has been acquired by Pharmaron Beijing Co. Ltd. in a cash deal valued at up to $137.5 million. Pharmaron of Beijing, China, said the acquisition of Exton-based Absorption Systems will enhance its ability to offer fully integrated, end-to-end drug research and development services to customers worldwide. The company, also a CRO, has operations in China, the United Kingdom and the United Stat es and more than 10,000 employees. Absorption Systems…
Source: bizjournals.com Health Care News Headlines - Category: Health Management Authors: Source Type: news