ACCESS Newswire
08 Dec 2021, 21:44 GMT+10
Dokumeds brings complementary specialties and multinational footprint in Europe and beyond
RESEARCH TRIANGLE PARK, NC / ACCESSWIRE / December 8, 2021 / Rho, a full-service contract research organization (CRO) with a proven track record of drug development success, today announced that it has acquired Dokumeds, a privately-held European CRO. Established in 1995 and headquartered in Riga, Latvia, Dokumeds has 10 offices and is active across multiple continents. Terms were not disclosed.
'Our two companies are a great match, known for long-lasting relationships, scientific excellence and high-quality clinical development services,' said Laura Helms Reece, DrPH, CEO, Rho. 'I'm thrilled to expand on our existing partnership and welcome Dokumeds to our company. Our teams are already aligned, ready to drive sponsors' multinational programs forward to achieve development milestones and bring new and better treatments to patients. With this acquisition, Rho continues to offer focused therapeutic expertise as well as the attentiveness and agility of a medium-sized CRO, now with expanded global reach.'
'Dokumeds is delighted to join Rho, a fast-growing company that shares our passion for bringing new and improved therapies to the patients who need them,' said Indra Aboltina, MD, PhD, CEO, Dokumeds. 'Our two companies already share a similar business culture and have complementary specialties and geographic footprints. This means that we are well on the way towards swift, smooth integration into a productive new entity that will help sponsors reach milestones more quickly and efficiently - globally.'
With an unwavering commitment to personalized customer support, the combined companies will continue to provide full service clinical development services, from investigational new drug applications to regulatory submissions. Rho and Dokumeds' strong organizational fit, nimble operations, and manageable size will enable an accelerated integration process without delays or interruptions to client programs. Clients will benefit from expanded access to patients worldwide, with consistent, exceptional quality across countries and sites.
Edgemont Partners served as the exclusive financial advisor to Rho on the transaction.
About Rho
Rho is a global, privately held contract research organization (CRO) headquartered in Research Triangle Park, a biotech hub in North Carolina, US. Rho provides a full range of drug development services, from program strategy through to clinical trials and marketing applications. For more than 35 years, Rho has been a trusted partner to some of the most innovative pharmaceutical, biotechnology and medical device companies as well as academic and government organizations. Dedicated to service excellence and cross-functional collaboration, Rho's therapeutic expertise, employee focus and commitment to strong site relationships change what it means to work with a CRO - accelerating time to market, maximizing ROI, and delivering consistent, smarter and more efficient programs. Experience Rho by following the company on Facebook, LinkedIn and Twitter.
MEDIA CONTACT:
Kelly Maicon (on behalf of Rho)
LARGEMOUTH COMMUNICATIONS
m: +1.919.741.9784
[email protected]
SOURCE: Rho
Get a daily dose of St Louis Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to St Louis Star.
More InformationLONDON, UK - Lawmakers in the United Kingdom have voted overwhelmingly to proscribe the direct-action group Palestine Action as a terrorist...
DHARAMSHALA, India: The Dalai Lama is set to address a significant three-day conference of Buddhist leaders this week, coinciding with...
WASHINGTON, D.C.: In a significant ruling last week, the U.S. Supreme Court upheld a Texas law requiring age verification for users...
ISTANBUL/PARIS/BRUSSELS: As searing temperatures blanket much of Europe, wildfires are erupting and evacuation orders are being issued...
VENICE, Italy: Over the weekend, hundreds of protesters marched through the narrow streets of Venice to voice their opposition to billionaire...
PARIS, France: France is taking stronger steps to reduce smoking. A new health rule announced on Saturday will soon ban smoking in...
MENLO PARK, California: Robinhood is giving European investors a new way to tap into America's most prominent tech names — without...
NEW YORK, New York - U.S. stocks diverged on Wednesday for the second day in a row. The Standard and Poor's 500 hit a new all-time...
NEW YORK CITY, New York: The U.S. dollar continues to lose ground, weighed down by growing concerns over Washington's fiscal outlook...
KABUL, Afghanistan: Afghanistan, long associated with war and instability, is quietly trying to rebrand itself as a destination for...
SANTA CLARA, California: Executives at Nvidia have quietly been cashing in on the AI frenzy. According to a report by the Financial...
NEW YORK, New York - Global stock indices closed with divergent performances on Tuesday, as investors weighed corporate earnings, central...