My employer, the Precision Medicine Group, recently made a new acquisition. Details are in this press release and the excerpt below.
Precision for Medicine, part of the Precision Medicine Group, announced today that it has executed a binding agreement to acquire ACT Oncology, the leading contract research organization (CRO) specializing exclusively in the field of oncology. ACT Oncology provides drug development services focused on the design and execution of clinical trials on behalf of innovative life sciences companies and not-for-profit patient organizations.
ACT Oncology is an industry leader in oncology clinical trials with unparalleled experience conducting studies across all tumor types and hematology indications. ACT Oncology’s capabilities complement and significantly expand Precision’s strengths in biomarker-driven, precision drug development. Precision is an innovator in biomarker research with depth and expertise in genomics, bio-informatics, assay development, specialty lab services, global specimen logistics, and companion diagnostics. Together, Precision and ACT Oncology create the first comprehensive, fully integrated precision oncology clinical development solution, combining the highest standards in clinical trial management with the most advanced biomarker capabilities and processes.