INC Research Acquires MDS Pharma Services Phase II-IV operations
Published: 01-Jul-2009
Divestiture is viewed as a result of MDS's ongoing strategic review process
MDS has completed the divestiture of its phase II-IV operations to INC Research. Under the terms of the agreement, INC Research has acquired MDS Pharma Services' phase II-IV operations, which includes approximately 800 employees who conduct clinical trials in more than 25 countries.
The company expects to provide additional detail with respect to the divestiture of its phase II-IV operations, together with the financial results for its fiscal third quarter .
The company said that its decision to sell its MDS Pharma Services, which consists of phase II-IV operations and Central Labs, are a result of its ongoing strategic review process.
Stephen DeFalco, President and CEO of MDS, said: The completion of this transaction supports our efforts to advance MDS Pharma Services' top-three leadership position in the delivery of Early Stage services.
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