Quintiles Transnational is expanding its presence in Latin America with the purchase of a Panamanian clinical research organization.
Privately held Quintiles, headquartered in Durham, says its buy of Bio-Trials gives it offices in Costa Rica, Guatemala, Ecuador and Peru in addition to the company's Panama headquarters.
The deal brings the total number of employees in Quintiles' Latin America division, headquartered in Argentina, to almost 600.
Terms weren't disclosed.
"The acquisition of Bio-Trials gives Quintiles an experienced, well-established team as well as access to an experienced network of independent investigators in the increasingly important Central American region," Jeff Thomis, president of global clinical development services, said in a written statement.
Clinical research organizations such as Quintiles, the world's largest, test drugs and medical devices before they reach the market. Quintiles has 19,000 employees worldwide, about 1,300 of whom work in the Triangle.
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Clinical research organizations such as Quintiles, the world's largest, test drugs and medical devices before they reach the market. Quintiles has 19,000 employees worldwide, about 1,300 of whom work in the Triangle.">
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