| Aptive Announcement
FOR IMMEDIATE RELEASE
CONTACT: Gillian DellaCioppa
Phone: (508) 597-6238
Email: inquiry@aptivsolutions.com
Aptiv Solutions Announces Launch of a Unique
Global Biopharmaceutical and Medical Device Development Services Company
With a Focus On the Decade Ahead
Great Falls, Virginia, February 16, 2011 - Chairman and CEO Patrick K. Donnelly today
announced the launch of Aptiv Solutions, a global biopharmaceutical and medical
device development services company focused on recognizing, understanding and
enabling clients to capitalize on rapid and fundamental changes facing companies
developing products in the pharmaceutical, biotech and medical device market.
Aptiv Solutions was created by the merger of six leading biopharmaceutical and medical
device development services companies. It combines industry-leading software and
executional expertise for harnessing the power of adaptive clinical trials, the advanced
capabilities and process knowledge of drug and medical device development experts,
and the flexibility of a global Clinical Research Organization.
Aptiv Solutions grew out of a first-hand recognition of the pressures and challenges
facing drug and medical device developers - and the belief that a more dynamic
paradigm for development is long overdue in the biopharmaceutical services industry.
According to Donnelly, formerly the CEO and one of the founders of PRA International,
"the difficulties facing companies developing products in life sciences have intensified.
Companies that continue to rely on conventional techniques risk missing out on new,
rewarding opportunities that accelerate their alternatives."
Regulatory authorities, biopharmaceutical companies and medical device
manufacturers are increasingly recognizing that new approaches are required to
significantly improve their ability to more efficiently develop products. "Fortunately,"
Donnelly said, "many of these innovative approaches exist today. And Aptiv Solutions is
actively bringing them together."
"We don't believe in standing still," added Peter Gonze, Executive Vice President for
Business Development, "We have structured our organization to take advantage of
pioneering approaches to drug development and we will continue to evolve and adapt
our service offerings to help our clients bring their products to the market. Right now, we
are helping our clients thrive in the development and regulatory landscape that exists
today - while we are also helping them anticipate the changes that will emerge in the
years to come."
Aptiv Solutions integrates the resources and expertise of Averion International, Trio
Clinical Research, Fulcrum Pharma, ClinResearch, Niphix and ADDPLAN. The merger
is led by a group of investors including SV Life Sciences ("SVLS"), a venture capital
adviser and manager providing financing to businesses across the human life sciences
sector; The Halifax Group, a private equity firm that specializes in partnering with
entrepreneurs to recapitalize middle-market businesses; and the Comvest Group, a
private investment firm focused on providing debt and equity solutions to middle-market companies.
The new global company provides innovative, comprehensive and proven development
capabilities, built on an extensive portfolio of services and a worldwide team of more
than 700 professionals.
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