George Clinical announced the company acquired Vector Oncology's Pharma Services (CRO) Division. Effective immediately, the transaction has the dual purpose of strengthening the ability of George Clinical to provide scientifically led oncology trial delivery solutions throughout the Asia-Pacific and to expand George Clinical's operational expertise and scientific leadership in vascular, renal and respiratory diseases, neurology and endocrinology, throughout the United States.
"The acquisition of Vector's CRO Division represents an exciting opportunity for both organizations to combine world-class oncology expertise and well-established US operations with our extensive clinical service capabilities in the Asia-Pacific region," Dr Marisa Petersen, CEO of George Clinical, said. "George Clinical was one of the first organizations to truly embrace the opportunities of conducting clinical trials across the Asia-Pacific region. As the region has developed into a sophisticated and desirable clinical trial location, so too has George Clinical developed into a highly-adaptable and knowledgeable CRO, both regionally and globally. With the addition of Vector's Oncology CRO Division we will further pursue our strategic growth objectives to provide global oncology capabilities and to extend our ability to deliver early and late phase operational expertise and scientific leadership capabilities deeper into the US and Europe."
George Clinical is headquartered in Australia, operates in eleven countries around the world and has major operational hubs in East Asia, China and India. The acquisition of Vector's Oncology CRO unit will provide George Clinical with a US presence, from which operational activities can be led throughout North America and Europe.
While the formal acquisition takes effect immediately, there will be no disruption to the services of both organizations.
"This is an incredibly exciting opportunity to strengthen George Clinical's oncology offering and geographic reach. Our two organizations share many similarities in both operational expertise and strategic objectives," Glenn Kerkhof, Executive Chairman of George Clinical, said. "Tomorrow, it will be business as usual. Although there will be a period of transition over the next few months, we are confident that our staff and sponsors will embrace and benefit from this next phase in George Clinical's growth and development."