FHI Clinical Inc. announced its intent to acquire Triclinium Clinical Development Proprietary Limited (TCD), a full-service, South African-based CRO and a subsidiary of EOH, one of the largest technology services companies in Africa. With this transaction, FHI Clinical will employ more than 425 global staff representing 12 countries.
Headquartered in Centurion (Gauteng), South Africa, TCD has significant access to the South African market—a competitive market with significant growth opportunity. South Africa accounts for most of the clinical trial activity in sub-Saharan Africa with the majority being infectious disease (ID) therapeutic studies. With approximately 285 employees already based in East and West Africa, FHI Clinical sees a unique opportunity to further expand its share of the ID market and become the dominant service provider in sub-Saharan Africa.
“TCD’s experience and credibility in the South African market, marked by long-term client relationships and follow-on business, is a fit for our strategic vision,” said Ted FitzGerald, FHI Clinical CEO. “In addition to therapeutic alignment as an infectious disease CRO, TCD also provides the opportunity to expand our organizational ability to conduct trials in low- and middle-income countries better positioning us to repeat that success anywhere in the world.”
Founded in 2000, TCD has been awarded contracts from both large pharma and smaller biotechs across a variety of therapeutic areas, including ID studies such as malaria and HIV, and has a long history and particular expertise in tuberculosis trials. Current studies in TCD’s portfolio include both innovative vaccines and treatments spanning all phases of clinical research from single-dose Phase I trials to large multi-site Phase 3 and Phase 4 trials.
“We knew FHI Clinical would be the best strategic fit for our organization as we have enjoyed a decade-long collaborative working relationship as preferred providers of the Global Health Clinical Consortium (GHCC),” commented Abraham Van Wyk, CEO, TCD. “We’re excited to bring our complementary expertise and enhanced presence of regional experts to help showcase South Africa as a clinical trial destination.”
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