ClinPhone acquired !?
And the winner is … PAREXEL !
A couple of weeks ago we learned that Parexel has made an offer of $182 million to acquire ClinPhone, providing software to ease patient recruitment and manage clinical trial data.
Once Parexel made the offer back in June, Quintiles also got interested in the acquisition.
However Quintiles now steps back from the table and they will most likely develop in-house technology to reduce costs of trials.
It looks like Parexel can now complete the acquisition !
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