CRO Veristat shifts Massachusetts headquarters amid booming growth

By Zachary Brennan

- Last updated on GMT

Massachusetts state flag
Massachusetts state flag

Related tags Contract research organization

Full-service CRO (contract research organization) Veristat will move its corporate headquarters from Holliston, Massachusetts, to Southborough, Massachusetts, this summer as the company has outgrown its old space. 

The company says the growth is tied to a shifting demand for full-service clinical research offerings from pharma and biotech clients that previously partnered with the company for a single service.

Patrick Flanagan, CEO of Veristat, told Outsourcing-Pharma.com that the company has “literally​” outgrown its space, with headcount increasing 300% in the last two years. He also said the new space is strategically closer to the CRO’s clients.

The bulk of our new deals are more strategic partnerships covering multiple services​,” Flanagan added, noting two recent preferred provider agreements with Karyopharm and Molecular Templates, as well as “many others which have not been publicly announced as well as a number in the works​.”  

The shift comes as clients are moving away from engaging Veristat for single services to “more integrated full-service and strategic functional roles in addition to awarding us multiple programs in their development portfolio.  We’ve responded to this shift by expanding our services and maturing a full-fledged Clinical Operations team​,” he added. 

The new space in Southborough, MA, will add to the company’s additional offices in Cambridge, MA, and Montreal, Canada. Veristat also says it has plans to expand its current operations in the San Francisco Bay Area with the opening of a new office.

Historically, clients came to Veristat for our Data Management, Biostatistics, Medical Writing and Regulatory Submissions services. More and more clients now engage us to manage their entire trials, so we are getting involved earlier with program design, regulatory agency engagement, and study start-up activities​,” Flanagan said. “We are managing entire studies with full clinical operations, biometrics, and regulatory submission support​.” 

Related news

Show more

Related products

show more

Using Define-XML to build more efficient studies

Using Define-XML to build more efficient studies

Content provided by Formedix | 14-Nov-2023 | White Paper

It is commonly thought that Define-XML is simply a dataset descriptor: a way to document what datasets look like, including the names and labels of datasets...

Overcoming rapid growth challenges with process liquid preparation

Overcoming rapid growth challenges with process liquid preparation

Content provided by Thermo Fisher Scientific - Process Liquid Preparation Services | 01-Nov-2023 | Case Study

A growing contract development manufacturing organization (CDMO) was challenged with the need to quickly expand their process liquid and buffer preparation...

Why should you use clinical trial technology?

Why should you use clinical trial technology?

Content provided by Formedix | 01-Nov-2023 | White Paper

New, innovative clinical trial technology is helping to revolutionize the research landscape. COVID-19 demonstrated that clinical trials can be run much...

Related suppliers

Follow us

Products

View more

Webinars