Icon acquires Mapi Group, ups financial guidances

By Melissa Fassbender contact

- Last updated on GMT

(Image: iStock/Kritchanut)
(Image: iStock/Kritchanut)
Icon plc is expanding its commercialization offerings through its has acquisition of Mapi Group, a global research company.

The Mapi Group was founded in 1974 and provides real-world evidence, strategic regulatory services, pharmacovigilance, market access, and language services to support commercialization.

Through the acquisition, Icon will also have access to Mapi Research Trust, a non-profit that provides outcomes research globally.

Per the company’s website, the Trust features more than 4,000 clinical outcomes assessments (COA), more than 40,000 COA translations, and a research library with more than 29,000 COAs.

Dr. Steve Cutler, Icon CEO commented in the press release: “Our customers will also benefit from ICON’s access to the industry’s broadest set of COA tools and instruments as well as new and enhanced real world data set​s.”

Following the acquisition, Icon has increased its earnings and revenue guidances.

According to the company’s earnings results, also published today, the earnings guidance has been increased from a range of $5.06 - $5.26bn to $5.18 - $5.38bn. Revenue guidance increased from a range of $1.70 - $1.75bn to $1.74 - $1.77bn.

Icon reported gross business wins of $649m in the second quarter and cancelations of $86m, which resulted in net business wins of $563 million and a net book to bill of 1.31.

Related news

Show more

Related products

show more

What should a clinical metadata repository do?

What should a clinical metadata repository do?

Formedix | 26-Jul-2021 | Technical / White Paper

Choosing a clinical metadata repository (MDR) software can be a tough task as the capabilities and features of your chosen MDR could make or break your...

Adapting supply chains to new ways of working

Adapting supply chains to new ways of working

World Courier | 15-Jul-2021 | Technical / White Paper

COVID-19 has changed the way we operate. We have adapted our supply chain solutions to meet our clients’ requirements while following World Courier standard...

Empowering Clinical Trial Sponsors with Analytics

Empowering Clinical Trial Sponsors with Analytics

PerkinElmer | 14-Jul-2021 | Technical / White Paper

Is your Clinical Data Review creating problems or solving them? Take Control of Your Data. PerkinElmer Informatics Clinical Solutions, powered by Tibco...

What are the building blocks of DCTs?

What are the building blocks of DCTs?

Medable | 26-Apr-2021 | Technical / White Paper

How to create a seamless experience across eConsent, eCOA and more.

Over the past year, tremendous progress was made toward digitizing and...

Related suppliers

Follow us

Products

View more

Webinars