Asia-based CRO group secures investment from private equity

By Melissa Fassbender

- Last updated on GMT

(Image: iStock/JavierHuras)
(Image: iStock/JavierHuras)

Related tags Generic drug Pharmacology

TPG has acquired a majority stake in the OPC Holding Company – a network of companies providing services across the clinical development pipeline.

OPC Holding Company (OPC) has three major subsidiaries including Protech Pharmaservices Corporation (PPC), A+ Inc., and APC.

PPC provides early stage development services, including Phase I pharmacokinetics (PK) and bioequivalence (BE) trials. A+ Inc. is a Pan-Asian-based CRO that focuses on later-stage development services. Initiated in February 2017, APC is a joint venture with Xuzhou Medical University and includes a specialized BE/Phase I unit.

The companies’ presence spans mainland China, Taiwan, South Korea, and Japan.

As part of the transaction, terms of which were not disclosed, OPC’s founder Jason Chen will transition to the role of chairman.

Mr. Jason Chen and the management team have built OPC into one of the leading CROs in Taiwan​,” commented Scott Chen, partner at TPG in the company’s press release.

On the back of new regulations that aim to raise drug quality to international standards, China’s pharmaceutical industry has entered a new phase of innovation-driven growth. This new regulatory context includes the requirement for a large portion of generic drugs to, within a tight timeframe, re-conduct bioequivalence trials creating demand that outstrips existing supply​,” Chen added.

TPG also recently invested in the Sydney-based CRO, Novotech.

The firm has previously invested in IMS, Quintiles, and EnvisionRX as well as Adare, Aptalis and Par Pharmaceutical, among others.

TPG did not respond to a request for comment.

Related news

Show more

Related products

show more

The Right CDMO Can Unlock Faster Drug Development

The Right CDMO Can Unlock Faster Drug Development

Content provided by Lonza Small Molecules | 15-May-2023 | Interview

Drug development presents biotech companies with ever-changing challenges. Enabling a faster end-to-end process requires seamless flexibility and extensive...

SDTM supplemental qualifiers explained

SDTM supplemental qualifiers explained

Content provided by Formedix | 12-May-2023 | White Paper

What are SDTM supplemental qualifiers? In short, these are variables in non-CDISC datasets that cannot be mapped to a variable that matches the SDTM standard....

Plan for success with process liquid and buffer preparation

Plan for success with process liquid and buffer preparation

Content provided by Thermo Fisher Scientific - Process Liquid Preparation Services | 25-Apr-2023 | White Paper

Setting the groundwork for successful scale-up is essential for getting a therapeutic to market quickly and efficiently, but navigating the unknowns associated...

Related suppliers

Follow us

Products

View more

Webinars