WDBMD acquires DZS Clinical Services, deal to leverage complementary CRO services, says CEO

10-Sep-2018 - Last updated on 10-Sep-2018 at 14:03 GMT

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DZS Clinical Services has been acquired by the global CRO WDMD in a deal that will expand its service offerings globally with the addition of coverage in Europe and Japan.

WDB Holdings’ subsidiary and contract research organization (CRO) WDB Medical Data (WDBMD) acquired DZS Clinical Services (DZS) and all its resources and processes.

Greg Ambra, president of DZS, told us the acquisition will leverage “synergies and complementary CRO services” between WDBND and DZS.

DZS provides clinical development and data analytic services, and the acquisition will “bolster its full-service CRO capabilities” while providing more coverage in Europe and Japan, according to Ambra.

The acquisition also will strengthen WDBMD’s capabilities and presence in the US. Ambra added, “WDBMD supplements DZS Clinical Services offering with pharmacovigilance and regulatory affairs services, in addition to access to a medical call center.”

The leadership team at DZS will remain intact and the company’s facilities in New Jersey will remain open with an additional office to be established in Sunnyvale, California.

Financial details were not disclosed.