Merger creates ‘world’s largest’ biometrics provider

By Maggie Lynch contact

- Last updated on GMT

(Image: Getty/AndreyPopov)
(Image: Getty/AndreyPopov)

Related tags: Mergers and acquisitions, biometrics, CRO, Cytel, Clinical research, Clinical trial

Analytical software provider and CRO, Cytel, and biostatistics company, Axio Research, merge to deliver analytical solutions for clinical research drug development challenges.

The companies have merged to form Cytel described as the ‘world’s largest’ biometrics-focused services company. The new entity will have 1,000 statisticians and data scientists working across the US, India, and Europe.  

The biometrics contract research organization (CRO) Cytel provides data-focused clinical research services and software. According to Joshua Schultz, CEO of Cytel, Axio Research’s background in biostatistics dovetails with its analytical capabilities. He added, “Sophisticated data and analytics have become ever more critical for our industry.”

Cytel aims to expand its clinical development solutions portfolio for pharmaceutical, biotechnology, and medical devices customers, according to the company.

Schultz said in a statement, “Our vision is to unite the combined expertise of our two companies to deliver powerful analytical solutions that address trial sponsors’ toughest drug development challenges and maximize the opportunities offered by emerging data sources.”

Axio will continue to operate under the name Axio as a Cytel company.  

Cytel’s growth before merger

In the past three years, Cytel has expanded its presence in both the US and Europe​ while working to bolster its biometric capabilities by increasing its employee count.

Most recently, in September 2017, Cytel announced its plans for an additional office in King of Prussia​, Pennsylvania.

In March of 2017, the company also expanded​ adding a pharmacometrics and quantitative pharmacology team to the company and model informed drug development to its service offerings.

Related news

Show more

Related products

show more

Covance Touchless Drug and Device Vigilance Vision

Covance Touchless Drug and Device Vigilance Vision

Covance Patient Safety | 01-Sep-2020 | Data Sheet

Automation tools enable organizations to identify patterns in structured and unstructured data and facilitate automation of the entire product vigilance...

Lessons Learned: Clinical Trials During a Pandemic

Lessons Learned: Clinical Trials During a Pandemic

PCM TRIALS | 01-Sep-2020 | Technical / White Paper

In a recent survey of clinical trial professionals (including pharmaceutical sponsors, CROs, site representatives and vendors), respondents reported that...

Related suppliers

Follow us

Products

View more

Webinars