LONDON (Thomson Financial) - Icon PLC said it has acquired Healthcare
Discoveries Inc, a unit of Catalyst Pharma Group Inc for an initial 12 mln usd
in cash, and added it will pay an additional 10 mln usd as performance
milestones in 2008.
Healthcare Discoveries operate an 85-bed clinical pharmacology unit in San
Antonio, Texas with experience of delivering early phase development programmes,
the outsourced development services provider said.
Chief executive Peter Gray said: "It gives us a clinical pharmacology
platform in the United States to complement our existing European Phase I
operations. As well as gaining an outstanding facility, we are bringing into
ICON an experienced team that has an excellent market reputation."
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