November 4, 2013

Quintiles paid $146.5 million for Novella Clinical

Quintiles paid $146.5 million in cash for Novella Clinical of Morrisville - and could end up paying more. In addition to the up-front cash payment, Quintiles reported that it could also pay up to $21 million to shareholders of privately owned Novella if the business achieves unspecified revenue and new business targets over the next three years. Novella is operating under its own name as a unit of Quintiles.

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