Clinipace Worldwide acquires Asian company

03/11/2014 10:46 AM

02/15/2015 10:41 AM

Rapidly expanding Clinipace Worldwide has expanded its overseas operation with the acquisition of Choice Pharma, a 120-employee company based in Hong Kong. Financial details weren’t disclosed.

The acquisition, Clinipace’s fifth in recent years, gives it new offices in Taiwan, China, Hong Kong, South Korea, Vietnam, Singapore and Malaysia. And it pushes its workforce to 640 employees in 30 countries.

Choice Pharma’s managing director, Chris Wang, will manage day-to-day operations in Asia and report to Clinipace CEO Jeff Williams.

Clinipace is a contract research organization that helps pharmaceutical and biotechnology companies test experimental drugs. The company’s workforce expanded by 50 employees last year.

Williams said in a statement that the acquisition of Choice Pharma was a response to “high demand by clients for operations in Asia.” He added that Choice Pharma has “a great reputation for quality and an experienced management team.”

Staff writer David Ranii

Join the Discussion

News & Observer is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Terms of Service