*LOI*Clinical Research Organization - National/International-PA Based
Business Description
**As of 2/4/25 LOI**
This is an opportunity to acquire a reputable full-service Clinical Research Organization,(CRO) for pharmaceuticals and for medical device programs, offering clinical, statistical and regulatory support from concept to market approval. The Company boasts a large number of returning clients, which ensures consistent demand and revenue year after year. Furthermore, their highly qualified staff of experts with over 25 years in the industry and a longstanding track record of excellence will provide a smooth transition for incoming ownership. Their geographic footprint includes clients in the U.S., Canada, and Europe.
Tremendous untapped potential exists in the extensive pipe of the incoming business, licensing of its proprietary technology and the establishment of a new revenue stream of software and data licensing. Moreover, given that the Company’s current client acquisition strategy relies mostly on word of mouth, implementing marketing and sales campaigns, coupled with hiring experienced personnel in clinical development, could lead to a seamless scaling of operations.
The current owners are seeking a full sale as they are nearing retirement and are searching for a new owner who will commit to scaling the business that they have established and led for over 25 years.
This is an opportunity to acquire a reputable full-service Clinical Research Organization,(CRO) for pharmaceuticals and for medical device programs, offering clinical, statistical and regulatory support from concept to market approval. The Company boasts a large number of returning clients, which ensures consistent demand and revenue year after year. Furthermore, their highly qualified staff of experts with over 25 years in the industry and a longstanding track record of excellence will provide a smooth transition for incoming ownership. Their geographic footprint includes clients in the U.S., Canada, and Europe.
Tremendous untapped potential exists in the extensive pipe of the incoming business, licensing of its proprietary technology and the establishment of a new revenue stream of software and data licensing. Moreover, given that the Company’s current client acquisition strategy relies mostly on word of mouth, implementing marketing and sales campaigns, coupled with hiring experienced personnel in clinical development, could lead to a seamless scaling of operations.
The current owners are seeking a full sale as they are nearing retirement and are searching for a new owner who will commit to scaling the business that they have established and led for over 25 years.
About the Business
- Years in Operation
- 30
- Employees
- 28
- Currently Relocatable
- Yes
- Market Outlook / Competition
- The CRO market continues to grow and analytics to be provided upon inquiry.
- Opportunities for Growth
- - By using current collaborations buyer could expand market penetration and customer reach
- Strengthen marketing efforts: Currently the business relies strongly upon word-of-mouth marketing and referrals for new client acquisition
- Software and data licensing: Potential untapped revenue stream from two proprietary technology solutions with trademark potential
- Expansion into new therapeutic areas
About the Sale
- Seller Motivation
- Owners are retiring
- Transition Support
- The owners are willing to remain at the Company for a mutually agreed-upon duration, to assist in the transition process
- Financing Options
- Negotiable-Open to listen
Listing Info
- ID
- 2148262
- Listing Views
- 4494
Listing ID: 2148262 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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