STRATA ADVISES THE SHAREHOLDERS OF SIMBEC HOLDINGS LTD

STRATA ADVISES THE SHAREHOLDERS OF SIMBEC HOLDINGS LTD

Strata advises the shareholders of Simbec Holdings Ltd on the sale of Simbec Research Limited to Algorithme Pharma.

Strata advises the shareholders of Simbec Holdings Ltd on the sale of Simbec Research Limited to Alg

Strata Partners is pleased to announce that Algorithme Pharma, based in Laval, Quebec, has acquired Simbec Research Limited, a Clinical Research Organisation (CRO). Simbec, which is based in Merthyr Tydfil, Wales, will operate as Algorithme’s European facility. Terms of the acquisition were not disclosed.

Commenting on the transaction, Brian Hallisey, Managing Director of Simbec, said: “The combination of Simbec Research and Algorithme Pharma offers great promise, both for our employees and our clients and we are delighted to be adding our Phase I expertise to Algorithme’s existing capacity. Having established a strong business in the area of Clinical Research and Development we now look forward with confidence to a future as part of the enlarged Algorithme Pharma Group of companies”.