Precision For Medicine Acquires Baseline Controls, Expanding The Company'S End-To-End Manufacturing Solutions For Life Science Companies
Jun 27, 2023•over 2 years ago
Acquiring Company
Precision for Medicine
Acquired Company
Baseline Controls
Description
Precision for Medicine, the first global biomarker-driven clinical research and development organization, today announced that it has acquired Baseline Controls, a Raleigh, North Carolina-based company that provides dedicated engineers with specialized expertise in project feasibility, execution planning, and baseline performance management. Baseline Control's expertise will become part of Project Farma, Precision for Medicine's existing biomanufacturing strategy and execution group, expanding the scope of its manufacturing solutions for life science companies and driving greater speed and efficiency in bringing new drugs to market.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed