logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

Precision For Medicine Acquires Baseline Controls, Expanding The Company'S End-To-End Manufacturing Solutions For Life Science Companies

Jun 27, 2023over 2 years ago

Acquiring Company

Precision for Medicine

Acquired Company

Baseline Controls

BethesdaMedicalBiotechnologyHealth CareConsultingBiotechnology

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.

Company Information

Company

Precision for Medicine

Location

Bethesda, Maryland, United States

About

Precision for Medicine is the first biomarker-driven clinical research and development services organization supporting life sciences companies in the use of biomarkers essential to targeting patient treatments more precisely and effectively. Precision applies a transformational approach to clinical research that integrates clinical trial design and execution with deep scientific knowledge, laboratory expertise, data sciences and advanced manufacturing solutions. This convergence is driving faster clinical development and approval.

Related People

Sign in to view contact details

Sign in to view contact details

M&A Insights

Based on deal data
Integration 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