Vivera Pharmaceuticals, Inc., congratulates its clinical research partner, Parexel International, on its $8.5 billion acquisition. The EQT IX fund and the private equity business within Goldman Sachs Asset Management recently agreed to purchase the clinical research organization and biopharmaceutical company.
Parexel is a leading global provider of clinical research and consulting services to the pharmaceutical and biotech industries. Known and operating worldwide, Parexel provides comprehensive drug development services, including clinical trial, regulatory, and market access services. With Parexel’s expertise, the pharmaceutical and biotechnology industry can deliver therapeutic solutions to the market both quickly and cost-effectively.
Parexel has been instrumental in providing clinical development strategy and planning for Vivera’s first Investigational New Drug (IND) Application and is following the clinical trial process through completion. To accelerate the development and commercialization of innovative therapies formulated with TABMELT®, Vivera’s licensed patented and patent-pending sublingual drug system, Parexel has been key in organizing, designing, and facilitating the clinical process.
“Vivera is part of a new age of pharmaceutical companies investing in research and development in pursuit of a transformational approach to patient treatment by providing safer alternatives to existing medications,” stated Paul Edalat, Chairman and CEO of Vivera Pharmaceuticals. “Our partnership with Parexel promises that the historically complex route for medications from clinical trials to patient access is organized while supporting safety, efficacy, and value for the patient.”
Vivera’s product pipeline includes oral medications and medications formulated in the TABMELT® sublingual drug delivery system. By bringing innovative new drugs to market through the clinical trial and commercial process, Vivera’s clinical research partnership with Parexel will offer new medication management options to patients and health care providers.
“Our experience working with Parexel has been a positive one,” said Dr. Stephen J. McColgan, Vivera’s Chief Medical Officer. “Their team has done a good job guiding Vivera through the clinical research process. With their direction, we are more efficiently bringing novel medications to treat a variety of indications using the TABMELT® delivery system to market.”
The Company is proud to be working with Parexel, and supports the value Parexel continues to provide to the health care industry and patients beyond its well-deserved valuation.