Algorithme Pharma

After Their U.S. Purchase, Algorithme Pharma Gains a Foothold in Europe Through the Acquisition of a New Clinical Research Location in the United Kingdom

    Laval, Canada (ots/PRNewswire) - The Laval-based firm Algorithme Pharma is pleased to announce that it has  achieved its goal of securing a European facility through its acquisition of Simbec Research Ltd in Merthyr Tydfil, Wales. This news comes only six weeks  after confirming the purchase of another clinical research centre in  Baltimore, Maryland.

    This important acquisition will enable Algorithme Pharma, a worldwide  leader in clinical research and bioanalysis, to continue its international  expansion plans, establish a foothold in Europe for the very first time in  its history and, most importantly, obtain additional advanced scientific and  medical expertise for its North American teams.

    "Given the considerable growth of our "international" clientele, it  became necessary to acquire a location in Europe in order to better serve our  fast-growing market once we had expanded to the United States. The  acquisition of this strategically-located and highly-respected clinical  research centre is the first step in our European expansion strategy and  provides us with an important base for future growth in the European market,"  explains President and Chief Executive Officer of Algorithme Pharma, Louis  Caillé.

    Simbec Research Ltd will continue its activities at its headquarters as a  new division of Algorithme Pharma. Simbec, along with two other Phase I  clinical research centres in the United Kingdom, was recently given the  official accreditation by the Medecine Healthcare Regulatory Agency (MHRA),  thereby joining a very select group of companies that has earned the trust of  governmental regulatory authorities. The Simbec centre has specialized in  Phase I and IIa drug development clinical trials for some thirty years.

    "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", adds Brian Hallisey, Managing  Director of Simbec Research Ltd.

    The new Phase I and IIa United Kingdom location for clinical research  includes a 38,000-square-foot facility with 48 beds (all used by the  Intensive Monitoring Unit), divided into five separate research units, making  it possible to carry out a number of studies simultaneously. With this  addition, Algorithme Pharma will increase its production capacity in Phase I  and IIa drug development clinical trials. Simbec is a leader in clinical  trials and bioanalysis and has been providing contract clinical research  services to large pharmaceutical research and development companies for over  30 years. The staff of the new Algorithme Pharma division in the United Kingdom is composed of a core team of approximately 100 employees who will  join those already working at company locations in Montreal and Laval, Canada  and Baltimore, United States.

    About Algorithme Pharma - As a worldwide leader in clinical research and  bioanalysis, Algorithme Pharma provides a wide range of services for  bioequivalence and early stage development (Phase I/IIa) studies to the  generic, pharmaceutical, and bio-technology industries. In addition to its  multi-unit clinical facilities in Canada, the United States and the United  Kingdom (more than 400 beds) and with its new dedicated state-of-the-art  facility for Phase I clinical trials in Montreal, Algorithme Pharma offers  different services including protocol designs, CTD/ICH clinical reports, data management, biostatistics, quality assurance (QA) and regulatory affairs.

    Successfully audited by US FDA, Canada's TPD, Brazil's ANVISA, France's  AFSSAPS, UK's MHRA and more recently Austria's AGES regulatory authorities,  Algorithme Pharma conducts over 275 clinical trials per year. Proud winner of  Canada's 50 Best Managed Companies since 2003, Algorithme Pharma's main  success resides in the flexibility and commitment of its 600 + dedicated and  knowledgeable employees to deliver first-class service to each client.

    For further information: Media relations: Ingrid Saumart, +1-514-490-0206,; Marius S. Brisson, President; Source: Mr. Louis Caillé,  President & Chief Executive Officer, Algorithme Pharma;

ots Originaltext: Algorithme Pharma
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For further information: Media relations: Ingrid Saumart,
+1-514-490-0206,; Marius S. Brisson, President;
Source: Mr. Louis Caillé, President & Chief Executive Officer,
Algorithme Pharma

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