hVIVO, a fast-growing early-stage German contract research organization (CRO) has acquired two clinical research units from Clinical Research Services (CRS), in Mannheim and Kiel, Germany, for a total of 10 million euros ($10.5 million).
The company said this is the first step in hVIVO’s M&A strategy and further diversifies hVIVO’s services to include in-patient Phase I and Phase II trials across a broader range of therapeutic areas.
It establishes significant footprint in Europe with 120 total beds – CRS Mannheim is one of the largest clinical trial facilities in Germany with 94 beds.
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