Wednesday, March 1, 2017
Clinical Supplies Management Begins European Expansion
Great Point Partners is a Greenwich, Connecticut-based investment firm that targets both the public and private health care sectors. For over a decade, Great Point Partners has invested in firms that are advancing the quality and accessibility of innovative health care products.
A recent growth recapitalization facilitated by GPP has allowed Clinical Supplies Management (CSM), a provider of clinical trial services and solutions, to expand its offerings across the Atlantic Ocean. In December 2016, the company announced the acquisition of Theorem Clinical Research-Clinical Supplies (TCS), a German clinical services firm. Headquartered in Frankfurt, the former Chiltern International subsidiary provides services for the full clinical life cycle, including packaging, reconciliation, and distribution. Its inclusion within CSM’s growing portfolio will greatly enhance the firm’s ability to serve clients throughout western Europe.
The new partnership between CSM and the Theorem team not only will allow CSM to increase its European presence, but also provides TCS with a gateway to North American clinical clients and resources. Following the acquisition, TCS executive director Rüdiger Weber will draw on his expertise in the sector to head the bourgeoning European operations of CSM.