Did Medpace Restrucutre Before Ipo

Did medpace restrucutre before ipo

Medpace (alt. MedPace) is a midsize, clinical contract research organization (CRO) based in Cincinnati, Ohio.[2][1][3] it provides services for Phase I-IV of drug and medical device development services including regulatory services and central laboratory services. The company started trading stock as a public firm in 2016.

History[edit]

Dr. August Troendle founded Medpage in Cincinnati, Ohio in 1992 as Medical Rearch Services.[4] Dr.

Clinical-Development Company Medpace Files for IPO

Troendle first became interested in the CRO sector after working in both the regulatory and pharmaceutical area. He began his career as a reviewer with the FDA, specializing in the development of lipid lowering therapies to treat high cholesterol.

Medpace with a team of industry physicians, Dr. Jonathan Issacsohn and Dr.

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Evan Stein completed many early studies while at Medpace and Medpace Reference Laboratories on the use of statin therapies for the treatment of hypercholesterolemia.[5] Another Medpace physician, Dr.

David Orloff is regarded as an industry opinion leader in the study of metabolic diseases - most specifically diabetes and obesity.[6] Dr. Troendle was honored for his work as a Medpace founder in 2012 by the Cincinnati Chamber of Commerce.[7]

Medpace completed construction on a new campus in 2012 in Madisonville, a village in the city of Cincinnati.[8] This was a project completed in cooperation with Madisonville, the City of Cincinnati Department of Economic Development, and the State of Ohio.

Did medpace restrucutre before ipo

The project encompassed revitalizing an urban brownfield site formerly occupied by NuTone, and creating a state of the art LEED certified campus.[9]

Acquisitions[edit]

  • 2007-Medpace acquires Monax in the Czech Republic[10]
  • 2009-Medpace acquires PharmaBrains AG in Switzerland
  • 2010-Medpace acquires Symbios, a medical device consultancy in Minneapolis, MN[11]
  • 2010-Medpace acquires Medical Consulting Dr.

    Schlichtiger, GmbH, in Germany[12]

  • 2012-Medpace acquires MediTech BV, a medical device consultancy in the Netherlands.[13]

Ownership[edit]

In 2011, CCMP Capital acquired 80% of the firm for US$285 million.[14] Three years later, in February 2014, CCMP auctioned their 80% stake in the firm, the winner of which was Cinven, who paid US$900 million.[4][14] Two and a half years after Cinven's purchase, Medpace closed its initial public offering on August 16, 2016 after selling 8,050,000 shares of common stock, becoming a public, shareholder-owned concern.[4]

Recognition[edit]

In May 2009, Medpace was recognized by CenterWatch, a CRO industry publication as a top CRO by investigative sites.[15]

In 2011 and 2012 Medpace was given the Eagle Award, an industry award by investigative sites for criteria including professionalism, partnership, efficiencies and financial considerations[16]

Further reading[edit]

References[edit]

  1. ^ abcdAycock, Jason (24 June 2016).

    "Medpace Holdings files to raise up to $150M in IPO".

    Did medpace restrucutre before ipo

    Seeking Alpha. Retrieved 2016-06-26.

  2. ^Vinluan, Frank (14 June 2011).

    Main navigation

    "Mid-sized CROs perform as good or better than larger ones, survey says". MedCity News. New York, New York: Breaking Media. Retrieved 31 Aug 2019.

    Medpace Prices At High End, Expected To Maintain IPO Hot Streak

  3. ^"S-1". EDGAR. 24 June 2016. Retrieved 2016-06-26.
  4. ^ abcBrunsman, Barrett J.

    Dp10157 competition in the cryptocurrency market

    (22 August 2016). "Cincinnati CEO buys $20M worth of stock in IPO". Cincinnati Business Courier. American City Business Journals. Retrieved 31 Aug 2019.

    Did medpace restrucutre before ipo

  5. ^Jonathan Isaacsohn M.D., William Insull JR., M.D., Evan Stein M.D.Ph.D., Peter Kwiterovich M.D., Ma Patrick M.D., Ronald Brazg M.D., Carlos A. Dujovne M.D., Michael Shan PH.D., Elizabeth Shugrue-Crowley B.S., Steven Ripa M.D., Robert Tota M.D. (February 3, 2009). "Long-Term Efficacy and Safety of Cerivastatin 0.8 mg in Patients with Primary Hypercholesterolemia". Clinical Cardiology. 24 (Supplement S4): 1–9. doi:10.1002/clc.4960240902.

    PMC 6655191.CS1 maint: multiple names: authors list (link)

  6. ^Orloff, David. "Interview with Dr. David Orloff".

    Most Popular Videos

    August 23, 2011. Pharmaceutical Business Review. Retrieved 10 April 2013.

  7. ^Hirt, Amy. "Courier Contributor".

    Hear the latest industry news first. Sign up for our daily newsletter.

    Cincinnati Business Courier. The Business Journals Digital Network. Retrieved 9 April 2013.

  8. ^"Medpace Construction Ranks 3rd behind downtown mega projects".

    April 2010.

    Did medpace restrucutre before ipo

    Retrieved 10 April 2013.

  9. ^"Brownfield Redevelopment". www.cincinnati-oh.gov. Archived from the original on 28 August 2013. Retrieved 9 April 2013.
  10. ^"http://www.pharmatimes.com/Article/07-08-22/Medpace_acquires_Czech_CRO_Monax.aspx". August 2007.

    Retrieved 10 April 2013.

  11. ^"Medpace acquires Symbios Clinical". April 8, 2010.

    IPO Valuation Model

    Pharmacy News EU. Retrieved 11 April 2013.

  12. ^"Medpace acquires European CRO".

    Medpace IPO Jumps 20%, Adding More Fuel For Growth In New Issues

    January 2010. Retrieved 10 April 2013.

  13. ^Morrison, Natalie (November 2012). "http://www.outsourcing-pharma.com/Commercial-Services/Medpace-boost-EU-device-offering-through-Meditech-takeover". Outsourcing Pharma.

    Big Data Companies And Data Analytics: The Stocks To Buy And Watch

    Retrieved 11 April 2013.

  14. ^ abRoumeliotis, Greg (23 February 2014). "Cinven to acquire Medpace in $900 million deal: sources". Reuters.

    Did medpace restrucutre before ipo

    Retrieved 31 Aug 2019.

  15. ^"U.S. Sites Rate Medpace, Kendle, ICON as Top CROs in 2009". June 2009.

    This is what stands out in $150M IPO filing for CRO Medpace

    Retrieved 9 April 2013.

  16. ^"Clinical research sites honor Eli Lilly and Medpace with the Eagle Award". CenterWatch. June 2012. Retrieved 9 April 2013.

External links[edit]

Official website

Did medpace restrucutre before ipo