RESTON, Va., May 22 /PRNewswire-FirstCall/ -- PRA International , one of the world's leading clinical research organizations (CROs), said today that it has closed its previously announced acquisition of Sterling Synergy Systems Private Limited, a CRO based in Mumbai and Pune, India.
"This acquisition establishes a solid foundation for PRA in India and greatly increases our access to clinical sites, investigators and patients," said President and CEO Pat Donnelly. "We are already building out our infrastructure and actively recruiting additional clinical operations and data management staff to expand our presence in the country."
PRA's clinical operations in India will be based in the Mumbai office while the company will house a data management center in Pune. With the Pune center, PRA will be able to provide integrated around-the-clock data management capability, augmenting its existing facilities in Lenexa, Kansas; Victoria, British Columbia; and Swansea, Wales.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements that are subject to risks and uncertainties relating to PRA International's future financial and business performance, as well as any other predictive statements dependent upon future events or conditions, or that include words such as "expect," "anticipate," "intend," "plan," "believe," "seek," "may," "will," "estimate" or similar expressions of futurity. You should not place undue reliance on any forward-looking statements, which represent the Company's statements only as of the date of this news release and are not intended to give any assurance as to actual future events. Factors that might cause future events to differ include: our ability to attract and retain qualified personnel; the ability to integrate our newly acquired entity; and general economic and business conditions. Events relating to PRA International could differ materially from those anticipated in these forward-looking statements and general business and economic conditions. Although these statements are based upon assumptions the Company believes to be reasonable based upon available information, they are subject to the foregoing risks and uncertainties as well as those described more fully in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of our annual report on Form 10-K. This document can be accessed in the SEC's EDGAR database found at http://www.sec.gov . Please note that PRA International assumes no obligation to update any of the forward-looking statements in this release, except as required by applicable securities laws.
About PRA International
PRA International is one of the world's leading global clinical development organizations, with over 2,400 employees working from offices in North America, Europe, South America, Africa, Australia, and Asia. PRA, an ISO 9001:2000 registered company, delivers services to its clients through a unique approach called Project Assurance(R), which represents the Company's commitment to reliable service delivery, program-level therapeutic expertise, easy, global access to knowledge, and involved senior management.
To learn more about PRA International, please visit http://www.prainternational.com or call our World Headquarters at +1 (703) 464-6300.
PRA InternationalCONTACT: John Lewis, Director-Marketing and Public Relations of PRAInternational, +1-703-464-6338, lewisjohn@praintl.com
Web site: http://www.prainternational.com/
