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Tigermed Pays $50 Million to Acquire Frontage Labs, a US/China CRO

publication date: May 7, 2014
Hangzhou Tigermed Consulting, a China clinical-stage CRO, will add pre-clinical capability to its service offerings by acquiring a 70% stake in Frontage Labs, headquartered in Pennsylvania, for $50.2 million. Frontage Labs provides both pre-clinical and clinical CRO services through its facilities in Pennsylvania and the Zhangjiang Hi-Tech Park in Shanghai. Tigermed said Frontage would continue to operate independently, with its current management team, led by CEO Dr. Song Li, remaining intact. More details....

Stock Symbol: (SHE: 300347)

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