Company for sale
- Size: Small
- Revenue:<1 million EUR
- Established: Over 20 years ago
- Stake for sale: A majority stake of 100%
- Location of this pharma manufacturer: Germany
- #CFIE PHS049
Overview of this medical device CRO for sale in Germany
This medical device CRO in Germany has built a strong reputation for high quality, excellent service, delivery, and client orientation among an established client base across the EU over more than two decades. Its expertise in meeting the stringent EU & German regulations for medical devices provides several avenues for revenue growth, from core clinical trial management for medical devices to scientific publication or notified body fees.
Profile (strategy) of this medical device CRO for sale in Germany
This CRO’s focus on the niche clinical trial market for medical devices accounted for profitable growth for well over a decade.
With the advent of the EU’s Medical Device Regulation 2017/745 (MDR) in 2017, the CRO expanded its PhD staff and moved to a larger location in anticipation of business growth from new MDR business. A similar strategy for the German MPG Act had proved successful in earlier years.
Now that the investment in new PhD staff hiring and training has been completed, a new phase is unfolding with good prospects for strong, and profitable growth. In this connection, the sole owner (an MD) made the decision to sell to another CRO or pharma consultancy industry firm, that can take this CRO to the next level. At the same time, the owner plans to stay behind during the transition period as a guarantee of orderly integration into a new group.
With the expected approval of its application for notified body (NB) authorization, a new source of consultancy revenue will be added later in 2021.
Potential synergies offered include complementary services in the profitable CRO niche for medical device trials, an established client base in Germany and the EU, and its well-trained PhD staff.
Subscribe for similar companies for sale
Subscribe now and we will inform you when similar companies for sale come up!
Activities and products of this medical device CRO for sale in Germany
This medical device CRO in Germany has a comprehensive clinical service offering, like trial management, clinical evaluation reports, MPG-compliant quality management, or submissions to ethics committees. Additionally, training services in these highly specialized domains are included in contracts with clients.
MDR-related services include:
• Support for:
o Post-market clinical follow-up (PMCF plan/report)
o Post-market surveillance (PMS plan/report)
o Summary of Safety and Clinical Performance (SSCP)
• Documentation preparation according to MDCG guidelines (medical device coordination group)
• Assistance in and evaluation of post-market clinical activities
• Consultancy and training
The above services cover medical devices like different types of implants, orthopedics products, wearables, and medical apps in therapeutic areas ranging from nephrology, gynecology, dermatology, or surgery, among many others.
Highlights of medical device CRO for sale in Germany
- Clear opportunity in the EU medical device CRO niche
- Experienced, well-trained staff for running MDR-compliant clinical trials
- Lower mid-market ticket, suitable for expanding CRO corporations
- Highly-complementary service offer for traditional pharma CROs, PV consultancies, medical writing, and biostatistics firm seeking growth through a more complete service offer, geographic expansion, and larger clients
More information on this pharmaceutical CRO company for sale in Europe
Please get in touch if you are interested in learning more about this pharmaceutical CRO company for sale in Europe. For more cro companies for sale please visit the section cro companies for sale. For other cro buyers, please visit the section cro companies wanted. If you are instead interested in pharma companies for sale, please visit the pharma companies for sale section. For pharma buyers, please visit the section pharma companies wanted.