US firm acquires Centre for Clinical and Basic Research  

2006.07.10
Center for Clinical and Basic Research based in Ballerup near Copenhagen has been acquired by Synarc, a US firm headquartered in California, for an undisclosed sum

Center for Clinical and Basic Research (CCBR) based in Ballerup near Copenhagen has been acquired by Synarc, a US firm headquartered in California, for an undisclosed sum. CCBR specialises in research into conditions and diseases which can occur after the menopause, especially osteoporosis. In its last fiscal year, CCBR generated gross profits of DKK 122 m (USD 20.7 m), and pretax profits of 71 m (USD 11.4 m).

Head of CCBR, Claus Christiansen MD, comments on the acquisition: "Synarc and CCBR will become a powerful organisation with 1,000 people employed and revenues of just under DKK 1 bn. Predictions are that it will grow quite strongly, and if you add up the expectations of both companies there will be a 40% growth in the coming years." Claus Christiansen will continue to head CCBR.

CCBR has research clinics in Denmark, Estonia, Lithuania, the Czech Republic, Brazil, Poland, Mexico and China. Staff includes medical doctors, nurses, radiographers and bioanalysts. CCBR conducts both basic research and contract research. The news was reported by national daily newspaper Jyllands-Posten.

Link > CCBR 

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