Fierce Biotech May 27, 2024
OCT Global SA and Palleos Healthcare have merged under the Palleos brand name, the European contract research organizations announced in a May 27 release. Financial details were not disclosed.
“The merger will undoubtedly create significant synergies, not just doubling but squaring the expertise of both companies,” Philip Räth, Ph.D., managing director at Palleos, said in the release.
He added that the merger is also advantageous from a geographical perspective: Germany-based Palleos operates primarily in Western and Central Europe, while OCT’s territory covers eastern countries.
“Both together now...
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