Chiltern announces acquisition of an independent USA based clinical research organization, Clinical Trial Management Services, Inc

30.10.2007

Established in 1989 by Dr. Robert Vann, John Vann and Ben Essary, CTMS has extensive experience conducting clinical trials in a wide variety of therapeutic areas with an emphasis on respiratory, gastrointestinal, central nervous system, infectious disease and ophthalmology indications. The company employs 190 people located in offices in Bristol and Winston-Salem, NC. John Vann, previously President and CEO of CTMS, today assumes overall leadership of Chiltern’s U.S. operations, becoming Executive Vice-President Americas. Dr. Robert Vann retires after a long and successful career in clinical research.

“We are looking forward to bringing together the complementary strengths and resources of Chiltern and CTMS” said Glenn Kerkhof, Chiltern’s Chief Executive Officer. “The acquisition increases our presence and expertise within the US and strengthens Chiltern’s position as a global CRO. CTMS and Chiltern have compatible cultures and are equally focused on delivering high quality services to the pharmaceutical, device and biotech industries. Detailed planning for the integration of our operations is underway and we are very confident of a smooth transition for customers, suppliers and employees alike”.

“We are delighted to have found in Chiltern a buyer that not only shares out commitment to excellence in clinical research and service delivery to clients, but also provides our employees with opportunities for growth and participation internationally” said John Vann. “We have been struck throughout by the compatible nature of our organizations and the essentially seamless way we can bring them together. We are excited by the quality, depth and range of services we will be bringing our clients and are proud to be part of the expanded Chiltern team.”

John Vann, Glenn Kerkhof and Nick Thornton. Ocotber 30, 2007

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