Overview
United BioSource Corp. announced on April 21, 2005 that it acquired PharmaStar LLC.
Privately held PharmaStar, based in Wayne, Pa., provides investigator training and development services in support of the pharmaceutical and life sciences industry.
UBC of Bethesda, Md., delivers services to enhance the medical and commercial potential of pharmaceuticals, biologics, medical devices and diagnostics.
Significance
The acquisition is part of the UBC strategy of building integrated capabilities to meet growing demand by the pharmaceutical and biotech sectors for evidence-based services to demonstrate the effectiveness, manage safety, and document economic value associated with their products.
Crosstree’s Role
Crosstree Capital Partners served as exclusive financial advisor to PharmaStar, LLC.
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