Overview
CATO SMS has acquired Wilmington, NC-based Array Biostatistics to expand its offering of specialized clinical research solutions.
Significance
Both Array and CATO SMS offer highly specialized services that expedite and support drug development for small and emerging biopharmaceutical companies. By acquiring Array, CATO SMS adds expertise and scale to its full-service biostatistical consulting, analysis, and programming capabilities.
Crosstree’s Role
Crosstree acted as Array’s exclusive financial advisor, finding the right match to meet Array’s goals of:
- Continuing personalized client interactions
- Maintaining a strong voice in strategy and goal setting
- Forging partnerships to meet growth potential
We needed to find a partner who would support our growth while allowing us to maintain our voice in strategy and goal setting and our commitment to personalized client interactions. Crosstree’s expertise and network in the biostatistics and CRO space helped us find CATO SMS, the perfect match of complementary culture, synergies, and strategy.
SANDY FERBER
CEO & President, Array Biostatistics