PCI to buy clinical trial supply services firm Sherpa

11 September 2018 (Last Updated September 11th, 2018 12:47)

Biopharmaceutical outsourcing services provider PCI Pharma Services (PCI) has reached an agreement to purchase clinical trial supply services provider Sherpa Clinical Packaging to expand its US operational footprint.

PCI to buy clinical trial supply services firm Sherpa
The transaction is set to strengthen PCI’s clinical trial supply services portfolio. Credit: PCI Pharma Services.

Biopharmaceutical outsourcing services provider PCI Pharma Services (PCI) has reached an agreement to purchase clinical trial supply services provider Sherpa Clinical Packaging to expand its US operational footprint.

The acquisition is expected to support PCI’s clinical trial supply services portfolio and will add additional capabilities to support customers from the early phases of clinical development through to commercial launch.

Sherpa was founded in 2010 to provide clinical packaging services for the biopharmaceutical companies on the West Coast.

Equipped with cold chain technologies, it offers primary and secondary packaging, as well as labelling for Phase I-IV studies, distribution, storage and returns.

PCI’s CEO Salim Haffar said: “The acquisition of Sherpa is the next logical step in our clinical services expansion strategy, further enhancing our development-stage capabilities and geographic presence.”

PCI’s services include contract development and manufacturing, clinical supply and commercial packaging services.

“The acquisition of Sherpa is the next logical step in our clinical services expansion strategy.”

Over the last 12 months, the company has been engaged in expanding its global clinical services business, with Sherpa set to become its third acquisition during the period.

Other acquisitions include Irish contract packaging services company Millmount Healthcare and Australian firm Pharmaceutical Packaging Professionals (PPP).

Sherpa founder and CEO Mark Paiz said: “Sherpa’s success is due in large part to our commitment to deliver customers the highest levels of service, quality and reliability.

“I strongly believe PCI will continue to build on our success, as well as enhance Sherpa with its global network and market-leading reputation.”

The acquisition of Sherpa will add two more facilities to PCI’s network of 18 good manufacturing practice (GMP) facilities in seven locations.