Clinical Trial Site Company
Location: California
Industry: Health and Medical > Other Health and Medical
Financials
Gross Revenue: $1,000,000
Cash Flow: $360,000
Business Summary
The Company was first formed in 2002, and has grown rapidly as a provider of clinical trial services in support of both Pharmaceutical Companies and Contract Research Organizations (CROs). The company was founded in order to satisfy the scientific interest of the owners, three of whom are medical doctors, and as a source of additional revenue. The company has prospered as a result of its ability to satisfy an increasing demand for professional, reliable clinical trial services. Since opening its doors, the company has experienced steady revenue growth and realized impressive profit margins.

The Company specializes in the enrollment of trial patients with the following conditions: diabetes, high blood pressure, hypertension, cholesterol, infection, depression, pain and arthritis. The available patient base in the community has been conducive to meeting the needs of sponsors and CRO’s working on these conditions. These “Treatment Trials” may test new drugs, or new combinations of drugs.

The Company’s reputation and ability to command trial opportunities is a strong foundation to build upon. It will be essential to continue the pro-active engagement in the community to drive further growth. An acquirer who has ready access to patients with other medical conditions would likely be able to attract additional trial/revenue opportunities. Seeking out other patient bases should be an important objective for any new owner.
About the Business
Year Established: 2002
Employees: 6 full time -
Facilities: The Company operates out of a 6,000 square foot commercial property located on the third floor of a building. The first floor tenant is Bank of America. A sign in the bank lobby offers free medical screenings for the most common trial conditions. Walk-in screenings are frequently converted into trial patients due to this proximity to high traffic flow.
About the Sale
Management Training and Support: Owner will be available to assist in the transition process

List Your Business for Sale | This listing has been viewed 225 times

advertisement
Listing Tools
BizQuest ID:894564
Seller ID:Clinical Trial
Business Listed By
Name:Larry Willis
Company:The Independence Group
Recommended Resources
Sponsored Links
The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.