Hesperion Acquires TouchStone Research Inc.

31-Aug-2006

Hesperion Ltd announced the acquisition of TouchStone Research Incorporated, a US CRO headquartered in Gaithersburg, MD. Hesperion has been active in conducting studies in North America since 1999. In early 2005, Hesperion opened a new office near Seattle, WA, and on June 1st, 2006 announced the appointment of Michael R. Gleeson as General Manager of Hesperion North America. The acquisition of TouchStone Research Inc. is the next step undertaken by Hesperion to actively strengthen its North American coverage and service offerings.

"With ten years of successful North American CRO operations, many more years of clinical development expertise, and a proven track record with pharmaceutical companies and CROs, B.G. White, PhD, President and CEO of TouchStone Research Inc, together with the senior managers of TouchStone Research are bringing their extensive US experience to Hesperion. TouchStone Research Inc. will ideally complement our existing North American operations and the numerous synergies we have identified will provide substantial added value to our clients and partners" said Vincent Charlon, CEO of Hesperion.

The combined company will operate under the Hesperion name and with the same set of global quality processes and systems. The integration of the complementary operations of both companies will be seamless to any and all clients of either TouchStone Research or Hesperion. In his new functions, Dr White will assume the new responsibilities of Executive Vice-president and Chief Scientific Officer for Hesperion North America.

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