Durham, North Carolina, U.S.
Newton, Massachusetts, U.S.
Number of locations
84+ facilities in 51+ countries
Key people
CEO: Jamie Macdonald
Services
clinical trial management, data management, medical writing, biostatistics, pharmacovigilance, regulatory consulting
Revenue
$2.3 billion (2017)[1]
Number of employees
18,900 [2]
Website
parexel.com
Parexel International is an American provider of biopharmaceutical services. It conducts clinical trials on behalf of its pharmaceutical clients to expedite the drug approval process. It is the second largest clinical research organization in the world and has helped develop approximately 95% of the 200 top-selling biopharmaceuticals on the market today.[3] The company publishes the annual Parexel R&D Statistical Sourcebook[4] and operates the Parexel-Academy.[5]
Parexel was founded in 1982 by Josef von Rickenbach[6] and organic chemist Anne B. Sayigh[7] initially to advise Japanese and German firms on how to navigate the FDA approval process.[8] The firm has grown organically over the years and through 40 acquisitions. Josef von Rickenbach is credited with establishing Parexel's culture and practices based on the principles he experienced as a researcher at Schering-Plough in Lucerne, Switzerland, before leaving the company upon retiring in 2018.[8]
In 1990, the firm expanded internationally and established new practice areas. By 1999 it had a staff of 4,500 and 45 offices.[8] In the 2000s, it grew to over 18,000 employees. Parexel's consulting and clinical trial work has helped establish many household drug brands and contributed to numerous successes in modern pharmacology.[citation needed]
The company was acquired by private equity firm Pamplona Capital Management for approximately $5.0 billion.[9] The deal closed in September 2017.[10] On July 2, 2021, Parexel announced a merger agreement under which it would be acquired by EQT IX fund and Goldman Sachs for $8.5 billion.[11] EQT and Goldman Sachs completed the acquisition on November 15, 2021.[12]
^"PAREXEL International Reports Fourth Quarter and Fiscal Year 2017 Results" (Press release). 28 August 2017.
^"PAREXEL – Our Company". Retrieved 29 March 2023.
^"MoneyShow.com: TOP PROS' TOP PICKS – Parexel Puts Drugs on Trial". MoneyShow.com. Archived from the original on 2016-04-01. Retrieved 2015-09-30.
^"PAREXEL Biopharmaceutical Statistical Sourcebook 2014/2015 (eStats)". Retrieved 29 March 2023.
^Applied Clinical Trials Editorial Staff (13 April 2015). "PAREXEL Academy Adds Programs for Students".
^"List of Public Companies Worldwide, Letter – Businessweek – Businessweek". Businessweek.com. 30 June 2023.
^"Entrepreneur Briefs".
^ abc"Josef von Rickenbach – Parexel". Bilanz.ch.
^"BRIEF-Pamplona Capital Management completes acquisition of Parexel". Reuters. 29 September 2017.
^"Pamplona Capital Management acquires Parexel International | Private Equity Wire". Private Equity Wire. 2017-10-02. Retrieved 2021-01-29.
^"Parexel to be Acquired by EQT Private Equity and Goldman Sachs Asset Management | Parexel International Corporation". newsroom.parexel.com. Retrieved 2022-01-04.
^"EQT Private Equity and Goldman Sachs Asset Management Complete Acquisition of Parexel | Parexel International Corporation". newsroom.parexel.com. Retrieved 2022-01-04.
Parexel International is an American provider of biopharmaceutical services. It conducts clinical trials on behalf of its pharmaceutical clients to expedite...
reactions as well as chronic organ failure in the first-in-human study by Parexel in London in March 2006. The developing company, TeGenero Immuno Therapeutics...
market. Along with the Health Care Cost Institute, Snowflake, Elsevier, Parexel, and others, Datavant operates the COVID-19 Research Database, which "enables...
organization Clinical Research Labcorp Drug Development IQVIA Syneos Health Parexel ICON PLC PPD, Inc. Charles River Laboratories CLARIO Calyx CAIDYA Dokumeds...
organization Clinical Research Labcorp Drug Development IQVIA Syneos Health Parexel ICON PLC PPD, Inc. Charles River Laboratories CLARIO Calyx CAIDYA Dokumeds...
organization Clinical Research Labcorp Drug Development IQVIA Syneos Health Parexel ICON PLC PPD, Inc. Charles River Laboratories CLARIO Calyx CAIDYA Dokumeds...
organization Clinical Research Labcorp Drug Development IQVIA Syneos Health Parexel ICON PLC PPD, Inc. Charles River Laboratories CLARIO Calyx CAIDYA Dokumeds...
organization Clinical Research Labcorp Drug Development IQVIA Syneos Health Parexel ICON PLC PPD, Inc. Charles River Laboratories CLARIO Calyx CAIDYA Dokumeds...
30 April 2022. Outsourcing-Pharma.com (25 May 2011). "Pfizer teams with Parexel and Icon in CRO sector's latest strategic deals". Outsourcing-Pharma.com...
organization Clinical Research Labcorp Drug Development IQVIA Syneos Health Parexel ICON PLC PPD, Inc. Charles River Laboratories CLARIO Calyx CAIDYA Dokumeds...
organization Clinical Research Labcorp Drug Development IQVIA Syneos Health Parexel ICON PLC PPD, Inc. Charles River Laboratories CLARIO Calyx CAIDYA Dokumeds...
FDA asked Ranbaxy to turn over audits done by its outside consultant, Parexel, which the company was claiming were confidential. The meeting ended in...
Coca-Cola European Partners, Cadbury, Xerox, General Mills, F. Hinds, PAREXEL, Arri, Bristol-Myers Squibb, Monster Energy, APL, Herbalife Europe. Other...
in survey responses for that category while large CROs such as Covance, Parexel, PPD, PRA International and Quintiles all received negative marks. "S-1"...
multiple organ failure, high fever, and a systemic inflammatory response. Parexel, a company conducting trials for pharmaceutical companies claimed that...
organization Clinical Research Labcorp Drug Development IQVIA Syneos Health Parexel ICON PLC PPD, Inc. Charles River Laboratories CLARIO Calyx CAIDYA Dokumeds...
organization Clinical Research Labcorp Drug Development IQVIA Syneos Health Parexel ICON PLC PPD, Inc. Charles River Laboratories CLARIO Calyx CAIDYA Dokumeds...
organization Clinical Research Labcorp Drug Development IQVIA Syneos Health Parexel ICON PLC PPD, Inc. Charles River Laboratories CLARIO Calyx CAIDYA Dokumeds...
organization Clinical Research Labcorp Drug Development IQVIA Syneos Health Parexel ICON PLC PPD, Inc. Charles River Laboratories CLARIO Calyx CAIDYA Dokumeds...
organization Clinical Research Labcorp Drug Development IQVIA Syneos Health Parexel ICON PLC PPD, Inc. Charles River Laboratories CLARIO Calyx CAIDYA Dokumeds...
investments and 300 add-on acquisitions over twenty years. Investments include PAREXEL International (PRXL), GlycoFi (acquired by Merck), Ilex (ILXO, acquired...