InVentiv Health to buy PharmaNet

BURLINGTON, MA: InVentiv Health is expected to acquire PharmaNet Development Group, a drug development service for the pharmaceutical, biotechnology, generic drug, and medical device industries.

BURLINGTON, MA: InVentiv Health is expected to acquire PharmaNet Development Group, a drug development service for the pharmaceutical, biotechnology, generic drug, and medical device industries.

The acquisition will see InVentiv Health expanding its global presence to nearly 40 countries, as well as enhance its early- and late-stage clinical development capabilities.

Financial terms of the deal were not disclosed.

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