PRA Health Sciences

PRA Health Sciences is a contract research organization (CRO) with headquarters in Raleigh, North Carolina that was founded in 1982.[2] In 2013 the company was acquired by Kohlberg Kravis Roberts, which brought the company public in November 2014 and maintained shares until September 2019.[3]

PRA Health Sciences
Public
Traded as
ISINUS69354M1080 
IndustryPharmaceuticals & Biotechnology
Founded1976 (1976)
Charlottesville, Virginia, U.S.
Headquarters
Raleigh, North Carolina
,
U.S.
Area served
Worldwide
Key people
Colin Shannon (President and CEO)
Revenue
  • US$ 1.948 billion (2017)[1]
  • US$ 1.580 billion (2016) [1]
Number of employees
17,000+[1]
Websiteprahs.com

In August 2017 the company acquired Conshohocken-based real-world healthcare data, analytics, and technology solutions company Symphony Health for US$530 million.[4]

In November 2019 PRA announced it was partnering with Johnson & Johnson pharmaceutical arm Janssen Pharmaceutica in a first-of-its-kind decentralized clinical trial evaluating the drug Invokana (canagliflozin) in adults with heart failure, with preserved or reduced ejection fraction, with or without type 2 diabetes. This landmark study will collect real-world evidence via a mobile clinical trial platform. [5]

PRA's 2018 revenue was US$2.87 billion.[6]

References
  1. "PRA 10-K For the fiscal year ended December 31, 2017". PRA Health Sciences via SEC Edgar. 2018-02-02. See SEC Edgar index page for PRA for updates
  2. "PRA Health Sciences becomes latest big CRO to launch IPO". CenterWatch News Online. 13 November 2014.
  3. "PRA Health Sciences Announces Secondary Offering and Concurrent Share Repurchase". Globenewswire. September 3, 2019.
  4. Liu, Angus (August 8, 2017). "PRA Health Sciences makes $530M Symphony buy, reports 16% revenue growth in Q2". FierceBiotech.
  5. "AHA: Janssen drops clinical sites for smartphones, wearables in 100% virtual Invokana study". FierceBiotech. November 16, 2019.
  6. https://investor.prahs.com/static-files/06f80501-79f0-4108-a719-1c54796903ba
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