Velocity Clinical Research Brings VitaLink and NRI Sites into their Realm
Velocity Clinical Research has announced they will officially acquire two multi-site companies – VitaLink Research and National Research Institute (NRI) for an undisclosed amount. They believe this acquisition will enhance Velocity’s therapeutic reach and recruiting power.
VitaLink, a South Carolina-based research company – has a network of 6 sites in the state. California-based NRI has 5 sites throughout the greater Los Angeles area. This dual acquisition adds a total of 11 new sites to Velocity’s existing 18, making it the largest fully integrated site management organization in the world.
They intend to integrate management from both companies, filling key roles in Velocity and strengthening its senior management bench. North Carolina-based Velocity is the leading integrated site organization for clinical trials. This unique position allows them to help biopharmaceutical and contract research organization customers find the right patients for their studies. This integrated approach benefits both sponsors and study participants.
As they expand their reach and site availability, Velocity is on track to advance the clinical trial field and speed up the testing and trialing of experimental pharmaceuticals. Each acquisition is based on careful vetting of the research site. They look for dedicated research clinics with experienced physician investigators and research staff. They are also interested in achieving a sufficient geographical dispersion across the country to ensure their access reaches minority populations and provides sufficient patient diversity.
Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.
Who We Are:
Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.
Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.
