Parexel

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https://www.parexel.com/company
Parexel International Corp
Type Public / Private
Industry Global biopharmaceutical service company
Founded <1982>
Slogan " To combine the strength of our expertise, experience and innovation to advance the worldwide success of the biopharmaceutical and medical device industries in preventing and curing disease"
Headquarters PAREXEL International Corp., 195 West Street, Waltham, MA 02451
Key people Chairman and CEO: Josef H. von
Investors NASDAQ: PRXL, S&P 400 Component
Number of employees 19,370


History

PAREXEL International is a multinational life sciences consulting firm. 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. 0verview: PAREXEL is the world's leading innovator of biopharmaceutical services. Simplify clients' journey of transforming scientific discoveries into new medical treatments for patients with high-quality Phase I-IV clinical research, regulatory, consulting and market access services. Committed to solving problems before they arise. To make the process smarter and more efficient. For over 35 years, PAREXEL has proven a trusted partner for the complex development journey required of biopharmaceutical and medical device companies. Post Launch


Vision: PAREXEL strives provider to the biopharmaceutical and medical device industries for the development and commercialization of new medical therapies worldwide.

Mission: PAREXEL's mission is to combine the strength of expertise, experience and innovation to advance the worldwide success of the biopharmaceutical and medical device industries in preventing and curing disease. [1]

TGN1412 clinical trial

In March 2006, a PAREXEL-run trial on behalf of TeGenero, the now bankrupt German biotechnology firm, on its anti-inflammatory drug TGN1412 to treat rheumatoid arthritis, multiple sclerosis or leukaemia, caused severe inflammation and multiple organ failure in six healthy volunteers at a facility based at Northwick Park Hospital in London. The drug had been tested on animals but this was the first test on humans. PAREXEL became the target of legal proceedings from lawyers representing the injured volunteers after the insurance policy of TeGenero was unable to provide sufficient compensation. When the liable company subsequently declared bankruptcy, lawyers for the volunteers initiated legal proceeding against PAREXEL and the two parties later entered into talks; the results of this meeting have not been made public. A documentary shown in the UK on 28 September 2006 featuring journalist Brian Deer as part of Channel 4's Dispatches series exposed uncertainty about the existence of data that should mandatorily have been submitted by TeGenero to the Medicines and Healthcare products Regulatory Agency (MHRA) prior to the trial indicating whether TGN1412 had been adequately tested on human blood in vitro. Concerns were also raised about whether a safe human dosage was properly obtained by TeGenero. The MHRA, however, concluded that none of the companies involved could be held responsible for the outcome of the test and that the adverse events that occurred were most likely caused by an unpredicted biological action of the drug in humans. In 1990, the firm expanded internationally and established new practice areas. By 1999 it had a staff of 4,500 and 45 offices. 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.

In 2016, the company allied with EMC Corporation to provide a suite of regulated information and content management services. The company has announced that it will be acquired by private equity firm Pamplona Capital Management for approximately $5.0 billion. The deal is expected to close by the end of 2017.

Controversies

Top 5 Recent Tweets

DateAuthorComment
February 03, 2023ParexelMeet Andrew Boden, who works on Parexel's Site Alliance Team in the UK. Last year Andrew facilitated a Site Allianc… https://t.co/9Y4C18bMNH
February 03, 2023jlangley325The conversation surrounding mental health and accommodations has become more commonplace, making it easier for neu… https://t.co/pqk4tyfGMk
February 03, 2023jlangley325Pat Mitchell, the first female president of CNN Productions and PBS and the first woman to own and host a nationall… https://t.co/0fjhZH7KIJ
February 03, 2023ScottishMedic66Join our team! As a Director, Global Clinical Operations Lead, you can take your leadership skills to the next leve… https://t.co/9nUjDydBwM


Top 5 Recent News Headlines

Top 5 Lifetime Tweets

DateAuthorComment
February 03, 2023ParexelMeet Andrew Boden, who works on Parexel's Site Alliance Team in the UK. Last year Andrew facilitated a Site Allianc… https://t.co/9Y4C18bMNH
February 03, 2023jlangley325The conversation surrounding mental health and accommodations has become more commonplace, making it easier for neu… https://t.co/pqk4tyfGMk
February 03, 2023jlangley325Pat Mitchell, the first female president of CNN Productions and PBS and the first woman to own and host a nationall… https://t.co/0fjhZH7KIJ
February 03, 2023ScottishMedic66Join our team! As a Director, Global Clinical Operations Lead, you can take your leadership skills to the next leve… https://t.co/9nUjDydBwM
  1. PAREXEL's Sugato De discusses the long-awaited #FDA Guidance on 3D-printed #medicaldevices Read Morehttps://regulatory.parexel.com/regulatory-blog/3-d-printing-in-healthcare?utm_source=twitter&utm_medium=social&utm_campaign=17601&kui=gz9a4egYBq1wsgIZ3kyJrQ
  2. PAREXEL enhances its #clinicalresearch #data service offering to help clients adapt to industry's diversifying data sources.
  3. PAREXEL #Consulting colleague, Dr Partha Roy, discusses the new reality under #PDUFA VI.   #pharma #FDA #regulatory
  4. #ICYMI: Paul Bidez, PAREXEL VP of Regulatory and Clinical Solutions, discusses the importance of #cloudcomputing and our alliance with Microsoft to the future of #clinicalresearch Read his blog post to learn more: #pharma #drugdevelopment @Health_IT
  5. @PAREXEL is providing access to meaningful data-driven insights with the launch of Perceptive Cloud on #Azure

Top 5 Recent Tweets

DateAuthorComment
February 03, 2023mia_jumaSecond job abandoned in 2021, was @OnPointConsulti that placed me with @Parexel for @pfizer to be harassed by peers… https://t.co/HB3WYOPg8R
February 02, 2023DailyMarksmenSanjay Vyas, Executive Vice President, Managing Director India &amp; Global SBU Head-Clinical Trial Supplies &amp; Logistic… https://t.co/vYv6lkRpG3
February 02, 2023LupusLAShould a clinical study become a part of your #lupus journey? Join us for a Live Expert Session on Feb. 15th at 3:0… https://t.co/vCuzSxk0aE
February 01, 2023mia_jumaNot implying @pfizer and their preferred CRO @Parexel did not have a high risk, low risk, household contact… https://t.co/9Bcc5ooBbG
January 28, 2023ParexelAt #SCOPE2023, our own Neil Berger will explore the changing landscape of clinical development and how FSP is shift… https://t.co/diydoHo064

Top 5 Lifetime News Headlines

  1. https://www.parexel.com/company

Verification history