CRO Sector Update – M&A Impact & Increased Consolidation – 19 August 2021

  • Public Equity
  • Healthcare
  • North America


Former divisional leader at Iqvia Holdings Inc


  • CRO (contract research organisation) market and competitive landscape among Iqvia (NYSE: IQV), PPD (NASDAQ: PPD), Syneos (NASDAQ: SYNH), Icon (NASDAQ: ICLR) and Wuxi (SHE: 300450)
  • Impact of recent consolidations – adding scale and conversion between other outsourcing inputs
  • Sponsor perception – biotech vs large pharma
  • H2 2021 outlook – strategic alliances and growth expectations


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