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Merged business will operate under the Cytel brand and employ 1,000 statisticians and data scientists across the U.S., India, and Europe
June 17, 2019
By: Kristin Brooks
Managing Editor, Contract Pharma
Cytel Inc., a global provider of analytical software and services, and Axio Research, a Seattle-based provider of biostatistics to pharma, biopharma, and medical device companies, have merged and will operate under the Cytel brand, with Axio continuing to provide its data monitoring committee services for clinical trials, as Axio, a Cytel company. The merged business will employ 1,000 statisticians and data scientists across the U.S., India, and Europe. The organization will continue to develop solutions to help advance clinical development while providing services for the combined organization’s portfolio of customers. “We believe that better use of data will ultimately revolutionize drug development,” said Joshua Schultz, chief executive officer of Cytel. “Our vision is to unite the combined expertise of our two companies to deliver powerful analytical solutions that address trial sponsors’ toughest drug development challenges and maximize the opportunities offered by emerging data sources.” “We are delighted to merge with Cytel, a company that shares our academic heritage, cultural values, and deep commitment to scientific and statistical excellence,” said Lee Hooks, chief executive officer of Axio Research. “Axio’s capabilities in data monitoring committees and biostatistics services will seamlessly complement Cytel’s existing clinical research services and software. Under the Cytel umbrella, Axio’s customers will receive the same exemplary levels of service while benefiting from extended capabilities, reach, and infrastructure.”
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