Cytel to acquire SDS Life Science and SDS MedteQ
Cytel has announced an agreement to acquire SDS Life Science AB and SDS MedteQ AB - bolstering expertise in strategic therapeutic development. The move will add new global talent to Cytel’s Strategic Consulting group and bring additional expertise and capabilities for the strategic development of drugs and medical devices.
As a result, sponsors will have easier access to a larger, geographically expanded pool of consulting expertise to help them get new therapies to patients faster. The acquisition furthers Cytel’s global expansion and continues the company’s journey of building a diverse, multi-disciplinary, and strategic thought partner for sponsors developing new therapeutics across the biopharma and medical technology ecosystem.
As drug development becomes more complex and competitive, pharmaceutical companies need faster and better ways to bring their therapies to market. For 35 years, Cytel’s Strategic Consulting group has pioneered advanced biostatistics, decision science, and real-world evidence capabilities that enable sponsors to optimize new therapeutic development. SDS Life Science has an equally rich heritage in biostatistics and shares Cytel's commitment to the innovative design of clinical trials and development programs, using advanced statistical and computational approaches to improve trials for patients and sponsors.
With SDS Life Science and SDS MedteQ supporting more than 100 biomedical sponsors in Scandinavia, in addition to several multinational pharmaceutical companies, the acquisition continues Cytel’s rapid growth into new global markets.