Danforth's Strategic Expansion: Acquisition of VPMR to Enhance Life Science Insights
Deal News | Dec 17, 2024 | Globenewswire
Danforth Advisors, headquartered in Waltham, Massachusetts, has announced the acquisition of VPMR, a full-service, global market research firm that services life science and healthcare companies. This strategic acquisition is aimed at enhancing Danforth’s capabilities in commercial readiness by providing comprehensive market research to guide decisions in areas such as market opportunity assessment and new product development. VPMR, led by President Allison Fuller, specializes in custom research studies that span from early clinical development to product maturity, providing valuable insights into market trends and patient needs for strategic and tactical decision-making. This marks the fifth acquisition for Danforth after acquiring firms like Advyzom and BW Health Group, further cementing its position as a comprehensive service provider for life science companies in efficient strategic and logistical expertise.
Sectors
- Life Sciences
- Market Research
- Healthcare
Geography
- United States – Both Danforth Advisors and VPMR are based in the US, with Danforth operating offices in several states.
- Global – VPMR offers global market research services, providing insights and strategic direction for healthcare and life science companies worldwide.
Industry
- Life Sciences – The acquisition involves companies providing services and support to the life sciences sector, aiming to improve strategic decision-making in product development and market readiness.
- Market Research – VPMR specializes in global market research services, providing qualitative and quantitative insights to healthcare and life science companies.
- Healthcare – Danforth and VPMR focus on providing essential market research services to healthcare companies, influencing strategies from drug development to product launch.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Danforth Advisors, LLC | Acquirer | Company | A strategic and operational support provider for life science companies, offering services across business, clinical, and commercial functions. |
| VPMR, LLC | Target Company | Company | A global market research firm serving life science and healthcare industries with tailored research solutions. |
| Allison Fuller | President of VPMR | Person | Leads VPMR with a focus on providing strategic market insights for life science companies. |
| Chris Connors | CEO of Danforth Advisors | Person | Chief Executive Officer of Danforth Advisors, overseeing its operations and strategic initiatives. |