ProductLife Group Expands Pharmacovigilance Capabilities with Stragen Services Acquisition
Deal News | Jan 28, 2025 | Globenewswire
ProductLife Group (PLG), a prominent provider of regulatory and compliance consulting for the life sciences sector, has acquired Stragen Services, a division of the Stragen Group. This acquisition, announced on January 28, 2025, aims to bolster PLG’s expertise in pharmacovigilance and clinical safety, particularly within the European market. Stragen Services, founded in 2009 and based in Lyon, France, is recognized for its tailored safety solutions for the Pharma and Biotech industries. With the integration of Stragen Services, PLG is expected to enhance its capacity to deliver comprehensive safety and compliance support globally, thereby solidifying its leadership in these critical areas. Stragen has been backed by ARCHIMED, a healthcare-focused global private equity firm, which sees this transition as a growth opportunity aligning with PLG's strategic objectives. The acquisition supports PLG’s mission to ensure global market products meet high safety standards while maintaining a client-first approach. This move highlights PLG's commitment to expand its service offerings and maintain excellence in the rapidly evolving healthcare landscape.
Sectors
- Pharmaceutical Consulting
- Private Equity
Geography
- France – Stragen Services is headquartered in Lyon, France, and plays a pivotal role in the European market.
- Europe – The acquisition strengthens ProductLife Group’s presence in the broader European market for life sciences consultancy services.
Industry
- Pharmaceutical Consulting – The acquisition involves companies providing specialized consulting services in the pharmaceutical sector, focusing on pharmacovigilance and clinical safety.
- Private Equity – ARCHIMED, a private equity firm, plays a significant role in the transaction, underscoring the financial and strategic backing of Stragen Services.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| ProductLife Group | Acquirer | Company | A global provider of regulatory, scientific, compliance, and digital transformation consulting services for the life sciences industry. |
| Stragen Services | Target | Company | A division of Stragen Group, providing pharmacovigilance and clinical safety services to the pharmaceutical industry. |
| ARCHIMED | Private Equity Firm | Company | A healthcare-focused global private equity firm that backs Stragen Group. |