Tigermed Expands Global Reach with Strategic Micron Acquisition
Tigermed Completes Micron Acquisition to Enhance Research Services
HANGZHOU, China and TOKYO – Tigermed (300347.SZ / 3347.HK), a global leader in clinical research solutions, recently finalized the acquisition of Micron, a prominent Contract Research Organization (CRO) based in Japan. This strategic move is a significant step in Tigermed's commitment to expanding its footprint and enhancing its capabilities in clinical development, particularly in medical imaging.
Micron: A Leader in Medical Imaging
Founded in 2005 and located in Tokyo, Micron is acclaimed for its innovative medical imaging and clinical trial services. With a dedicated team of over 160 professionals, it has built an impressive portfolio, having supported over 250 clients and facilitated the successful approval of more than 40 drugs. Micron's unique focus on imaging biomarkers and advanced technology solutions has solidified its reputation as the first imaging CRO in Japan.
Expertise That Enhances Tigermed's Portfolio
Micron brings nearly two decades of specialized expertise and the largest team of imaging experts in Asia. This will significantly bolster Tigermed's service offerings across Japan and the Asia-Pacific region, leveraging Micron's established methodologies and operational insights. Following the acquisition, Micron will function as a significant branch under Tigermed Japan, fostering collaboration and innovation in imaging capabilities.
Commitment to Advancing Healthcare
Mr. Hiroaki Suzuki, President and Co-founder of Micron, expressed enthusiasm about joining Tigermed, stating, "Micron is dedicated to advancing human health by leveraging imaging technologies to support medical research. Together with Tigermed’s global resources, we aim to create significant opportunities for expanding our expertise on a broader platform. This partnership will allow us to further our commitment to improving patient care through enhanced clinical research capabilities."
Tigermed’s Vision for Future Growth
Mr. Michael Wen, Co-President of Tigermed, also highlighted the importance of this acquisition for Tigermed's expansion strategy. He mentioned, "Welcoming Micron into the Tigermed family is a momentous occasion. Micron’s strengths in technology and their proven track record will considerably enhance our services in Japan and the Asia-Pacific region. By integrating our technologies and talents, we will create robust solutions for global medical research and development, ultimately benefiting patients worldwide."
About Micron Inc.
Micron, Inc. has made a name for itself by providing comprehensive support in the development of pharmaceuticals, medical devices, and biomarkers. They excel in offering clinical services related to medical imaging, ranging from monitoring and quality control to specialized imaging core lab operations and analysis. Their unique position as an In Country Clinical Caretaker (ICCC) allows Micron to assist international medtech and biotech companies in navigating the complexities of clinical trials in Japan, promoting innovative approaches in the realm of personalized medicine.
About Tigermed
Tigermed is recognized as a leading global provider of integrated research and development solutions within the biopharmaceutical and medical device sectors. With a diverse range of services from preclinical development to commercialization, Tigermed collaborates with over 3,600 clients, ensuring efficiency and cost-effectiveness in their development journeys. The company boasts a global presence across more than 180 locations, employing over 10,000 individuals worldwide. Tigermed is dedicated to establishing a seamless platform for the healthcare industry, focusing on addressing unmet patient needs and enhancing patient outcomes.
Frequently Asked Questions
What is the recent acquisition made by Tigermed?
Tigermed has recently acquired Micron, a Japanese CRO specializing in medical imaging and clinical trial services.
Why is the Micron acquisition significant for Tigermed?
The acquisition enhances Tigermed's capabilities in the Asia-Pacific region, particularly in medical imaging, by leveraging Micron's expertise and technology.
When was Micron founded?
Micron was founded in 2005 and has since established itself as a leader in clinical research solutions focused on medical imaging.
What services does Micron provide?
Micron provides a range of clinical development services, including imaging core lab operations, quality control, and specialized monitoring in medical imaging.
How many employees does Tigermed have?
Tigermed employs over 10,000 individuals globally, with a mission to enhance healthcare through research and development solutions.
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