Jubilant Organosys Ltd announced that its subsidiary Clinsys Clinical Research, Inc, New Jersey, a global contract research organization (CRO), has acquired TrialStat ClinicalAnalytics from TrialStat for a purchase consideration of CAD 750,000.

TrialStat ClinicalAnalytics (TrialStat CA) is a web-based electronic data capture (EDC) solution currently used by a wide range of pharmaceutical and CRO customers worldwide. TrialStat CA is the industry's first EDC platform to allow all aspects of a study to be configured, deployed and managed through a browser interface, enabling customers to start their studies quickly and cost-effectively. Clinsys extensive global resources will enable TrialStat to continue its proven record of growth, customer service and product innovation. This agreement will give TrialStat's existing CRO and biopharmaceutical customer base a broader scope of services.

The company had identified TrialStat ClinicalAnalytics as one of the most innovative EDC solutions on the market and was determined to include it in its offerings to its customers globally.

Commenting on the acquisition, Shyam S Bhartia, chairman & managing director and Hari S Bhartia, co-chairman & managing director, Jubilant Organosys Ltd, said, "The addition of the TrialStat CA and its proven EDC offering will allow Clinsys to continue to expand its integrated solutions for pharmaceutical, biotechnology and medical device organizations. This acquisition is an excellent fit and addresses the industry's continuously evolving requirements in EDC."

Jubilant Organosys Ltd is an integrated pharmaceutical industry player, the largest custom research and manufacturing services (CRAMS) and drug discovery and development services companies out of India.

Clinsys Clinical Research, Inc, is a therapeutically focused global contract research organization that provides pharmaceutical, biotechnology and medical device companies with a full range of phase I-IV clinical research services, including clinical development, study start-up, clinical operations, biostatistics, data management, quality assurance, regulatory affairs, pharmacovigilance, medical writing, clinical pharmacology & pathology, and functional outsourcing services.