Quintiles

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Quintiles Transnational
Type Public
Traded as NYSEQ
Industry Contract Research Organization
Pharmaceutical Service Consulting
Founded 1982
Headquarters Durham, North Carolina, USA
Key people Dennis Gillings, Executive Chairman
Tom Pike CEO
John Ratliff President & COO; Paula Brown Stafford, President Clinical
Products Support services for pharmaceutical, biotech and medical companies and individuals
Revenue IncreaseUS$ Approximately $3.7 billion
Employees ~ 27,000+ (2013)
Website http://www.quintiles.com/

Quintiles Transnational is the world’s largest provider of biopharmaceutical development and commercial outsourcing services with a network of more than 33,000 employees conducting business in approximately 100 countries. Quintiles has helped develop or commercialize all of the top-50 best-selling drugs on the market.[1]

History[edit]

Quintiles was founded in 1982 by Dennis Gillings, Ph.D., CBE, then a professor of biostatistics at the University of North Carolina, Chapel Hill.[2]

Key Dates:

  • 1974: Dennis Gillings signs first contract to provide statistical and data management consulting for pharmaceutical clients.
  • 1982: Quintiles, Inc., is incorporated in North Carolina.
  • 1990: Quintiles Pacific Inc. and Quintiles Ireland Ltd. established
  • 1991: Quintiles GMBH established in Germany; Quintiles Laboratories Ltd. established in Atlanta, Georgia
  • 1996: Quintiles buys Innovex Ltd. and BRI International Inc., becoming the world's largest CRO[3]
  • 1997: Quintiles goes public, completing successful secondary stock offering.
  • 1998: Quintiles is the first company in industry to break the $1 billion mark, when it reports net revenues of $1.19 billion.
  • 1999: Company joins the S&P 500 Index.
  • 2003: Board of Directors agrees to merge with Pharma Services Holdings Inc; Quintiles becomes a private company.
  • 2009: Quintiles opens new corporate headquarters in Durham, North Carolina
  • 2010: Quintiles opens new European headquarters in the UK and establishes operations in East Africa.
  • 2011: Quintiles buys Advion Biosciences, a bioanalytical lab based out of Ithaca, New York
  • 2013: Quintiles files for an IPO on 15 February in order to go public again [4]
  • 2013: Quintiles begins trading on the New York Stock Exchange (NYSE) under ticker symbol Q [5]

References[edit]

  1. ^ B, Mrs F. "Interview with Quintiles France". Quintiles France. Expatriates Magazine Ed1. 
  2. ^ "Money, Math and Medicine". Forbes Magazine. November 22, 2010. Retrieved April 14, 2011. 
  3. ^ "High-Flying Quintiles to Buy Innovex in $747.5 Million Deal". New York Times. October 8, 1996. Retrieved April 14, 2011. 
  4. ^ http://www.sec.gov/Archives/edgar/data/1478242/000119312513062656/d483912ds1.htm
  5. ^ Wall Street Journal, May 9, 2013

External links[edit]