PRA Health Sciences

Last updated
PRA Health Sciences
Company type Subsidiary
Nasdaq: PRAH
Industry Pharmaceuticals & Biotechnology
Founded1976;49 years ago (1976)
Charlottesville, Virginia, U.S.
Headquarters,
U.S.
Area served
Worldwide
Key people
Colin Shannon (President and CEO)
Revenue
  • Increase2.svg US$ 1.948 billion (2017) [1]
  • Increase2.svg US$ 1.580 billion (2016) [1]
Number of employees
17,000+ [1]
Parent ICON plc
Website prahs.com

PRA Health Sciences was a contract research organization (CRO) with headquarters in Raleigh, North Carolina. It was established in 1976 and acquired by ICON in 2021.

Contents

Background

PRA was founded as the Anti-Inflammatory Drug Study Group in 1976, renamed PRA in 1982, as it expanded into other therapeutic areas besides inflammation. [2] In 2013 the company was acquired by Kohlberg Kravis Roberts, which brought the company public in November 2014 and maintained shares until September 2019. [3] In August 2017, the company acquired Conshohocken-based real-world healthcare data, analytics, and technology solutions company Symphony Health for US$530 million. [4] PRA's 2018 revenue was US$2.87 billion. [5] PRA was acquired by ICON PLC on 1 July 2021. [6]

References

  1. 1 2 3 "PRA 10-K For the fiscal year ended December 31, 2017". PRA Health Sciences via SEC Edgar. 2018-02-02. See SEC Edgar index page for PRA for updates
  2. "PRA Health Sciences becomes latest big CRO to launch IPO". CenterWatch News Online. 13 November 2014.
  3. "PRA Health Sciences Announces Secondary Offering and Concurrent Share Repurchase". Globenewswire. September 3, 2019.
  4. Liu, Angus (August 8, 2017). "PRA Health Sciences makes $530M Symphony buy, reports 16% revenue growth in Q2". FierceBiotech.
  5. "Investors | ICON PLC".[ permanent dead link ]
  6. "ICON acquisition creates world-leading healthcare intelligence and clinical research organisation" (Press release). 1 July 2021.