Pracs Institute

Last updated

PRACS Institute, Ltd., established in 1983, is a company that tests new or developing types of medicine. Its CEO is Dr. James Carlson, a former pharmacy professor at North Dakota State University. The company currently has locations in East Grand Forks, Minnesota, and Fargo, North Dakota.

In February 2006, PRACS announced it would become a wholly owned subsidiary of Contract Research Solutions (CRS). CRS was formed as a holding company by investors, including Carlson and two others: KRG Capital Partners, and the Weinberg & Bell Group. In August 2006, CRS announced the acquisition of Gateway Medical Research, a St. Louis–based competitor of PRACS. CRS also announced in late 2006 that it had acquired Ba Research International of Houston, Texas. The three companies (PRACS, Gateway and Ba) will combine their operations under the name Cetero Research.

On October 5, 2006, Dr. Carlson announced a $1 million pledge to the city of Fargo towards the construction of a new branch of the city's public library. The project (with a total cost of $2.5 million) will be named the "Dr. James D. Carlson Library".

On March 20, 2013, PRACS laid off its employees in Fargo, St. Louis, and Toronto after filing for chapter 7 bankruptcy. [1] [2] [3] [4] [5] [6] [7]

Related Research Articles

<span class="mw-page-title-main">Missouri Valley Football Conference</span> U.S. college football conference

The Missouri Valley Football Conference (MVFC), formerly the Gateway Football Conference, is a collegiate athletic conference which operates in the Midwestern United States. It participates in the NCAA's Division I Football Championship Subdivision (FCS) as a football-only conference.

<span class="mw-page-title-main">Fargo, North Dakota</span> City in North Dakota, United States

Fargo is a city in and the county seat of Cass County, North Dakota, United States. According to the 2020 census, its population was 125,990, making it the most populous city in the state and the 216th most populous city in the United States. Fargo, along with its twin city of Moorhead, Minnesota, and the adjacent cities of West Fargo, North Dakota and Dilworth, Minnesota, form the core of the Fargo–Moorhead, ND-MN Metropolitan Statistical Area (MSA). The MSA had a population of 248,591 in 2020.

Independence Air was a low-cost airline, owned by FLYi, Inc., headquartered in the Loudoun Gateway Corporate Center in Dulles, Virginia, United States that operated from 1989 until 2006. Its route network focused on the east coast of the United States, but it also extended to the west coast. The route network was based at Washington Dulles International Airport.

Midway Games Inc., known previously as Midway Manufacturing and Bally Midway, and commonly known as simply Midway, was an American video game developer and publisher. Midway's franchises included Mortal Kombat, Rampage, Spy Hunter, NBA Jam, Cruis'n, and NFL Blitz. Midway also acquired the rights to video games that were originally developed by Williams Electronics and Atari Games, such as Defender, Joust, Robotron: 2084, Gauntlet, and the Rush series.

<span class="mw-page-title-main">Jefferson Lines</span>

Jefferson Lines is a regional intercity bus company operating in the United States. Their operations serve 14 states in the Midwest and West.

<span class="mw-page-title-main">SRI International</span> American scientific research institute (founded 1946)

SRI International (SRI) is an American nonprofit scientific research institute and organization headquartered in Menlo Park, California. The trustees of Stanford University established SRI in 1946 as a center of innovation to support economic development in the region.

<span class="mw-page-title-main">Gateway, Inc.</span> Former American computer hardware company

Gateway, Inc., previously Gateway 2000, Inc., was an American computer company originally based in Iowa and South Dakota. Founded by Ted Waitt and Mike Hammond in 1985, the company developed, manufactured, supported, and marketed a wide range of personal computers, computer monitors, servers, and computer accessories. At its peak in the year 2000, the company employed nearly 25,000 worldwide. Following a seven-year-long slump, punctuated by the acquisition of rival computer manufacturer eMachines in 2004 and massive consolidation of the company's various divisions in an attempt to curb losses and regain market share, Gateway was acquired by Taiwanese hardware and electronics corporation Acer, in October 2007 for US$710 million.

<span class="mw-page-title-main">Digital Chocolate</span> Former video game company

Digital Chocolate, Inc. was a video game developer and publisher headquartered in San Mateo, California. It was founded in 2003 by Trip Hawkins, the founder of video game companies Electronic Arts and The 3DO Company. The company focused on developing games for Java ME-based mobile phones, iOS, and Microsoft Windows, and made some non-entertainment titles. Its marketing motto was Seize the minute.

<span class="mw-page-title-main">Gateway Motorsports Park</span> Motorsport track in Madison, IL, US

Gateway Motorsports Park is a motorsport racing facility in Madison, Illinois, just east of St. Louis, close to the Gateway Arch. It features a 1.250 mi (2.012 km) oval that hosts the NASCAR Cup Series, NASCAR Craftsman Truck Series, and the NTT IndyCar Series, a 2.000 mi (3.219 km) infield road course used by SpeedTour TransAm, SCCA, and Porsche Club of America, a quarter-mile NHRA-sanctioned drag strip that hosts the annual NHRA Camping World Drag Racing Series Midwest Nationals event, and the Kartplex, a state-of-the-art karting facility.

<span class="mw-page-title-main">Kirkwood Mall</span> Shopping mall in North Dakota, United States

Kirkwood Mall is an enclosed regional shopping mall in the city of Bismarck, North Dakota. At 850,000 square feet, Kirkwood Mall is the second largest mall in North Dakota, boasting over 90 shops. Opened in 1970, it is also the largest shopping center in the city. The mall's anchor stores are I. Keating Furniture & Flooring, Ashley HomeStore, Scheels All Sports, JCPenney, and Target. There is 1 vacant anchor store that was once Herberger's. The mall is located in the downtown district.

Scheels is an American privately held, employee-owned and operated sporting goods and entertainment chain store headquartered in Fargo, North Dakota. Scheels operates thirty-two store locations in fifteen U.S. states. Its slogan is "Gear. Passion. Sports."

<span class="mw-page-title-main">Qimonda</span> 2006–2011 German computer memory manufacturer

Qimonda AG was a German memory company split out of Infineon Technologies on 1 May 2006 to form at the time the second largest DRAM company worldwide, according to the industry research firm Gartner Dataquest. It was a patent licensing firm until Micron and others purchased its patents. Headquartered in Munich, Qimonda was a 300 mm manufacturer and was one of the top suppliers of DRAM products for the PC and server markets. Infineon still controls a 77.5% stake, which it has written down (2008). Infineon was on record as having the aim of divesting itself of this stake, with the purpose of becoming a minority stakeholder in 2009. The company has issued 42 million ADR shares, each ADR share representing one ordinary share in Qimonda.

<span class="mw-page-title-main">Jenny Craig, Inc.</span> Defunct American weight loss company

Jenny Craig, Inc., often known simply as Jenny Craig, was an American weight loss, weight management, and nutrition company. The company had more than 700 weight management centers in Australia, the United States, Canada, and New Zealand. The program combined individual weight management counseling with a menu of frozen meals and other foods which were distributed through its centers or shipped directly to clients. On 4 May 2023, the company announced that it was going out of business after 40 years.

<span class="mw-page-title-main">38 Studios</span> American video game developer

38 Studios, LLC was an American entertainment and video game development company founded in 2006 by Major League Baseball player Curt Schilling and named for his jersey number. Originally based in Massachusetts, the company moved to Rhode Island as part of securing a $75 million loan guarantee from that state's quasi-public Economic Development Corporation (EDC). In February 2012, the company released its only title, Kingdoms of Amalur: Reckoning, a single-player action role-playing video game for several platforms. The game received positive reviews and sold an estimated 330,000 copies in its first month, rising to 1.2m copies in the first 90 days. 38 Studios shut down a few months later. The failure of the controversial Rhode Island loan spurred investigations by the news media and the government.

<span class="mw-page-title-main">Timber Lodge Steakhouse</span>

Timber Lodge Steakhouse is a privately owned American steakhouse chain with one location in Minnesota. Formerly a public company, it had eighty-five locations at its peak.

<span class="mw-page-title-main">YTB International</span> American multi-level marketing company

YTB International, known as YTB Global Travel, Your Travel Biz or YTB, is a multi-level marketing business through owner-affiliated websites offering travels, excursions, and lodgings. The company was funded in 2001 by J. Lloyd Tomer, Scott Tomer, and Kim Sorensen. The company is currently owned by Sam Hathi.

<span class="mw-page-title-main">Vanity (clothing)</span> American specialty chain of fashion retailers

Vanity, also known as Vanity Shops, was an American specialty chain of fashion retailers that sold apparel and accessories targeted to fashion-conscious young females, online and in stores. The company was headquartered in Fargo, North Dakota. The fashion retailer's clothing items ranged in size from zero to 17 with pants inseam lengths of up to 37 inches (940 mm). Vanity filed for bankruptcy and closed its stores in 2017.

<span class="mw-page-title-main">Art Van Furniture</span> Defunct American furniture retailer

Art Van Furniture Inc. was an American furniture retail store chain, with stores across the Midwestern United States. Founded in 1959, the company was headquartered in Warren, Michigan, and claimed to be the largest furniture retailer in the Midwest at its peak. In 2020, the company filed for bankruptcy and closed all of its stores.

Enterprise Holdings is an American private holding company headquartered in Clayton, Missouri, in Greater St. Louis. It is the parent company of car rental agencies Enterprise Rent-A-Car, National Car Rental, Alamo Rent a Car and also operates several other transportation services including commercial fleet management, used car sales, carsharing, and commercial truck rental operations.

The Pacific Steel Casting Company (PSC) was a steel mill and foundry located at 1333 Second Street in West Berkeley, Berkeley, California. At one point it was the third largest steel foundry in the United States, employing 350 people.

References

  1. "Hundreds of PRACS Employees Out of Work". Archived from the original on 2013-03-24. Retrieved 2013-06-05.
  2. "After Bankruptcy, PRACS Institute (Formerly known as Cetero Research) Lays Off Workers" . Retrieved 2013-06-05.
  3. "CRO that emerged from Cetero bankruptcy closes, lays off workers" . Retrieved 2013-06-05.
  4. "St. Louis Research Facility Abruptly Closes Its Doors" . Retrieved 2013-06-05.
  5. "Trial participants looking for payments after research company shuts down" . Retrieved 2013-06-05.
  6. "Hundreds lose jobs as PRACS Institute shuts down". Archived from the original on 2013-10-06. Retrieved 2013-06-05.
  7. "The PRACS Institute Has Shut Down According to Media Reports" . Retrieved 2013-06-05.