Wednesday, June 24, 2009

Spacelabs Sells Clinical Trials Services Division

Issaquah, Wash.-based Spacelabs Healthcare has sold its Clinical Trials Services division to Medifacts International Inc. of Rockville, Md., Medifacts announced this morning. Financial terms of the transaction were not disclosed. Spacelabs is an international developer, manufacturer and distributor of medical equipment and services. Its Clinical Trials Services division provides integrated cardiovascular safety and diagnostic services to the pharmaceutical and biotechnology industries. Dr. Michael Wohler, Medifacts' president and chief executive officer, said the Clinical Trials Services acquisition will allow his company to offer the "broadest" array of cardiac safety and efficacy services for Phase I-IV clinical trials to pharmaceuticals, biotechnology and medical device manufacturers.