Type Public Area served 35 countries Parent organization Medpace Holdings Inc | Traded as NYSE: MEDP Founded 1992 | |
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Industry Contract Research Organization Key people Dr. August J. Troendle, President and CEO Products Support services for pharmaceutical and medical device Headquarters Cincinnati, Ohio, United States Subsidiaries Medpace Medical Device, Inc. Profiles | ||
Medpace
Medpace (alt. MedPace) is a midsize, clinical contract research organization (CRO) based in Cincinnati, Ohio.
Contents
- Medpace
- Medpace a global full service cro dr august troendle medpace ceo
- History
- Recognition
- Acquisitions
- References
Medpace provides services for Phase I-IV of drug and medical device development services including regulatory services and central laboratory services.
In February 2014, Medpace was sold to private equity firm Cinven by CCMP Capital for around $900 million.
On August 11, 2016 Medpace (MEDP) went public with an IPO consisting of 8,050,000 shares.
Medpace a global full service cro dr august troendle medpace ceo
History
Medpace was founded in 1992 in Cincinnati, Ohio as Medical Research Services by Dr. August Troendle with several partners. Dr. Troendle first became interested in the CRO sector after working in both the regulatory and pharmaceutical area. He began his career specializing in the development of lipid lowering therapies to treat high cholesterol as a reviewer with the FDA.
Medpace with a team of industry physicians, Dr. Jonathan Issacsohn and Dr. Evan Stein completed many early studies while at Medpace and Medpace Reference Laboratories on the use of statin therapies for the treatment of hypercholesterolemia. Another Medpace physician, Dr. David Orloff is regarded as an industry opinion leader in the study of metabolic diseases - most specifically diabetes and obesity. Dr. Troendle was honored for his work as a Medpace founder in 2012 by the Cincinnati Chamber of Commerce.
Medpace completed construction on a new campus in 2012 in Madisonville, a village in the city of Cincinnati. This was a project completed in cooperation with Madisonville, the City of Cincinnati Department of Economic Development, and the State of Ohio. The project encompassed revitalizing an urban brownfield site formerly occupied by NuTone, and creating a state of the art LEED certified campus.
Recognition
In May 2009, Medpace was recognized by CenterWatch, a CRO industry publication as a top CRO by investigative sites.
In 2011 and 2012 Medpace was given the Eagle Award, an industry award by investigative sites for criteria including professionalism, partnership, efficiencies and financial considerations