In Brief: Searle
Executive Summary
Searle: Parexel named by company as preferred provider for pharmaceutical clinical development services. Pharmaceutical companies have been looking to consolidate their use of contract research organizations as one aspect of recent downsizing moves. The agreement with Boston-based Parexel will allow Searle to retain an internal research & development staff of "about half the size needed to satisfy all needs and contingencies internally," Searle said...