Mercury takes 30% stake in Australia's Novotech
Mercury Capital has taken a 30% stake in Novotech, Australia's largest independent clinical trials provider, with a view to aiding its Asia-Pacific expansion. The amount invested was not disclosed.
According to The Wall Street Journal, Mercury also has the option to raise its stake to 50% at a later date. Novotech runs clinical trials on behalf of drug developers who need to prove the efficacy of...
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