History
Averion International Corp. (Averion) is a leading mid-sized, international clinical research organization (CRO) with proven expertise in supporting global clinical trials for pharmaceutical, biotechnology and medical device companies. The Company as it operates today evolved through a series of acquisitions, each of which involved the addition of a high-quality CRO with significant expertise and a proven track record.
Our acquisition strategy began in earnest in 2005, when the Company, then a life sciences staffing business know as IT&E International Group, Inc. (IT&E), acquired its first stand-alone CRO business. A timeline of significant events follows.
Timeline of Acquisitions:
| 2005 |
– IT&E acquires Millennix, Inc., an Oncology-focused CRO that was founded by Dr. Gene Resnick in 1996. Millennix, Inc. provided Phase I through IV oncology clinical trials services to its clients. |
| 2006 |
– IT&E Acquires Averion Inc., a CRO that began operations in 1983 as Boston Biostatistics, Inc. which was co-founded by Philip T. Lavin, Ph.D. and David Schoenfeld, Ph.D. Boston Biostatistics, building upon its data management and statistical service offerings, grew into a full-service CRO during the 1990s. In 2001, Boston Biostatistics changed its name to Averion Inc., to reflect the company's change in scope. |
| 2006 |
– Following the acquisition, the combined Company changed its name to Averion International Corp. and ticker symbol to AVRO.BB |
| 2007 |
– Averion divests IT&E staffing business segment in order to focus on growing its core clinical research business. |
| 2007 |
– Averion acquires Hesperion AG, a 10-year old, Switzerland-based CRO having significant experience in supporting global Cardiology, Oncology and Vaccines trials. Hesperion's acquisition doubled the size of Averion and significantly expanded the Company's global reach in European and rest of world countries. |
Today, Averion is a leading CRO with a 25+ year history in supporting clinical trials for its clients. The Company now has over 400 professionals working in 14 countries.