your password has been reset successfully, Please login again.

Ajay Piramal-led Piramal Enterprises buys US-based Context Matters

Primal Enterprises Ltd is in discussions to buy US-based Context Matters Inc.
BY BEx Bureau
BusinessEx
Aug 17, 2017

The acquisition, which was done through its wholly-owned subsidiary Decision Resources Group, was made at $0.036 apiece for the shares of common stock and at $0.293 apiece for the shares of multiple classes of preferred stock, Piramal Enterprises said in a stock market disclosure.

In 2010, Context Matters initiated with an aim to provide insights to firms in the life sciences industry globally. "Context Matters was created from the idea that data from market access and reimbursement can be used to inform clinical trial design," saidYin Ho, the Founder and CEO of Context Matters.

After this transaction completes, Data resources Group will get access to core data asset for its global market access data and analytics business, Piramal Enterprises said.

Decision Resources Group offers data, analytics and services to the life sciences, payer and financial services industries across North America, Europe, and Asia.

"There is an ever-rising demand to optimize global access to treatments for patients in therapy areas that continue to have unmet need. In our increasingly complex and cost-benefit driven markets, it is imperative for healthcare companies to build robust, evidence-based approaches to plan and prepare their assets for successful global market access," says Peter Hempshall, Senior Vice President of DRG.

He added, "With the acquisition of Context Matters, DRG is pleased to welcome an experienced team of pioneering global market access experts. They have been at the forefront of compiling and connecting disparate forms of data to provide life sciences companies with the depth of data and direction needed to plan and implement successful access, reimbursement, and asset valuation strategies for varied global markets."

Please add your Comment
SIMILAR News
November 14, 2018
True North has acquired a 75% stake in Shree Digvijay Cement Company Ltd from Brazil-based Votoranti ...More
By Vaishnavi Gupta
November 13, 2018
The investment is made by the firm to boost its capabilities to deliver tech solutions that will hel ...More
By Vaishnavi Gupta
November 12, 2018
With this acquisition, Mphasis will increase its end-to-end capabilities in the public cloud domain, ...More
By Vaishnavi Gupta
November 12, 2018
This acquisition will help Mumbai-listed AGC to add over $600 million in annual revenue and about 3, ...More
By Vaishnavi Gupta
November 09, 2018
The acquisition is in line with the company's strategy to boost the value for its stakeholders throu ...More
By Vaishnavi Gupta
November 03, 2018
Viithiisys, with this acquisition, will expand its product portfolio and list of clients. ...More
By Vaishnavi Gupta
November 02, 2018
Post acquisition, W12 Studios will be a part of TCS Interactive, the digital division of the IT serv ...More
By Vaishnavi Gupta
November 01, 2018
The fresh funds will be used by Turms to expand its product categories, hire tech talent and launch ...More
By Vaishnavi Gupta
October 31, 2018
The funds raised will be used by Duroflex to expand to new markets across India. ...More
By Vaishnavi Gupta
October 30, 2018
With this deal, ZipGo will become the country's largest technology-driven, business-to-customer bus ...More
By Vaishnavi Gupta
October 29, 2018
For acquiring Red Hat, IBM will pay $190 per share in cash. ...More
By Vaishnavi Gupta
October 26, 2018
After the acquisition, Bluecore will expand its footprint in the Indian e-commerce market by establi ...More
By Vaishnavi Gupta