Monday, December 19, 2011
Crystal3 Labs, a cGMP contract research organization based in Boca
Raton, FL, has been acquired by an individual investor, Vithalbhai Dhaduk, M.D., of Fargo, ND. Financial terms of the transaction were not disclosed. The company will also change its name to Global Pharma Analytics.
Founded in 2007, Global Pharma Analytics provides pharmaceutical research
services and analytical testing of drugs and medical devices for the pharmaceutical and biotechnology industries. The company employs 6 people
Dr. Dhaduk serves as chairman of several biotech companies he cofounded. He is also an actively practicing neurologist and is currently chief of neurology at the Community Medical Center in Scranton, PA.
“Our name change reflects our increased investment in developing CRO services to meet the needs of pharmaceutical and biotechnology companies conducting research around the world. We look forward to working closely with Dr. Dhaduk, as his wisdom and extensive industry experience will be very valuable to us and to our clients,” said Satish Chandran, Ph.D., chief executive officer at Global Pharma.