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SYMBIOSIS expands across the pond
May 2017
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STIRLING, U.K.—SYMBIOSIS Pharmaceutical Services has announced that it will be opening an office in Cambridge, Mass., a commercial site that will support the contract management organization’s East and West Coast clients. The company has seen revenues grow by 40 percent in the last 12 months, and has increased its staff by 30 percent to meet service demand.
 
Colin MacKay, CEO at SYMBIOSIS, commented: “Given Cambridge is the epicenter of the global biotech community, it is the ideal location for us to open an office in the U.S. Back in 2015, we took the decision to strategically focus on the North American market after we identified a surge in funding for early-stage biotech companies … Since strengthening our U.S.-focused personnel and developing our relationships with networks like ISPE and MassBio, we have significantly grown our U.S. client base, which is projected to account for around half of our revenues in 2017. Opening the office on the U.S. East Coast is the next stage of the company’s growth strategy.”

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