Morrisville CRO Clinipace lands $10M in new equity

Morrisville-based contract research organization Clinipace, has raised $10 million in an equity raise from 16 investors, according to a regulatory filing. The company, which launched in 2003, is one of the larger CROs, with 800 employees. Clinipace has raised nearly $90 million in debt and equity since its founding. Jeff Williams, the co-founder and CEO at Clinipace Worldwide, who was head of the company for 14 years, stepped down in October 2017. Jason Monteleone, who recently launched a financial consulting firm but does have an extensive background in the life science industry, replaced him as CEO. The company handles regulatory...

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