Pharma Serv Acquires Integrated Validation Services (IVS)

Pharma Serv (based in Dorado, PR) has acquired Integrated Validation Services (IVS) to expand domestic U.S. Operations. The company is better prepared to offer global compliance services to the Pharmaceutical, Biotechnology AND Medical Device Inductires.

Dorado, PR (PRWEB) March 21, 2006 –- Pharma Serv, the largest regulatory compliance and validation services company to the pharmaceutical industry in Puerto Rico, today announced the acquisition of the operations and assets of Pennsylvania-based Integration Validation Services (IVS), said Pharma Serv President Elizabeth Plaza.

“We were attracted to IVS’ biotechnology client roster,” said Plaza. “In Puerto Rico, the industry’s focus is rapidly changing to biotechnology and we are looking to strengthen our capacity to offer services to biotechnology companies.”

Pharma Serv was founded in 1993 by Plaza. “In this industry, it is very important to have proven knowledge and experience. Today Pharma Serv has approximately 170 employees who provide services to more than 25 pharmaceutical companies,” said Plaza.

IVS, founded in 1995, also has a history of longevity. Based outside of Philadelphia, Hilltown, PA based IVS brings more than 10 years experience of servicing FDA regulated industries in the U.S. mainland.

“Our company planned a double celebration yesterday -- our 13th anniversary and the IVS acquisition,” said Plaza. “Our longevity in this market is a result of our vast experience in the validation and regulatory sectors. While the validation industry has slowly turned into more of a supply-and-demand situation compared with proven experience, we have seen a natural selection process where companies like ours are recognized for their excellent capabilities and stability.

“This acquisition represents an affirmative step in Pharma Serv’s vision and strategic goals to expand its business markets and services provided on a global basis,” said Plaza, adding that “IVS’ professional staff includes excellent professionals that, combined with Pharma Serv’s Puerto Rico operations, could further expand its competitive advantage on the island and also on the U.S. mainland. Pharma Serv’s service line will also be expanded by bringing additional professional experience primarily in biologic and technology applications.”

Pharma Serv is a subsidiary of Plaza Consulting Group Inc. The company has provided services to pharmaceutical companies in Puerto Rico, the U.S. mainland, South America and Europe. Pharma Serv offers its customers regulatory compliance, commissioning, validation, qualification, automation, microbiological and chemical laboratory support, project management, engineering, calibration, instrumentation services, technology transfer, process support, technical writing and documentation support, environmental health and safety, training, procurement support, and staffing/recruitment/placement. For more information on Pharma Serv’s services, please call 1-888-VALIDATE or visit the company’s website at http://www.pharmaservpr.com.

Contacts:

Puerto Rico Office      Philadelphia Office

Jose Francisco Gonzalez     Matthew R. McMenamin

PR Director of Operations Director of U.S. Operations

T. (787) 278-2709     T. (215) 997-3310 x108

F. (787) 796-5168     F. (215) 997-3312

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