+1-888-308-5802     

Marken expands clinical network with three European logistics firms

Author : Pankaj Singh | Published Date : 2019-07-16 

Marken, the clinical supply chain subsidiary of UPS recently announced to have acquired 3 European logistics firms; HRTL based in Italy, Der Kurier & HETO in Hungary and Austria. In collaboration, the group operates with offices in Milan, Vienna, Milan, Gyor (near Budapest) and Rome to deliver 7,000 clinical trial shipments every month.

For the record, HRTL was founded as a specialist courier service, serving the clinical trials industry. Since then, the group has obtained its own licenses to run services in their respective countries. The group has also developed strong relationships with airlines, customs brokers & local providers. The group's locations are near major airports for providing maximum flexibility for accelerating time & temperature-sensitive shipments.

As per credible sources, Marken has plans to expand its core clinical trials logistics prospects in eastern & Central Europe. Austria, Hungary & Italy are major sources of drug manufacturing and particularly drugs which are produced in sterile format. 

Due to sensitivity, sterile drug product requires certain temperature conditions during transport for stability.  Central & Eastern Europe are also major locations for recruitment of clinical trial patients and this acquisition will reinforce biologic sample services by Marken in the region. The firm’s hybrid services, which employ the network and airline services of UPS, will be offered gateway airports in Budapest, Rome, Milan & Vienna.

Wes Wheeler, CEO, Marken, was reported to say that the acquisition of this group of companies is an extension of firm’s growth with its footprint expansion in Italy, Austria & Hungary. The company plans to quickly integrate these new companies to its network and will provide a more efficient operating service in Europe.

The new acquisition will bring Marken's total network of sites to 51, which includes 10 Good Manufacturing Practice qualified clinical storage depots. This acquisition is also expected to strengthen the firm’s dedication to providing logistics services to the pharmaceutical companies and life sciences industries in Europe.

Source credits: https://finance.yahoo.com/news/marken-acquires-three-european-logistics-050000009.html

About Author

Pankaj Singh

Pankaj Singh

Endowed with a post graduate degree in management and finance, Pankaj Singh has been a part of the online content domain for quite a while. Having worked previously as a U.K. insurance underwriter for two years, he now writes articles for fractovia.org and other online portals. He can be contacted at- [email protected] | https://twitter.com/PankajSingh2605

Related News

General Motors expects positive results as supply chain strains ease

Published Date: 2021-12-03         Author: Pankaj Singh

Chief Financial Officer of General Motors Co., Paul Jacobson, reportedly stated that the carmaker expects full-year adjusted pre-tax profits to be around USD 14 billion, higher than the previous prediction of USD 11.5 billion to USD 13.5 billion. Strong consumer demand, high vehicle prices, and s... Read More

Global airlines prepping for a new wave of volatility posed by Omicron

Published Date: 2021-12-02         Author: Pankaj Singh

International airlines are reportedly preparing to combat the emerging threat posed by the new variant of coronavirus, Omicron, which might compel them to modify destinations and schedules on short notice and gravitate more towards domestic markets. Although many passengers have already booked tr... Read More

Celltrion to supply COVID-19 antibody therapy to 9 European countries

Published Date: 2021-12-01         Author: Pankaj Singh

South Korean biopharma company Celltrion has reportedly signed agreements with nine European countries to provide Regkirona (regdanvimab), a monoclonal antibody therapy for COVID-19. The European Commission in November granted the drug marketing authorization for adults infected with the virus wh... Read More

© 2021 Fractovia. All Rights Reserved