IQVIA

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"Quintiles" redirects here. For other uses, see Quintile (disambiguation).
IQVIA Holdings, Inc.
TypePublic
IndustryContract Research Organization
Pharmaceutical Service Consulting
Founded1982; 39 years ago (1982)
HeadquartersDanbury, Connecticut, U.S.
Durham, North Carolina, U.S.
Key people
Dennis Gillings, Founder
Ari Bousbib, Chairman and CEO
ProductsSupport services for pharmaceutical, biotech and medical companies and individuals
RevenueIncreaseUS$11.359 billion (2020)[1]
Increase US$308 million (2020)[1]
Total assetsIncrease US$24.6 billion (2020)[1]
Total equityIncrease US$49.57 billion (2021)[1]
Number of employees
88,000+ [1] (2021)
Websiteiqvia.com

IQVIA, formerly Quintiles and IMS Health, Inc.,[2] is an American multinational company serving the combined industries of health information technology and clinical research. IQVIA is the largest Healthcare Data Science Company and leader in Human Data Science Technology. It is a provider of biopharmaceutical development and commercial outsourcing services, focused primarily on Phase I-IV clinical trials and associated laboratory and analytical services, including consulting services. It has a network of more than 88,000 employees in more than 100 countries and a Market Capital of USD $49 Billion as of August 2021.[2] As of 2019, IQVIA was reported to be one of the world's largest contract research organizations.[3]

History[]

In 1982, Dennis Gillings founded and incorporated Quintiles Transnational in North Carolina.[4] Quintiles Transnational established Quintiles Pacific Inc. and Quintiles Ireland Ltd. in 1990.[5] In 1991 Quintiles GmbH was established in Germany and Quintiles Laboratories Ltd. was established in Atlanta, Georgia.[6] In September 1996, Quintiles purchased Innovex Ltd. of Britain for $747.5 million in stock.[7] Quintiles went public in 1997 and completed a successful secondary stock offering.[8]

Over the course of 2016, concluding on October 3, Quintiles underwent a $17.6 billion merger with IMS Health, becoming QuintilesIMS.[9] As a result of the merger, the OneKey worldwide healthcare professionals database developed by Cegedim Relationship Management became part of QuintilesIMS.

In November 2017, the company adopted the new name of IQVIA, and changed its ticker symbol on the NYSE from Q to IQV.[2]

UK operations[]

IQVIA was contracted by the UK government's Office of National Statistics to provide data on the prevalence of Covid-19 infection in the population. Some users of the survey reported problems contacting IQVIA and arranging for testing.[10] The problems with how the survey results were collected were criticised for potentially leading to biased data by New Scientist.[11]

References[]

  1. ^ Jump up to: a b c d e "☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934" (PDF). U.S. Securities and Exchange Commission. Retrieved 29 September 2018.
  2. ^ Jump up to: a b c "QuintilesIMS is now IQVIA". Business Wire. 6 November 2017. Retrieved 6 November 2017.
  3. ^ Melissa Fassbender (9 November 2017). "QuintilesIMS now IQVIA as it aims to 'outpace the inevitable progress of change'". Outsourcing-Pharma.com; William Reed Business Media Ltd. Retrieved 17 December 2017.
  4. ^ Matthew Herper (November 22, 2010). "Money, Math and Medicine". Forbes Magazine. Retrieved July 21, 2011.
  5. ^ "Quintiles Pacific, Inc.: Private Company Information - Businessweek".
  6. ^ "Quintiles Laboratories Limited: Private Company Information - Businessweek".
  7. ^ Derdak T, Atkins, W (2005). "Quintiles Transnational Corp". Encyclopedia.com.CS1 maint: uses authors parameter (link)
  8. ^ Olivia Oran (9 May 2013). "Quintiles IPO raises more-than-planned $947 million as stocks rally". Reuters.
  9. ^ Henderson, Jennifer (3 October 2016). "Quintiles, IMS Health complete merger". Triangle Business Journal, American City Business Journals. Retrieved 3 October 2016.
  10. ^ Vaughan, Adam. "UK's vital covid-19 infection tracking survey deluged by complaints". New Scientist. Retrieved 2021-07-13.
  11. ^ Vaughan, Adam. "UK's official statisticians had concerns over covid-19 survey bias". New Scientist. Retrieved 2021-07-13.

External links[]

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