Sovereign backs the Bioscript team to expand the business
Sovereign Capital Partners is pleased to announce that it has completed a significant investment in Bioscript, a successful medical communications and regulatory writing agency. Sovereign has partnered with the management team to further develop and grow the business.
Established in 2005, Bioscript is an international provider of medical communications and regulatory writing services for pharmaceutical companies. Headquartered in Macclesfield and with a team of c.96, Bioscript assists clients in their communications with regulatory authorities as well as educating the medical sector on pharmaceutical products that are in mid- to late-stage clinical trials and subsequently supporting these products, post market launch, to maintain and grow sales throughout the lifecycle of the drug.
Bioscript, which focuses on the clinical end of the medical communications spectrum, in addition to regulatory writing support, has a strong reputation in the market reflected in its many longstanding customer relationships which include a number of the top 20 global pharma companies together with other pharma and biotech clients.
Sovereign is backing the management team led by Andrew Medley, founder and CEO, and Jill Harrison, Executive Director. Chris Brinsmead joins the team as Non-Executive Chair. Chris brings more than 30 years of Pharmaceutical experience, including an executive leadership role with AstraZeneca and non-executive directorships with UDG Healthcare and Kinapse.
Dominic Dalli, Managing Partner, Sovereign said: “We have followed Bioscript for more than seven years and are delighted to be backing this highly skilled team as they look to the future. The market offers real opportunity, and the team are keen to build a significantly larger business in the UK and internationally. We look forward to bringing both our strategic investment and partnership approach.”
Andrew Medley, founder and CEO, Bioscript commented, “We are very pleased to have found an investment partner that shares our ambitions for the business, in what is a highly interesting and evolving market. We have always prided ourselves on delivering a consistently high-quality service to our clients. With Sovereign’s support, we are looking forward to creating new opportunities to develop our services and expand our geographic reach, to further enhance our client experience.”