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Home Industry News Service Engineering Canyon Labs Expands Capabilities with Strategic Acquisition and Integration
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Canyon Labs Expands Capabilities with Strategic Acquisition and Integration

20th January 2025

Canyon Labs, backed by MedVenture Health, has strategically acquired and integrated iuvo BioScience’s laboratory and consulting personnel into its operations. This move significantly advances Canyon Labs’ end-to-end solutions in pharmaceutical and medical device development, with new capabilities emerging from their Rochester, NY location. Iuvo BioScience retains focus on ophthalmic clinical development, post acquisition of Promedica International.

Canyon Labs, a leader in testing and consulting for the pharmaceutical and medical device sectors, is enhancing its capabilities through strategic expansion. With operations already established in Salt Lake City, San Diego, and now Rochester, Canyon Labs can provide advanced services like rapid sterility testing. The acquisition supports the company’s aim to deliver innovative solutions and set new industry benchmarks. David Kudla, Donnalee Ventura, Nancy Rakiewicz, and Christopher Dietz, part of the experienced leadership team, will drive these initiatives forward. Meanwhile, iuvo BioScience, supported by Ampersand Capital Partners, continues its journey as a global leader in ophthalmic clinical research, with an expanded focus on anterior and posterior segment conditions under Shannon Stoddard’s leadership.

By leveraging strategic partnerships and acquisitions, Canyon Labs is poised to become an influential player in the medical product market. Their commitment to safety, quality, and effectiveness is evident as they streamline product launches and reduce time to market. Iuvo BioScience, in parallel, is positioned to push the boundaries of ophthalmic clinical research. These advancements signal exciting developments for the healthcare industry.

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