—Josef von Rickenbach,
& CEO, PAREXEL International Corporation, US
Parexel International Corporation is a leading global
biopharmaceutical services organization, providing a broad range of
knowledge-based contract research, consulting, and medical
communications services to lifesciences industries. It is committed to
providing solutions that expedite time-to-market and peak-market
Headquartered in the US, PAREXEL operates from 70 locations in 54
countries around the world, and has approximately 9,720 employees.
PAREXEL has recently opened a new office in Nagoya, Japan – it already
has two offices one in Tokyo and another in Kobe – to support a growing
demand for a broad range of clinical development and regulatory
consulting capabilities in the Asia Pacific region.
Josef von Rickenbach, chairman of the board & CEO, PAREXEL was in
Bangalore (India) and spoke to BioSpectrum about the market trends in
CRO space and about the company’s Asia strategy. Excerpts from the
Q How will the opening of another office
in Japan support the growth of business in APAC?
Japan is attractive to our worldwide client base for inclusion in
global studies, not only for its market potential but also for its high
quality data, advanced technologies, and a large pool of well-trained
professionals. The opening of our office in Nagoya builds on our
established presence and long-term, ongoing commitment to Japan. It
allows us to further assist locally-based clients with regional and
global market access opportunities.
Our regulatory and clinical experts are supporting what we call ‘Japan
plus Asia’ studies, since recent regulatory changes allow for inclusion
of non-Japanese data for registration purposes.
We are also supporting Japan-based biopharmaceutical companies with
simultaneous global clinical studies and provide eClinical solutions,
to accelerate the clinical development process.
Q PAREXEL has witnessed a growth of 39
percent in Asia. How do you plan to maintain this and grow over it?
We have a strong presence in Asia Pacific. We might need to look at
opening offices in countries where we already have operations. I could
envision that we might need to look at strengthening our presence in
India, due to its vast geography.
We have a very robust presence in China—with four offices—and also in
Hong Kong and Taiwan. We wish to remain an entrepreneurial company,
with focus on high quality services to clients, to avoid costly study
delays and conduct quality clinical research, worldwide.
Q Looking ahead, how does Asia fit into
your success story?
Asia is where the growth in CRO business is. And it is not a surprise
in the changing global economy. Since 1995, with the opening of an
office in Japan, with just one person, today, we are operating in all
the countries in Asia. Currently, over 2000 people are working for
Paraxel in the Asia Pacific region, largely from countries like India,
China and Japan.
Q What kind of operations do you have in
countries like Indonesia, Malaysia, and the Philippines?
The markets in these countries are maturing and growing. To meet the
needs of the customers, we need to be present in these fast emerging
markets. Without going into the exact details, I can say, we provide
local activities for clinical operations and global functions to the
Q How do you see the competition in the
Everyone who is keen on working with biopharmaceutical and life
sciences industry is our competitor. We take all compaanies, either
small or big, local or global, who is keen on having a pie in the CRO
industry, seriously and compete with them.
Q What are the growth
projections for PAREXEL?
In the last few years, on an average we have witnessed about 10 percent
growth. Some significant successes in the new business has helped the
company to grow at double-digit even during the economic slowdown.