Wednesday, October 2, 2019

Apex Innovation Sciences Forms From Three Way Merger

A new company, Apex Innovation Sciences--with headquarters in Long Beach, California and Marlton, New Jersey--has formed out of a corporate merger of CNS Network and Hassman Research Insitute, along with the Clinical Trial Centers Alliance, three companies in the clinical trial studies industry, the companies said this morning. Financial details of the merger were not announced. According to Apex, its expertise is in conducting Phase I-IV clinical trial studies for central nervous system indications. The newly merged company is led by CEO Dr. Howard Hassman. As part of the merger deal, the company said it received an equity investment from Bison Capital Partners V, a middle market private equity investor. The companies said the funding will include expansion of the company's behavioral health treatment facility programs.