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K2 Medical Research and TPG Establish Partnership to Build a Leading Integrated Site Platform
SAN FRANCISCO & ORLANDO, Fla.--(BUSINESS WIRE)-- TPG (NASDAQ: TPG), a leading global alternative asset management firm, today announced a significant
About this update from Tpg Inc.
[{"type":"text","content":" SAN FRANCISCO & ORLANDO, Fla.--(BUSINESS WIRE)--\nTPG (NASDAQ: TPG), a leading global alternative asset management firm, today announced a significant strategic growth investment in K2 Medical Research (“K2” or the “Company”), an integrated clinical trial site platform specializing in central nervous system (CNS) trials for leading pharma and biotech sponsors. TPG is partnering with K2’s management team to continue building a world class research platform. Terms were not disclosed.\n\n\nFounded by Chief Executive Officer, Sean Stanton, and Chief Medical Officer, Brandon Lenox, DO, K2 operates several de novo clinical trial sites across Florida. The Company specializes in conducting multi-phase clinical trials in complex therapeutic areas including Alzheimer’s, psychiatry, and liver disease (MASH), among others. K2’s model is centered around strong site operators, and the Company has successfully differentiated itself by developing direct relationships with pharma and biotech sponsors, while executing an impressive de novo regional growth strategy. The Company has participated in more than 150 studies for over 35 sponsors including AbbVie, Eisai, Eli Lilly, Johnson & Johnson, and Roche.\n\n\n“At the core of our healthcare investing strategy is to partner with and grow companies that are adding value to the healthcare system and enabling better patient outcomes,” said Matthew Hobart, Co-Managing Partner of TPG Growth. “Through its important clinical research work, the team at K2 is delivering solutions that benefit patients, physicians, and the broader research community. We have known Sean for many years and look forward to partnering with him, Brandon, and the K2 team on this next phase of their growth journey.”\n\n\n“As we continue to grow, it is important for us to find a partner that not only brings significant expertise investing behind leading healthcare companies, but also shares our values and commitment to our patients and sponsors,” said Sean Stanton. “Brandon and I founded K2 to offer innovative and practical solutions to patients seeking treatment and to establish a new standard for how clinical trials are delivered. This is critically important work for the families and communities we serve, and we are thrilled to partner with the team at TPG to accelerate our strong momentum.”\n\n\n\"Our innovative approach is key ...