Creation of Inceptua Clinical Trial Services marks new era for the company

LUXEMBOURG – 23 APRIL 2018 – Inceptua Group (previously Multipharma) today announces that its Clinical Trial Supplies business unit is rebranding to Inceptua Clinical Trial Services. Going forward, all of the group’s three business units including Clinical Trial Services, Medicines Access and Commercial Products will be marketed under the same corporate brand name, Inceptua.

Since the founding in 1997, Inceptua Group – headquartered in Luxembourg – has grown to become one of the leading global players in the clinical trial services market, offering reliable sourcing and logistics expertise for comparator drugs, clinical trial supplies, and clinical manufacturing services.

“The name change marks the shift from Multipharma to Inceptua and a new era for the company. We have a strong heritage sourcing medicine supplies for clinical trials, and we will continue to strategically develop our offering in this niche and operate as recognized experts in this area,” says Alan Raffensperger, Chief Executive Officer, Inceptua Group.

“At the same time the change reflects that Inceptua as a group is further developing our position as a strategic partner for pharma and biotech companies, advising our clients on strategies and supporting them with solutions and services across the entire value chain – clinical trials, medicines access and commercialization of products. As of today, our new trademark Inceptua allows us to market our combined offer to clients under the same brand name, reflecting our strategy to be a trusted partner covering the value chain from trial to commercialization.”

As of 2018, the company is operating from offices in Luxembourg, Germany, Switzerland, Japan, the US, the UK, Sweden and China. Inceptua’s multinational team has a global network as well as people on the ground with local knowledge and expertise. This extensive network of global connections means that while the majority of purchasing is direct from manufacturers, the group also has access to qualified distributors to meet  customer needs, as well as critical understanding of local and regional regulatory and compliance requirements.

Looking ahead, Inceptua Group has clear ambition to grow even further and to help solve complex, medical challenges globally:

“Our aim is to further realize the potential of our position as a trusted partner for our clients, by understanding their needs and delivering value in a long-term strategic partnership, both within clinical trial services as well as in our other business areas, medicines access, and commercial products and services. We offer a personalized approach and aim to provide our customers and clients with solutions that positively impact patients’ lives worldwide,” says Kay-Christian Karstadt, Chief Operating Officer.

“We have seen a rapid, increasing and significant development of growth in the need for clinical trial services to meet today’s healthcare burden in areas of high unmet medical need. It is our strategy with Inceptua Clinical Trial Services to navigate the complex and highly dynamic environment, providing a vital advisory role for customers and supporting them throughout the process.”

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BIO

CEO and Board Member

Stefan Fraenkel

Stefan Fraenkel is the CEO of the Inceptua Group and is also on the Inceptua Board. He has extensive experience in the pharmaceutical industry. Before joining Inceptua, he held senior management positions at Sobi (Swedish Orphan Biovitrum), Sweden’s largest publicly listed specialty pharmaceutical company, leading Marketing & Sales and serving as Head of Corporate Development and Strategy.

Previously, Stefan worked at Pfizer and Wyeth in international commercial leadership roles across Europe and the USA, gaining deep insights into global pharmaceutical markets and strategies. Stefan has also spent part of his career in management consulting. Stefan holds a PhD in International Economics, an MBA, and a BSc in Engineering.

BIO

Member of the Board

Chris Hasslinger

Chris Hasslinger is a Partner of Vesey Street Capital Partners and serves as a member of the Firm’s Investment Committee. He joined VSCP in 2023 and is responsible for sourcing and evaluating new investment opportunities and general portfolio company management. Mr. Hasslinger has nearly three decades of experience in healthcare and technology strategy and deal-making within the industry as well as in investment banking and private equity. He has extensive M&A experience, having closed over $20 billion in transaction value, and has established and structured a number of large commercial partnerships.

BIO

Executive Vice Chairman

Alan Raffensperger

Alan Raffensperger has a robust leadership background in the pharmaceutical industry, having served as CEO of Inceptua and COO of Sobi (Swedish Orphan Biovitrum), along with significant international executive roles at Amgen, Roche, and Pharmacia.

He has also been CEO for venture capital-owned medical device companies, showcasing his versatility in healthcare leadership. Alan’s early career as an advanced life support paramedic provided a strong foundation in emergency healthcare.

He holds an MBA and a BA in Emergency Health Care Management.

BIO

Member of the Board

Blake Goodner

Blake Goodner is a founder member of the investment firm Bridger Capital. He previously worked as a healthcare analyst at Tiger Management and a healthcare investment banker at Morgan Stanley. He currently serves as an advisor and board member for a range of healthcare companies. Mr. Goodner has been a member of the Trinity College Board of Visitors and the Duke Annual Fund Executive Committee. He is a current advisory board member with The Duke Margolis-Center for Health Policy.

BIO

Member of the Board

Adam Feinstein

Adam Feinstein is the Managing Partner of Vesey Street Capital Partners. Mr. Feinstein has 30 years of investment experience exclusively in the healthcare services sector. Prior to founding Vesey Street Capital Partners in 2014, he was a Managing Director on Wall Street and a healthcare industry executive. He held the position of Senior Vice President of Corporate Development, Strategic Investments, and Office of the Chief Executive Officer at LabCorp. Before his tenure at LabCorp, he spent 14 years as the Managing Director in Equity Research at Lehman Brothers/Barclays Capital. Mr. Feinstein is the Chairman of VSCP’s investment committee. He is also actively involved in working with portfolio company executives and sourcing new investment opportunities. At the same time, he oversees all of the firm’s investment activities and employees.

BIO

Member of the Board

Larry Marsh

Larry is a General Partner of Vesey Street Capital Partners and serves as a member of the Firm’s Investment Committee. He joined VSCP in 2016, and currently sits on the Board of QualityMetric, Safecor Health, and HRGi. He is responsible for portfolio company management and for evaluating new investment opportunities. Prior to VSCP, Larry was EVP, New Market Development & Chief Strategy Officer at Fortune 10 AmerisourceBergen. Prior to that, Larry was the #1 ranked Healthcare Technology & Distribution analyst on Wall Street for over a decade, at Barclays, Lehman Brothers, Salomon Smith Barney, and Wheat First Butcher & Singer. Larry worked with Adam, Bryan, Dan, and Joe at Barclays and Lehman. Larry received a B.S. in Economics & Management as well as an M.B.A. from the University of Richmond, and an M.P.H. from Columbia University.

BIO

Member of the Board

Heyward Donigan

Heyward Donigan is a seasoned healthcare CEO, Board Member, and Private Equity Advisor with broad industry experience and a track record of profitable growth. From 2019 to 2023, Ms. Donigan served as Rite Aid’s president and chief executive officer, making her one of the few women CEOs of a Fortune 500 company. While at Rite Aid, Ms. Donigan led the company to through a major brand, merchandise and technology transformation, debt reduction/refinancing, while also leading the company through a pandemic. Ms.Donigan is currently a strategic advisor to Vesey Street Capital Partners, Arima Health, and a board member of OnMed.

BIO

Executive Chairman

Doug Cook

Doug Cook is the Executive Chairman at Inceptua. Mr. Cook began his career driving the early success of Livingston Healthcare, leading to the purchase by UPS to become what is today UPS’s Global Healthcare business. After Livingston Healthcare, Mr. Cook moved to AmerisourceBergen (now called Cencora/COR) in 1998 and had an impressive career overseeing most of Cencora’s high growth, manufacturer-facing business. Mr. Cook ultimately served as the Executive Vice President, President Commercialization and Animal Health for COR.

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