Area pharmaceutical companies BioClinica and Novo Nordisk both said this week they are growing in what they do best.
BioClinica, which is based in Newtown, Bucks County, is a contract research organization (CRO) which means it administers clinical trials all over the globe for drug companies.
BioClinica said revenues increased from $16.9 million to $19.1 million (an increase of 12.8 percent) as compared with the same period in 2011. Using GAAP formula, BioClinica said its profit rose from $924,000 to $1 million for the same period.
The link to the BioClinica press release and report is here.