Expansion of Business License approved; begins construction on new depot and operations base
Marken announced recently that it has recently received approval for its application for an expanded business license to allow the storage and distribution of clinical trial supplies and drug product in China. The expansion of Marken's business license was approved by the Beijing Ministry of Commerce (MOFCOM). This adds to the company's already rapidly growing courier business in China and will pave the way for the expansion of outbound storage and distribution services in the region. Marken has long and well established experience in China. The company also announced that it has begun construction for its new operating base in Beijing which will be home to its branch operations and its purpose built clinical depot. The Company is expected to be complete with all construction, commissioning and validation in the second quarter of 2012.
"The expansion of our China base marks a next step in our strategy to serve our clients better", said Wes Wheeler, Chief Executive Officer. "We already have a significant presence in Asia, with offices in Singapore, Australia, Hong Kong, Beijing and Tokyo. We recognize the importance of the region and are making plans to increase further, reaching into new geographies and ensuring that Marken will continue its leadership in supply chain management".
"We have an aggressive plan to build six more purpose-built pharmaceutical service depots this year", said Frank Wright, President, Clinical Trials Distribution. "With the completion of Argentina and the start of Beijing, we are off to a strong start in 2012. We have engaged a global engineering and construction firm to assist us and ensure that the standards of construction are up to the highest standards in the industry".
Marken is the leading global clinical supply chain service provider dedicated to the pharmaceutical and life sciences industries, supporting over 6,000 investigator sites in more than 100 countries. With decades of experience in the logistics, transport and distribution of temperature sensitive life saving pharmaceuticals, clinical trial supplies and specimen collection; Marken integrates Depot and Logistics services into solutions that extend the reach of clinical trials to even the most remote treatment naïve geographies. Our team members and network of facilities bridge the distance between patients and the essential resources of life science companies.