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M3 (MTHRY) Stock News

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M3 Wake Research has appointed Lucian Cappoli as the new Head of Early Development and Phase I Operations, effective March 7, 2023. Cappoli, who has extensive experience in Phase I clinical research, aims to enhance the capabilities of their Phase I research sites and expand operations across the network. The Raleigh site, operational since 2012, will serve as a cornerstone for this growth. Cappoli expressed enthusiasm for performing early-phase studies, focusing on safety and efficacy to expedite drug delivery to patients. This move positions M3 Wake Research to capitalize on the expanding clinical trial market.

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M3 Wake Research has announced the acquisition of Multi-specialty Research Associates (MSRA) located in Lake City, Florida. This strategic move expands Wake Research's operations into a new state, enhancing its national footprint of 23 clinical research sites across eight states. The acquisition is aimed at improving access to diverse clinical trials, particularly in women's health, vaccines, and primary care, while leveraging MSRA's established reputation and expertise in clinical research. Financial details of the transaction remain undisclosed.

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Wake Research, a leading clinical trial network, was recognized as a Top Enroller by Novavax for their COVID-19 Phase III vaccine trial, enrolling over 2,000 patients. Since the start of Operation Warp Speed, they have contributed significantly to vaccine data. The Novavax vaccine shows promise, with U.K. trials indicating 89.3% efficacy. The vaccine's distribution is simplified due to its non-mRNA formulation. Additionally, Wake Research was featured as a Top CRO Service Company of 2021 by PharmaTech Outlook due to their impactful work in clinical research.

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FAQ

What is the current stock price of M3 (MTHRY)?

M3 (MTHRY) last closed at $5.83.

What is the market cap of M3 (MTHRY)?

The market cap of M3 (MTHRY) is approximately $8.0B.