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Citeline and Norstella Unite to Offer Life Sciences Clients a Full Suite of Commercial and Clinical Solutions

Yardley, PA, June 28, 2022 (GLOBE NEWSWIRE) — Norstella, an organization that helps life sciences companies navigate the complexities of the drug life cycle, and Citeline (formerly Pharma Intelligence)""a leading provider of specialist intelligence, data and software for clinical trials, drug development and regulatory compliance""have announced an agreement to merge the companies.

By uniting Norstella, which is comprised of four prominent pharmaceutical solutions providers""Evaluate, MMIT, Panalgo and The Dedham Group""with Citeline, the combined company will be well positioned to help life sciences companies reach patients faster by providing clients with the intelligence and answers they need from early clinical development through to commercialization. This move reflects the shared goal of becoming an end–to–end solution provider, helping patients access life–saving therapies.

As life sciences companies drive innovation toward more specialized therapeutics across all disease areas including oncology and rare disease, and patient populations become more targeted, they need to make critical decisions about how to bring the right drugs to market, how to construct clinical trials leveraging the latest innovations in real–world data and data science""and with end points that consider future payer reimbursement decisions""and, ultimately, how to reach patients in need.

"Accelerating innovation and ensuring that every patient gets the therapy that they need is our North Star," said Norstella CEO Mike Gallup. "By bringing clinical and commercial intelligence together""along with real–world data""the combined company will be well positioned to deliver on its mission."

Together, Norstella and Citeline will play a critical role in helping pharmaceutical manufacturers plan for and overcome barriers to access, not just during clinical trials but at every stage in the drug development life cycle. Citeline's solutions, including its portfolio of clinical trial products, provide insights that improve the speed and efficiency of clinical trials and reduce risk. Now, the Citeline solutions""along with MMIT's PAR data and other complementary Norstella data assets""can be powered by Panalgo's Instant Health Data Analytics platform to provide transformative answers that will improve workflow and decision–making and, ultimately, help products get to market and to patients quicker than ever before.

"At Citeline, our mission is to accelerate the connection of treatments to patients and patients to treatments. Ultimately, this marriage of commercial and clinical capabilities will advance the mission and enable the pharmaceutical C–suite to manage portfolio strategy like never before," said Ramsey Hashem, CEO, and Jay Nadler, Executive Chair, of Citeline. "This includes deciding which drug to bring to market, what new indications to pursue for a drug and how to target patients for clinical trials more quickly and with reduced cost. And now, this includes understanding how to design clinical trials that yield the types of data that payers need to make appropriate reimbursement and formulary decisions."

"It's about making a difference in the lives of patients," said Gallup. "This move will help us make our vision of a more innovative, accessible healthcare marketplace a reality."

The merger is expected to close in the second half of 2022 subject to customary closing conditions and regulatory approvals.

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About Norstella
At Norstella, our mission is simple: to help patients gain access to life–saving therapies. Norstella consists of several prominent organizations""Evaluate, MMIT, Panalgo and The Dedham Group""that have united to offer a full range of pharmaceutical consultancy services and solutions. As one organization, Norstella provides life sciences clients with the right tools and expertise to navigate complexities at each step of the drug development life cycle, from pipeline to patient. For more information, visit Norstella and follow on LinkedIn.

About Citeline
Citeline (formerly Pharma Intelligence) powers a full suite of complementary business intelligence offerings to meet the evolving needs of health science professionals to accelerate the connection of treatments to patients and patients to treatments. These patient–focused solutions and services deliver and analyze data used to drive clinical, commercial, and regulatory related–decisions and create real–world opportunities for growth.

Our global teams of analysts, journalists and consultants keep their fingers on the pulse of the pharmaceutical, biomedical and medtech industries, covering it all with expert insights: key diseases, clinical trials, drug R&D and approvals, market forecasts and more. For more information on one of the world's most trusted health science partners, visit Citeline.


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Hitachi Energy and Petrofac to collaborate in growing offshore wind market

Zurich, Switzerland, June 28, 2022 (GLOBE NEWSWIRE) — Hitachi Energy a market and technology leader in transmission, distribution and grid automation solutions, and Petrofac, a leading international service provider to the energy industry, have entered into a collaboration to provide grid integration and associated infrastructure to support the rapidly growing offshore wind market.

This collaboration builds on the complementary core technologies and expertise of both companies in offshore wind to support the decarbonization of power systems and deliver clean energy. It covers high–voltage direct current (HVDC), as well as high–voltage alternating current (HVAC) solutions.

Hitachi Energy's HVDC Light and modular HVAC grid technologies and solutions and Petrofac's world–class engineering, procurement, construction and installation capabilities for offshore platforms and offshore and onshore civil works, will bring considerable benefits to the efficient implementation of offshore wind projects and help accelerate the energy transition.

"We are delighted to collaborate with Petrofac to help meet the growing need for large–scale offshore wind generation and deliver clean renewable electricity to consumers. As leaders in our respective fields, this collaboration will create added value for our customers and help accelerate the energy transition," said Niklas Persson, Managing Director of Hitachi Energy's Grid Integration business. "Our HVDC and HVAC solutions are key enablers of the transition to a global energy system that is more sustainable, flexible and secure."

"Offshore wind plays a crucial role in the transition to clean, affordable energy and we've been successfully delivering major projects in the sector for more than a decade now," said Elie Lahoud, Chief Operating Officer, Engineering & Construction of Petrofac. "Hitachi Energy is well known for its long track record in providing innovative technologies and solutions across the power grid value chain. We look forward to bringing our industry–leading experience and deep domain knowledge together, to benefit our customers and power millions more homes using renewable energy."

Recent Hitachi Energy HVDC offshore wind projects include Dogger Bank, the world's largest offshore wind farm off the UK coast, and four of the DolWin and BorWin HVDC hubs that connect multiple wind farms in the North Sea to the German power grid.

Hitachi Energy is also a global leading supplier of grid connection solutions for the AC offshore wind farms industry.

Editor's notes

Offshore wind is undergoing unprecedented growth globally. In 2021, a record 15.7 gigawatts (GW) of capacity were added, compared to around 5.2 GW per year in 2020 and 2019, according to World Forum Offshore Wind.1

Hitachi Energy pioneered HVDC almost 70 years ago and has delivered more than half of the world's HVDC projects and more than 70 percent of the world's voltage source converter (HVDC Light) installations. HVDC Light is the technology of choice for transferring power over long distances from offshore wind farms to the mainland grid. Its defining features include uniquely compact converter stations (which is extremely important in space–critical applications like offshore wind platforms), exceptionally low electrical losses of less than 1 percent, and black–start capability to restore power after a grid outage.

  1. https://wfo–global.org/wp–content/uploads/2022/02/WFO_Global–Offshore–Wind–Report–2021.pdf

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About Hitachi Energy Ltd.

Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We serve customers in the utility, industry and infrastructure sectors with innovative solutions and services across the value chain. Together with customers and partners, we pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon–neutral future. We are advancing the world's energy system to become more sustainable, flexible and secure whilst balancing social, environmental and economic value. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries. Headquartered in Switzerland, we employ around 38,000 people in 90 countries and generate business volumes of approximately $10 billion USD.

https://www.hitachienergy.com

https://www.linkedin.com/company/hitachienergy

https://twitter.com/HitachiEnergy

About Hitachi, Ltd.

Hitachi drives Social Innovation Business, creating a sustainable society with data and technology. We will solve customers' and society's challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products, under the business structure of Digital Systems & Services, Green Energy & Mobility, Connective Industries and Automotive Systems. Driven by green, digital, and innovation, we aim for growth through collaboration with our customers. The company's consolidated revenues for fiscal year 2021 (ended March 31, 2022) totaled 10,264.6 billion yen ($84,136 million USD), with 853 consolidated subsidiaries and approximately 370,000 employees worldwide. For more information on Hitachi, please visit the company's website at https://www.hitachi.com.


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