Synexus

Business

Synexus recruits and treats patients in clinical trials, supporting late-stage drug research. With Lyceum’s support it grew to become one of the largest clinical trial research site groups in the world and operates from 24 sites in eight countries.

Having increased its contracted order book by more than £125m to over £140m from 2011 to 2014, Synexus has grown revenues over the same period from £17m in FY11 to £41m in FY14. EBITDA reached £7.8m in FY14, up 35% on FY12, with a further increase expected in FY15. This performance has led to Synexus being recognised by GrowthAccelerator, the UK Government’s business growth advisory service, as a ‘hyper-growth’ business.

Woman lying down for CT scan
We have worked with Synexus to expand its international capabilities and broaden its service portfolio

Market

Regulatory drivers and a focus on efficiency throughout the drug development process has created demand for cost-effective pharmaceutical trials, which can reach out to many patients quickly and deliver consistent, high-quality clinical outcomes.

Strategy

In order to build a global, market-leading business, we developed a strategy with management that focussed on:

“The company’s excellent progress is directly related to putting in place a team and operational structure with expanded best-in-class capacity that deliver for clients and the business alike.” Andrew Aylwin, Partner at Lyceum Capital and board member at Synexus

Developments

With our support Synexus: