PRA Health Sciences

PRA Health Sciences is a contract research organization that provides outsourced clinical development services to the biotechnology and pharmaceutical industries. The company offers therapeutic expertise in areas including integrated drug development, clinical diagnostics, and statistical analysis. Its service offerings include both traditional, project‑based Phase I through Phase IV services as well as embedded and functional outsourcing services.

Employee Rating

4.1More
TypeSubsidiary
Parent CompanyICON
HQRaleigh, NC, US
Founded1976
Websiteprahs.com
Cybersecurity ratingBMore
PRA Health Sciences was founded in 1976 and is headquartered in Raleigh, NC, US

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Key People/Management at PRA Health Sciences

Colin Shannon

Colin Shannon

Chief Executive Officer
Mike Bonello

Mike Bonello

Executive Vice President and Chief Financial Officer
Margaret Keegan

Margaret Keegan

Executive Vice President, Chief Operating Officer
Tami Klerr

Tami Klerr

Executive Vice President, Global Business Development
Heather Varela

Heather Varela

Senior Director, Global Marketing - Sales Enablement
Samir Shah

Samir Shah

Executive Vice President, President of Strategic Solutions and Global Regulatory Affairs
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PRA Health Sciences Office Locations

PRA Health Sciences has offices in Raleigh, Blue Bell, Boston, Charlottesville and in 51 other locations
Raleigh, NC, US (HQ)
4130 Parklake Ave #400
Blue Bell, PA, US
721 Arbor Way
Boston, MA, US
31 St James Ave #1005
Charlottesville, VA, US
995 Research Park Boulevard #300
Lenexa, KS, US
9755 Ridge Dr
Millcreek, UT, US
1255 E 3900 S
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PRA Health Sciences Financials and Metrics

Summary Metrics

PRA Health Sciences is a subsidiary of ICON

PRA Health Sciences Revenue

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PRA Health Sciences's revenue was reported to be $3.18 b in FY, 2020 which is a 3.8% increase from the previous period.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

2.9b3.1b3.2b

Revenue growth, %

27%7%4%

Cost of goods sold

2.1b2.2b2.3b

Gross profit

1.1b876.6m868.6m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

722.0m763.3m780.7m783.7m729.9m796.3m933.8m

Cost of goods sold

518.5m547.3m559.3m580.7m543.6m568.5m695.4m

Gross profit

203.5m216.0m221.4m203.0m186.3m227.8m238.4m

Gross profit Margin, %

28%28%28%26%26%29%26%
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

121.1m144.6m192.2m144.2m236.2m506.3m

Accounts Receivable

627.0m568.1m658.5m843.9m

Prepaid Expenses

55.6m66.6m88.1m99.0m

Inventories

30.2m35.4m
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

(39.9m)68.2m87.3m154.5m243.1m197.0m

Depreciation and Amortization

25.3m69.5m78.2m112.2m114.9m131.6m

Accounts Payable

(46.2m)(1.5m)35.8m31.6m21.6m11.1m

Cash From Operating Activities

35.9m160.0m220.4m329.8m253.6m427.2m
USDQ1, 2015

Financial Leverage

3.4 x
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PRA Health Sciences Acquisitions / Subsidiaries

Company NameDateDeal Size
Symphony Health SolutionsAugust 09, 2017$530 m
Parallel 6August 08, 2017$39.4 m
LifeTreeNovember 13, 2013
ClinStarJuly 16, 2013
Kinship TechnologiesMay 20, 2011
PharmaconOctober 31, 2007
Pharma Bio-ResearchJuly 27, 2006€84.6 m
Sterling Synergy SystemsMay 24, 2006
GMG BioBusinessJune 06, 2005
ClinCareDecember 31, 2004
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PRA Health Sciences Revenue Breakdown

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PRA Health Sciences revenue breakdown by business segment: 91.8% from Clinical Research and 8.2% from Data Solutions

PRA Health Sciences revenue breakdown by geographic segment: 31.5% from Europe, Africa, and Asia-Pacific, 67.6% from United States and 0.8% from Other

Human Capital Metrics

PRA Health Sciences's employees are reported to be approximately 73% female and 27% male.
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PRA Health Sciences Cybersecurity Score

Cybersecurity ratingPremium dataset

B

87/100

SecurityScorecard logo

PRA Health Sciences Online and Social Media Presence

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PRA Health Sciences Company Culture

  • Overall Culture

    D-

    54/100

  • CEO Rating

    C-

    63/100

  • Compensation

    B

    69/100

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PRA Health Sciences News and Updates

PRA Health Sciences pioneers connecting clinical trial patients with their real-world data with Synoma

Pharmaceutical, biotech and other research sponsors can now connect their clinical studies to longitudinal real-world data – speeding up drug development and aligning with the 21st Century Cures Act. Pharmaceutical, biotech and other research sponsors can now connect their clinical studies to longit…

PRA Health Sciences 率先透過 Synoma 將臨床試驗患者及其真實世界數據相連

製藥、生物技術和其他研究贊助商現在可以將他們的臨床研究連接到世界各地的實時數據,以加速藥物的開發並符合《21 世紀醫療法案》(21st Century Cures Act)。 製藥、生物技術和其他研究贊助商現在可以將他們的臨床研究連接到世界各地的實時數據,以加速藥物的開發並符合《21 世紀醫療法案》(21st Century Cures Act)。

PRA Health Sciences, Synoma 통해 임상시험 환자와 실사용 데이터 연결 방식 혁신

제약사와 바이오 테크 기업, 연구 스폰서사들은 이제 각 임상연구와 종적인 실사용 데이터를 연결해 신약 개발 속도 높이고 21st Century Cures Act 법안 취지에 부합 제약사와 바이오 테크 기업, 연구 스폰서사들은 이제 각 임상연구와 종적인 실사용 데이터를 연결해 신약 개발 속도 높이고 21st Century Cures Act 법안 취지에 부합

PRA Health Sciences expands its response to COVID-19 with pharmacovigilance solutions for authorized vaccines and therapeutics

PRA offers post-authorization safety solutions to keep up with the speed of COVID-19 vaccine and therapeutic pharmacovigilance requirements PRA offers post-authorization safety solutions to keep up with the speed of COVID-19 vaccine and therapeutic pharmacovigilance requirements

PRA Health Sciences selected by Maryland State Medical Society to supply remote patient monitoring and telehealth services

Maryland-based physicians can quickly deploy remote care options for patients with PRA’s digital health technology Maryland-based physicians can quickly deploy remote care options for patients with PRA’s digital health technology

SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of PRA Health Sciences, Inc. - PRAH

NEW YORK, Feb. 27, 2021 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm rated Top 50 in the 2018 and 2019 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is...
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PRA Health Sciences Frequently Asked Questions

  • When was PRA Health Sciences founded?

    PRA Health Sciences was founded in 1976.

  • Who are PRA Health Sciences key executives?

    PRA Health Sciences's key executives are Colin Shannon, Mike Bonello and Margaret Keegan.

  • How many employees does PRA Health Sciences have?

    PRA Health Sciences has 18,100 employees.

  • What is PRA Health Sciences revenue?

    Latest PRA Health Sciences annual revenue is $3.2 b.

  • What is PRA Health Sciences revenue per employee?

    Latest PRA Health Sciences revenue per employee is $175.9 k.

  • Who are PRA Health Sciences competitors?

    Competitors of PRA Health Sciences include Amgen, National Institutes of Health (NIH) and Synexus.

  • Where is PRA Health Sciences headquarters?

    PRA Health Sciences headquarters is located at 4130 Parklake Ave #400, Raleigh.

  • Where are PRA Health Sciences offices?

    PRA Health Sciences has offices in Raleigh, Blue Bell, Boston, Charlottesville and in 51 other locations.

  • How many offices does PRA Health Sciences have?

    PRA Health Sciences has 55 offices.