Hoboken health care research company Genesis Research acquired Market Access Transformation, a provider of technology-enabled payer research platforms, according to a May 16 announcement.
MAT specializes in developing technology platforms that enable life sciences companies to both gather insights and to assess the commercial viability of their products.
The acquisition will allow Genesis Research clients to generate insights and evidence faster than previously able.
“The life sciences sector has repeatedly seen the challenges associated with demonstrating the value of new products,” said Genesis Research CEO Frank Corvino in a prepared statement. “The combination of Genesis Research and MAT creates a novel and unparalleled approach to generating payer insights and evidence. This will enable life sciences companies to both identify and answer the right questions faster than ever before, while always keeping the emphasis on scientific rigor and transparency.”
The acquisition will increase Genesis’ headcount from 145 to 215 across four international locations. Financial details of the transaction were not disclosed.