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Charles River Associates company logo
Corporation
BUSINESS PRODUCTS & SERVICES | Consulting & Outsourcing / Management & Strategy Consulting
crai.com

Partners & Customers

3

About Charles River Associates

Charles River Associates provides management consulting services and economic and financial expertise. It offers regulatory and litigation support, business strategy and planning, market and demand forecasting, policy analysis, and engineering and technology management services. The company was founded in 1965 and is based in Louisville, Kentucky.

Headquarters Location

462 South 4th Street Suite 1600

Louisville, Kentucky, 40202,

United States

877-282-1168

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Latest Charles River Associates News

BIVDA Report Outlines UK Access Barriers to Genetic, Genomic Diagnostics

May 16, 2023

Save for later NEW YORK – Patient access to genetic and genomic diagnostics (GDx) in the UK is limited despite the country's significant contributions to genomic innovations, according to a new white paper commissioned by the British In Vitro Diagnostics Association (BIVDA) and written by Charles River Associates. "Despite the availability of an increasing quantity and quality of GDx, data shows these tests are underutilized across many indications," the paper noted about the UK's adoption of GDx technologies. The report lists a number of challenges and barriers the country faces in expanding these services. They include a lack of centralized guidance to apply for funding for genomic technologies and a shortage of infrastructure to educate physicians and patients. The paper, titled "Leveraging partnerships to realize the UK’s potential in genomics," also examined various partnerships between the UK's health system and the diagnostics industry in order to understand the problems plaguing patient access. Highlighting an example of a successful partnership, the authors said NHS' collaboration with cancer diagnostics firm Grail to pilot the adoption of a new cancer early detection test in 140,000 patients across England would help inform the future of cancer screening in the UK. "Partnerships can provide a cornerstone for establishing new GDx infrastructure within the NHS, with companies able to provide capacity and capabilities that would be too resource-intensive for individual NHS trusts and laboratories to establish," the report said. However, fostering such partnerships alone to resolve all challenges associated with integrating novel GDx routinely and sustainability into clinical practice across the UK is not enough, cautioned the report. "Beyond supporting the growth and expansion of partnerships, targeted policy intervention is also required to address the root causes of the impeded adoption of GDx technologies in the UK health system and support routine patient access," the authors wrote. Some of the recommendations for policy-level interventions included better implementation of a new regulatory framework covering GDx, greater clarity and guidance on pathways into regulatory approval, and providing accessible and appropriate education for clinicians, patients, and decision makers. The report further pointed out the benefits of a wider adoption of GDx, noting that it would lead to rapid and accurate diagnoses across rare diseases and cancer and can ensure appropriate and targeted treatments. It could also minimize adverse drug reactions that currently account for 6.5 percent of UK hospital admissions and help improve public health outcomes. "Finally, widespread adoption of GDx into society has the potential to deliver profound economic growth across the entire UK, creating new jobs and increasing the number of economically active individuals," the report said. Jennifer Harris, director of research policy at the Association of the British Pharmaceutical Industry, said in a statement that it is essential the government delivers on the commitments it made in the Genome UK plan that was published in 2020 . Late last year , the UK Department of Health and Social care said it will invest £175 million (about $125 million) in genomic studies as part of the Genome UK national genomic healthcare strategy. "Doing so will transform care for patients, help the NHS address the pressures it faces, and position the UK as the destination of choice for genomics research, development, manufacturing, and treatment," she said.

Charles River Associates Acquisitions

5 Acquisitions

Charles River Associates acquired 5 companies. Their latest acquisition was bioStrategies Group on November 30, 2022.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

11/30/2022

$99M

Acquired

2

3/1/2022

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$99M

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10

1/31/2017

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$99M

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10

11/15/2004

Grant

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$99M

$99M

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10

4/16/2004

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$99M

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0

Date

11/30/2022

3/1/2022

1/31/2017

11/15/2004

4/16/2004

Investment Stage

Grant

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$99M

Note

Acquired

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Sources

2

10

10

10

0

Charles River Associates Partners & Customers

3 Partners and customers

Charles River Associates has 3 strategic partners and customers. Charles River Associates recently partnered with Red Canary on February 2, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

2/15/2022

Partner

United States

Red Canary Launches Partner Program to Meet Growing Demand for Security Beyond the Endpoint.

CRA partners with Red Canary to augment our team in cyber threat detection and incident response when responding to matters on a global basis , '' said Bill Hardin , VP of Cybersecurity at Charles River .

1

9/15/2020

Partner

United States

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10

8/17/2006

Partner

United States

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10

Date

2/15/2022

9/15/2020

8/17/2006

Type

Partner

Partner

Partner

Business Partner

Country

United States

United States

United States

News Snippet

Red Canary Launches Partner Program to Meet Growing Demand for Security Beyond the Endpoint.

CRA partners with Red Canary to augment our team in cyber threat detection and incident response when responding to matters on a global basis , '' said Bill Hardin , VP of Cybersecurity at Charles River .

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Sources

1

10

10

Charles River Associates Team

1 Team Member

Charles River Associates has 1 team member, including former Chief Information Officer, Scott R. Simon.

Name

Work History

Title

Status

Scott R. Simon

Chief Information Officer

Former

Name

Scott R. Simon

Work History

Title

Chief Information Officer

Status

Former

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