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Novotech Health Holdings

Full company profile

uuid02kr498

Namestring
Novotech Health Holdings
Legal namestring
Novotech Health Holdings
Company typeenum
Private
Founded yearint
1992
Descriptiontext

Novotech Health Holdings is a privately held, full-service Contract Research Organization providing clinical research and scientific advisory services to biotech and biopharma sponsors. Its therapeutic focus spans oncology, liver disease, infectious diseases, rare diseases, CNS and neurology, and cell and gene therapy, with operational reach across more than 50 countries through 7,260+ trial sites and 4,950+ investigators. The company reports a cumulative track record of 4,450+ clinical trials and 60+ drugs supported to market approval, anchored by deep Asia-Pacific delivery infrastructure and multilingual engagement (English, Korean, Chinese, Traditional Chinese).

The core service stack covers the full clinical development lifecycle, including clinical monitoring, data management, biostatistics, regulatory affairs, medical writing, laboratory services, and scientific advisory. A Real World Data platform and status as the first private Institutional Biosafety Committee in Australia for GMO trial approvals represent specialized capabilities in cell and gene therapy and evidence-generation. The firm operates an integrated Site Management Organization through the Acrostar Division and holds the 2025 Asia Pacific Cell & Gene Therapy Award. Strategic partnerships with START (early-phase oncology) and BIO (hepatitis B content) extend its disease-area positioning.

The business model is enterprise clinical services sold on a quote-based, multi-year contract basis to biotech and biopharma sponsors, with named engagements including U.S. CNS biopharma and Japanese biotech sponsors. Pricing is custom per program rather than packaged. Revenue mechanics are tied to full-service study budgets, milestone-based billings across trial phases, and cross-selling of ancillary services (SMO, lab, regulatory). Strategic activity in 2025-2026, including the January 2026 CEO transition to a Singapore-based executive, signals continued investment in Asia-Pacific operational depth and oncology vertical expansion.

Short descriptiontext

Novotech Health Holdings is a global full-service Contract Research Organization providing clinical trial services and scientific advisory to biotech and biopharma sponsors, with deep Asia-Pacific expertise across 50+ countries and 4,450+ completed trials.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1–10
akta.pro rankint
HeadquartersSingapore, Singapore
HQ citystring
Singapore
HQ countrystring
Singapore
HQ regionstring
Asia
Markets served

Serves global market

Offices2 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
clinical research services, contract research organization, clinical trial management, drug development consulting, biotechnology research services
Industry6 codes
1Clinical CROs (Phase I–IV)
CodeHLAGAAAAPrimaryYes
2Specialty Therapeutic-Area CROs (e.g., oncology/rare disease)
CodeHLAGAAALPrimaryNo
3Regulatory Strategy & Global Submissions (IND/CTA/NDA/BLA/MAA)
CodeHLAGAKAAPrimaryNo
4Clinical Data Management, Biostatistics & Statistical Programming CROs
CodeHLAGAAAFPrimaryNo
5Patient Recruitment, Site Feasibility & Trial Enablement CROs
CodeHLAGAAAIPrimaryNo
6Medical Writing & Regulatory Submission Support CROs
CodeHLAGAAAGPrimaryNo
NAICS code2 codes
  • Research and Development in Biotechnology (except Nanobiotechnology)541714
  • Scientific Research and Development Services5417
SIC code1 code
  • Services-Commercial Physical & Biological Research8731
Product category
Contract Research Organization (CRO) Services
Social media profiles3 records
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model1 record
1Clinical Research Services
TypeProfessional Services
Description

Novotech provides comprehensive clinical research services including medical and regulatory consulting, patient recruitment, site management, biometrics, data management, laboratory services, and real-world data solutions. These are project-based or retainer engagements with biotech and biopharma sponsors.

novotech-cro.com
Marketing channels7 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Pricing details1 tier
1Custom enterprise pricing based on project scope
ModelOtherBilling cadenceMulti-year contract
Notes

Quote-based / Not publicly disclosed - Services are customized per clinical trial program

novotech-cro.com
GTM typeB2B
B2B
Offering typeServices
Services
Brand1 of 2 records shown
1Acrostar
Description

Site Management Organization (SMO) Division operating as part of Novotech for clinical trial site management services

novotech-cro.com
+1 more record
Core offering1 text field

Novotech is a full-service global Contract Research Organization (CRO) providing integrated clinical research and scientific advisory services to biotech and biopharma sponsors. Its offerings span the full drug development continuum, including medical and regulatory consulting, patient recruitment and site selection, clinical operations and project management, site management organization (SMO) services via Acrostar, biometrics and data management, bioanalytical laboratory services, real-world data solutions, and specialized therapeutic area expertise across oncology, liver disease, infectious diseases, rare diseases, and cell/gene therapy.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 4 values shown
  • 4450+ clinical trials executed
+3 more records
Product overview1 text field

Novotech is a globally recognized full-service Contract Research Organization (CRO) offering an integrated portfolio of clinical trial services and therapeutic area expertise. The platform consists of core operational services (Medical and Regulatory Consulting, Patient Recruitment and Site Selection, Clinical Operations and Project Management, Site Management Organization via Acrostar, Biometrics and Data Management, Laboratory Services, and Real World Data solutions) combined with specialized therapeutic area expertise (Oncology, Pharmacometric Services, Drug Development Consulting, GMO Solutions, Liver Disease, Infectious Diseases and Vaccines, Orphan and Rare Diseases, and Clinical and Regulatory Strategy). The FLEX offering provides flexible resourcing for pipeline management. Together, these services enable biotech companies to advance their drug development programs across all clinical phases with geographic reach spanning 50+ countries.

Product and service1 record
1Medical and Regulatory Consulting
Scale indicator5 records

Each record includes

Type, Value, Description, Source

Partnership3 partners
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2025-01-01
Description

Strategic partnership to accelerate early-phase oncology trials through collaborative approach. The partnership combines START's oncology expertise with Novotech's global CRO capabilities to advance cancer therapy development.

Strategic tierFlagshipTypeStrategic or Co-development PartnerAnnounced on2025-01-01
Description

Novotech featured in hepatitis B film presented by BIO and produced by BBC StoryWorks, highlighting Novotech's role in advancing hepatitis B drug development. This represents a strategic content partnership to raise awareness of Novotech's capabilities in liver disease clinical trials.

Strategic tierMinorTypeGTM or Marketing PartnerAnnounced on2025-01-01
Description

Co-produced documentary-style film on hepatitis B drug development featuring Novotech. BBC StoryWorks produces content for BIO highlighting innovative biotech companies advancing treatments for global health challenges.

Recent move7 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Syneos Health is a global clinical-to-commercial CRO serving biotech and pharma sponsors across Phase I–IV. Its integrated clinical and commercial model overlaps Novotech's full-service positioning for mid-sized sponsors.

TypeDirect peer
Description

Medpace is a mid-sized full-service CRO focused on biotech and small-to-mid pharma sponsors, very similar to Novotech's core target customer. It competes with Novotech on Phase II–III trials, though Medpace's geographic mix is more US-centric.

TypeDirect peer
Description

ICON is a top-tier global full-service CRO with strong biotech sponsor relationships, formed through the PRA Health Sciences merger. It competes head-to-head with Novotech on biotech-sponsored clinical trials and post-2023 has significant global scale, but its APAC site network is less differentiated.

TypeBroad incumbent
Description

Labcorp's Drug Development division is a global CRO with central lab, bioanalytical, and clinical trial services. It overlaps directly with Novotech on Phase I–III clinical operations and bioanalytical offerings and is a similarly scaled full-service competitor.

TypeDirect peer
Description

Parexel is a global full-service CRO with a long-standing focus on biotech and small-to-mid pharma sponsors, the same customer segment Novotech targets. Its service portfolio, therapeutic mix, and biotech GTM motion closely parallel Novotech's positioning.

TypeEmerging player
Description

Clinipace is a smaller mid-market CRO with biotech and oncology focus. It competes with Novotech for biotech sponsors needing personalized full-service support, typically on smaller, more specialized oncology and rare disease trials.

TypeDirect peer
Description

Charles River is a leading CRO/CDMO with strong preclinical-to-clinical services and central lab capabilities. It overlaps Novotech on bioanalytical, central lab, and early-phase clinical services to biotech sponsors, particularly in North America and Europe.

TypeDirect peer
Description

Tigermed is one of the largest China-headquartered CROs with growing global reach. It competes with Novotech on clinical operations for Asia-Pacific trials and on biotech sponsor relationships, especially for China-including trial designs.

TypeBroad incumbent
Description

IQVIA is the largest global CRO and life sciences services provider. It competes with Novotech across the full clinical development continuum and offers far broader data, technology, and commercial services, but its APAC depth is more generalist and less specialized than Novotech's biotech CRO focus.

TypeDirect peer
Description

WuXi AppTec operates a global CRO/CDMO with a major China-based clinical and bioanalytical footprint. It is one of Novotech's most direct Asia-based CRO competitors, particularly for biotech sponsors running trials that include China sites.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers2 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature2 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries2 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Novotech Health Holdings

Contract Research Organization (CRO) Servicesnovotech-holdings.com

Novotech Health Holdings is a global full-service Contract Research Organization providing clinical trial services and scientific advisory to biotech and biopharma sponsors, with deep Asia-Pacific expertise across 50+ countries and 4,450+ completed trials.

What Novotech Health Holdings does

Novotech Health Holdings is a privately held, full-service Contract Research Organization providing clinical research and scientific advisory services to biotech and biopharma sponsors. Its therapeutic focus spans oncology, liver disease, infectious diseases, rare diseases, CNS and neurology, and cell and gene therapy, with operational reach across more than 50 countries through 7,260+ trial sites and 4,950+ investigators. The company reports a cumulative track record of 4,450+ clinical trials and 60+ drugs supported to market approval, anchored by deep Asia-Pacific delivery infrastructure and multilingual engagement (English, Korean, Chinese, Traditional Chinese).

The core service stack covers the full clinical development lifecycle, including clinical monitoring, data management, biostatistics, regulatory affairs, medical writing, laboratory services, and scientific advisory. A Real World Data platform and status as the first private Institutional Biosafety Committee in Australia for GMO trial approvals represent specialized capabilities in cell and gene therapy and evidence-generation. The firm operates an integrated Site Management Organization through the Acrostar Division and holds the 2025 Asia Pacific Cell & Gene Therapy Award. Strategic partnerships with START (early-phase oncology) and BIO (hepatitis B content) extend its disease-area positioning.

The business model is enterprise clinical services sold on a quote-based, multi-year contract basis to biotech and biopharma sponsors, with named engagements including U.S. CNS biopharma and Japanese biotech sponsors. Pricing is custom per program rather than packaged. Revenue mechanics are tied to full-service study budgets, milestone-based billings across trial phases, and cross-selling of ancillary services (SMO, lab, regulatory). Strategic activity in 2025-2026, including the January 2026 CEO transition to a Singapore-based executive, signals continued investment in Asia-Pacific operational depth and oncology vertical expansion.

Novotech Health Holdings firmographics

Firmographics
Name
Novotech Health Holdings
Legal name
Novotech Health Holdings
Website
https://novotech-holdings.com
Company type
Private
Founded year
1992
Operating status
Operating
Headcount range
1–10 employees
Short description
Novotech Health Holdings is a global full-service Contract Research Organization providing clinical trial services and scientific advisory to biotech and biopharma sponsors, with deep Asia-Pacific expertise across 50+ countries and 4,450+ completed trials.
Ownership category
akta.pro rank

Novotech Health Holdings industry classification

Industry
Product category
Contract Research Organization (CRO) Services
NAICS
Research and Development in Biotechnology (except Nanobiotechnology) (541714), Scientific Research and Development Services (5417)
SIC
Services-Commercial Physical & Biological Research (8731)
akta.pro primary industry
Clinical CROs (Phase I–IV) (HLAGAAAA)
akta.pro secondary industries
Specialty Therapeutic-Area CROs (e.g., oncology/rare disease) (HLAGAAAL), Regulatory Strategy & Global Submissions (IND/CTA/NDA/BLA/MAA) (HLAGAKAA), Clinical Data Management, Biostatistics & Statistical Programming CROs (HLAGAAAF), Patient Recruitment, Site Feasibility & Trial Enablement CROs (HLAGAAAI), Medical Writing & Regulatory Submission Support CROs (HLAGAAAG)

Keywords

  • Clinical research services
  • Contract research organization
  • Clinical trial management
  • Drug development consulting
  • Biotechnology research services

Where Novotech Health Holdings is headquartered

Location

Headquarters

HQ city
Singapore
HQ country
Singapore
HQ region
Asia

Offices2 records

Markets served

Novotech Health Holdings business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

  1. Clinical Research Services: Novotech provides comprehensive clinical research services including medical and regulatory consulting, patient recruitment, site management, biometrics, data management, laboratory services, and real-world data solutions. These are project-based or retainer engagements with biotech and biopharma sponsors.

Pricing tiers

ModelBillingPrice
OtherMulti-year contractCustom enterprise pricing based on project scope

Go-to-market motion2 records

Distribution channels1 record

Marketing channels7 records

Novotech Health Holdings product offering

Product offering

Core offering

Novotech is a full-service global Contract Research Organization (CRO) providing integrated clinical research and scientific advisory services to biotech and biopharma sponsors. Its offerings span the full drug development continuum, including medical and regulatory consulting, patient recruitment and site selection, clinical operations and project management, site management organization (SMO) services via Acrostar, biometrics and data management, bioanalytical laboratory services, real-world data solutions, and specialized therapeutic area expertise across oncology, liver disease, infectious diseases, rare diseases, and cell/gene therapy.

Product overview

Novotech is a globally recognized full-service Contract Research Organization (CRO) offering an integrated portfolio of clinical trial services and therapeutic area expertise. The platform consists of core operational services (Medical and Regulatory Consulting, Patient Recruitment and Site Selection, Clinical Operations and Project Management, Site Management Organization via Acrostar, Biometrics and Data Management, Laboratory Services, and Real World Data solutions) combined with specialized therapeutic area expertise (Oncology, Pharmacometric Services, Drug Development Consulting, GMO Solutions, Liver Disease, Infectious Diseases and Vaccines, Orphan and Rare Diseases, and Clinical and Regulatory Strategy). The FLEX offering provides flexible resourcing for pipeline management. Together, these services enable biotech companies to advance their drug development programs across all clinical phases with geographic reach spanning 50+ countries.

Differentiator

Problem solved

Functional benefit

Brands

  • Acrostar: Site Management Organization (SMO) Division operating as part of Novotech for clinical trial site management services
  • FLEX

Products and services

  • Medical and Regulatory Consulting

Quantifiable outcome

  • 4450+ clinical trials executed
  • +3 more outcomes

Companies that use Novotech Health Holdings

Customer profile

Named customers2 records

Segments1 record

Ideal customer profiles2 records

Novotech Health Holdings technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature2 records

Novotech Health Holdings partnerships and signals

Strategic signal

Partnerships

Three partnerships are on record, tiered core, flagship and minor.

  • START (Cancer Therapy)coreStrategic or Co-development Partner · 1 January 2025Strategic partnership to accelerate early-phase oncology trials through collaborative approach. The partnership combines START's oncology expertise with Novotech's global CRO capabilities to advance cancer therapy development.
  • BIO (Biotechnology Innovation Organization)flagshipStrategic or Co-development Partner · 1 January 2025Novotech featured in hepatitis B film presented by BIO and produced by BBC StoryWorks, highlighting Novotech's role in advancing hepatitis B drug development. This represents a strategic content partnership to raise awareness of Novotech's capabilities in liver disease clinical trials.
  • BBC StoryWorksminorGTM or Marketing Partner · 1 January 2025Co-produced documentary-style film on hepatitis B drug development featuring Novotech. BBC StoryWorks produces content for BIO highlighting innovative biotech companies advancing treatments for global health challenges.

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Novotech Health Holdings competitors and assessment

Company assessment

Direct peers

  • Syneos Health: Syneos Health is a global clinical-to-commercial CRO serving biotech and pharma sponsors across Phase I–IV. Its integrated clinical and commercial model overlaps Novotech's full-service positioning for mid-sized sponsors.
  • Medpace Holdings: Medpace is a mid-sized full-service CRO focused on biotech and small-to-mid pharma sponsors, very similar to Novotech's core target customer. It competes with Novotech on Phase II–III trials, though Medpace's geographic mix is more US-centric.
  • ICON plc: ICON is a top-tier global full-service CRO with strong biotech sponsor relationships, formed through the PRA Health Sciences merger. It competes head-to-head with Novotech on biotech-sponsored clinical trials and post-2023 has significant global scale, but its APAC site network is less differentiated.
  • Parexel International: Parexel is a global full-service CRO with a long-standing focus on biotech and small-to-mid pharma sponsors, the same customer segment Novotech targets. Its service portfolio, therapeutic mix, and biotech GTM motion closely parallel Novotech's positioning.
  • Charles River Laboratories: Charles River is a leading CRO/CDMO with strong preclinical-to-clinical services and central lab capabilities. It overlaps Novotech on bioanalytical, central lab, and early-phase clinical services to biotech sponsors, particularly in North America and Europe.
  • Tigermed (Hangzhou Tigermed Consulting): Tigermed is one of the largest China-headquartered CROs with growing global reach. It competes with Novotech on clinical operations for Asia-Pacific trials and on biotech sponsor relationships, especially for China-including trial designs.
  • WuXi Clinical / WuXi AppTec: WuXi AppTec operates a global CRO/CDMO with a major China-based clinical and bioanalytical footprint. It is one of Novotech's most direct Asia-based CRO competitors, particularly for biotech sponsors running trials that include China sites.

Broad incumbents

  • Labcorp Drug Development (formerly Covance): Labcorp's Drug Development division is a global CRO with central lab, bioanalytical, and clinical trial services. It overlaps directly with Novotech on Phase I–III clinical operations and bioanalytical offerings and is a similarly scaled full-service competitor.
  • IQVIA: IQVIA is the largest global CRO and life sciences services provider. It competes with Novotech across the full clinical development continuum and offers far broader data, technology, and commercial services, but its APAC depth is more generalist and less specialized than Novotech's biotech CRO focus.

Emerging players

  • Clinipace Worldwide: Clinipace is a smaller mid-market CRO with biotech and oncology focus. It competes with Novotech for biotech sponsors needing personalized full-service support, typically on smaller, more specialized oncology and rare disease trials.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Novotech Health Holdings social profiles

Digital presence

Novotech Health Holdings financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Novotech Health Holdings leadership team

Management profile

Number of profiles

Profiles1 record

Novotech Health Holdings subsidiaries and ownership

Company hierarchy

Subsidiaries2 records

Novotech Health Holdings funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Novotech Health Holdings M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Novotech Health Holdings

What does Novotech Health Holdings do?

Novotech is a full-service global Contract Research Organization (CRO) providing integrated clinical research and scientific advisory services to biotech and biopharma sponsors. Its offerings span the full drug development continuum, including medical and regulatory consulting, patient recruitment and site selection, clinical operations and project management, site management organization (SMO) services via Acrostar, biometrics and data management, bioanalytical laboratory services, real-world data solutions, and specialized therapeutic area expertise across oncology, liver disease, infectious diseases, rare diseases, and cell/gene therapy.

Is Novotech Health Holdings a public or private company?

Novotech Health Holdings is a private company. It is classified as founder individual operated bootstrapped and is currently operating.

When was Novotech Health Holdings founded?

Novotech Health Holdings was founded in 1992. It employs 1 to 10 people.

Where is Novotech Health Holdings based?

Novotech Health Holdings is headquartered in Singapore, Singapore, in the Asia region.

How does Novotech Health Holdings make money?

One revenue line is on record: clinical Research Services.

Who are Novotech Health Holdings's main competitors?

Direct peers on record are Syneos Health, Medpace Holdings, ICON plc, Parexel International, Charles River Laboratories, Tigermed (Hangzhou Tigermed Consulting) and WuXi Clinical / WuXi AppTec. Broad incumbents are Labcorp Drug Development (formerly Covance) and IQVIA. Clinipace Worldwide is listed as an emerging player.

Does Novotech Health Holdings have an API?

No public API is recorded for Novotech Health Holdings.

What industry is Novotech Health Holdings in?

Novotech Health Holdings's product category is Contract Research Organization (CRO) Services. Its primary akta.pro industry code is HLAGAAAA, Clinical CROs (Phase I–IV), with a secondary code of HLAGAAAL, Specialty Therapeutic-Area CROs (e.g., oncology/rare disease). Its NAICS code is 541714 and its SIC code is 8731.

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Live signals
The future of tradingAustralia's Healius rises on sale of unit Agilex Biolabs to Novotech HealthHealius shares rose 18.1% to A$0.425 after agreeing to sell its unit Agilex Biolabs to Novotech Health's subsidiary for A$160 million. The deal expects cash proceeds of A$155 million after costs, and the company said the disposal would unlock shareholder value and support focus on its core Pathology business.ProspectionAccelerate clinical trials with real world evidence. Prospection Partners with Novotech Health HoldingsProspection and Novotech Health Holdings have formed a strategic partnership to enhance clinical trials using real world evidence, with an investment made by Novotech in Prospection. The collaboration aims to improve patient recruitment and trial efficiency across the Asia-Pacific region through advanced data analytics technology. This partnership is expected to address significant challenges in medicine development, particularly in complex trials and rare disease segments.PR NewswireNovotech Completes $255M Private Placement Transaction and $505M Refinancing to Accelerate Implementation of Growth InitiativesNovotech Health Holdings Pte. Ltd. completed a US$760 million financing round on January 19, 2022, comprising a US$255 million private placement and a US$505 million debt refinancing, valuing the company at about US$3 billion. TPG Capital Asia remains the controlling shareholder, while UBS acted as sole financial advisor. The company reported roughly 35% backlog growth and 30% net new business growth in CY21.PR NewswireNovotech Health Holdings Appoints Zidong Zhang as CFONovotech Health Holdings, the largest biotech specialist contract research organization (CRO) in Asia, announced the appointment of Zidong Zhang as Chief Financial Officer effective January 4, 2021. Zhang previously served as CFO at Hong Kong-listed Henlius Biotech, where he managed the finance team and played an integral role in the company's 2019 initial public offering, and earlier as an equity research analyst at UBS covering the pharmaceutical sector. The appointment is intended to support Novotech Holdings' growth strategy and facilitate the company's expansion throughout Asia.PR NewswireNovotech Health Holdings Announces Appointment of Anand Tharmaratnam as ChairmanNovotech Health Holdings, the largest biotech specialist contract research organization in Asia, announced the appointment of Anand Tharmaratnam as Chairman of the Board, effective April 1, 2021. Tharmaratnam brings over 23 years of experience in global drug development and the CRO industry, having previously served as President Asia Pacific at IQVIA. The company stated that his guidance will help extend support for Chinese and Western biotech clients throughout Asia, accelerate growth in new markets, and expand service offerings into areas such as real world evidence, analytics, and virtual trials.