Covid Researchers Icon, PRA Health Join in $12 Billion Deal

  • Icon has supported Pfizer, BioNTech global vaccine studies
  • PRA Health also involved in pandemic-related research

Photographer: SOPA Images/LightRocket/Getty Images

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Icon Plc agreed to buy PRA Health Sciences Inc. in a $12 billion cash and stock deal that combines two research providers supporting Covid vaccine and treatment trials.

Both companies help run outsourced clinical trials for drugmakers and medical device developers, a business that’s been caught up in the global rush to immunize populations against the coronavirus.