Oracle said Monday it is purchasing Relsys International, a maker of drug safety and risk management software, a move that ties into its ongoing strategy to tap verticals.
The deal is expected to close in the first half of this year. Terms were not disclosed.
Many of the world's largest pharmaceutical companies use Relsys' software, which pharmaceuticals, biotech companies and other organizations use to track and analyze safety-related data.
The Irvine, California, company will "bring significant domain knowledge and experience" to Oracle's health sciences global business unit, Oracle said in a statement.
Oracle's move "makes a lot of sense" given the political climate in the U.S., said Redmonk analyst James Governor.
"We're likely to see a stronger FDA and related approval processes under the Obama administration," Governor said. "Health care is also one of the verticals set to benefit from any big initiatives to fix U.S. health care."
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Thursday, March 26, 2009
Oracle buying drug-safety software maker
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