Transaction Overview

Janney Montgomery Scott (Janney) served as the exclusive financial advisor to Monitorforhire d/b/a Pharma eMarket, LLC (Monitorforhire) in its sale to BioBridges, LLC (BioBridges) a part of PharmAlliance and a Waud Capital Partners portfolio company.

Monitorforhire is the premier talent community platform connecting sponsors with highly experienced independent clinical research monitors across a diverse range of therapeutic expertise. The Company has invested in a proprietary platform that allows for rapid and focused communication with its independent monitor community on new opportunities.

Scott Freedman, President and Founder of Monitorforhire said, “We have proudly developed and delivered the industry’s most trusted platform for clinical research monitors and their clients for more than 20 years. Our proprietary technology enables professionals and clients to engage seamlessly and efficiently, and will create new growth opportunities for BioBridges.”

Jason Falchuk, the Founder of BioBridges said, “We are excited to welcome Scott and Monitorforhire to the PharmAlliance and BioBridges family. Scott is a true visionary, having created a novel approach to addressing and accomplishing clinical research. Together, we will continue to make an even greater impact while upholding our shared focus on quality and service that the professionals and our clients have come to expect.”

“The Janney team provided expert guidance at every step of the way.” said Scott Freedman.

David Reed, Managing Director at Janney said, “We could not be more excited with this combination and are expecting big things going forward. Scott and Monitorforhire are household names in clinical research and BioBridges is the pioneer in career portfolio.

About Monitorforhire

Monitorforhire, founded in 2000, connects clinical trial sponsors, contract research organizations, and academic institutions with a highly qualified pool of over 4,000 independent clinical trial monitors in 60 countries. The company is trusted by pharmaceutical, biotechnology, medical device companies, academic institutions, and CROs globally. For more information on Monitorforhire, visit www.Monitorforhire.com.

About BioBridges

BioBridges provides clinical development services to emerging and established pharmaceutical, biotechnology, and medical device companies. The company has designed and built its proprietary, scalable Career Portfolio Management model, that engages their professionals to meet the specialized needs of clinical programs. For more information on BioBridges, visit www.biobridges.com.

About Waud Capital Partners

Waud Capital, founded in 1993, has grown from a one-person firm to a group of over 70 professionals focused on investing in healthcare and software & technology. The company has completed 400+ investments and has a portfolio that operates in 110+ countries worldwide. For more information on Waud Capital Partners, visit www.waudcapital.com.