PRA To Relocate to North Carolina

PRA International, the Reston company specializing in running clinical trials, announced today it is relocating to Raleigh, N.C. The move will cost the Washington region a few dozen jobs, all of which were in corporate and administration work.

"After conducting a comprehensive analysis, we have determined that relocating to the Raleigh area will allow PRA to tap into a stronger market for operational resources, place us in closer proximity to existing and potential new clients, provide ready access to a highly qualified talent pool and reduce our infrastructure costs," Terrace J. Bieker, chief executive, in a statement.

PRA said it would also launch an aggressive hiring campaign looking for 500 administrative and operations employees over the next five years.

"North Carolina has one of the fastest growing workforces in the United States and we are pleased to take advantage of the low employee turnover rate and the quality of life. We believe this move to Raleigh will position us well to achieve our future growth targets," Bieker said.

The move comes as some business leaders have been raising concerns about the Washington region's tight labor market.

The 37 people working in the Reston office will be able to move to Raleigh, the company said. Others will relocate to a company office in Charlottesville, Va., or work from home.

The relocation is expected to be completed by the end of year. This past summer, PRA announced it would merge with several companies owned by Genstar Capital, a San Fransisco private equity concern.

--Zachary Goldfarb

By Dan Beyers  |  September 25, 2007; 3:55 PM ET  | Category:  Pharmaceutical
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