We advised the sellers in the sale of Oy Medfiles Ltd to WDB Holdings Co., Ltd, a listed Japanese Contract Research Organisation (CRO). In the transaction, WDB acquired 100% of the shares in Medfiles.

Medfiles is a Finnish-based CRO company with 30 years’ experience in the areas such as laboratory analytics, clinical research, regulatory affairs, and pharmacovigilance for pharmaceutical, medical device, and cosmetic companies. Medfiles Group also operates in the Baltic countries (Estonia, Latvia, and Lithuania) and currently has approximately 130 employees.

The headquarters of Medfiles will remain in Kuopio and will serve as the headquarters of WDB’s expanding European operations.