Advent invested in BioDuro, a leading global life sciences contract research and development organization. BioDuro has operations in San Diego, California as well as Beijing and Shanghai, China, and is the preferred partner for some of the world's most exciting drug discovery and development projects. With its strong market position and customer satisfaction rates, the company is well-positioned to take advantage of robust growth in the healthcare services sector, with a focus on innovation and providing high quality integrated discovery services such as synthetic and medicinal chemistry, drug metabolism and pharmacokinetics (DMPK), biologics and biology services, translational oncology services that include the "living tumor bank" acquired from Molecular Response and augmented by contract manufacturing to the large pharma and biotech sectors. Financial terms were not disclosed. Filippo de Vecchi, Managing Director and co-head of Greater China of Advent, commented, "Advent has closely followed the U.S. and Chinese healthcare sector over the past years and we view our partnership with BioDuro as an excellent opportunity to capture growth in the fast growing CRO and CDMO market worldwide. As global pharma and biotech companies increase their drug discovery efforts, BioDuro will be well positioned to increase market share by leveraging its superior quality reputation with the customers.