PHSE completed the investment in Rapida Time & Temperature.

PHSE, a premium transportation company, completed the investment in Rapida Time & Temperature, an Indian company based in Mumbai, specialized both in the international and domestic transport mainly of clinical trial supplies. Financial terms were not disclosed. "The addition of Time & Temperature’s capabilities to our existing network further strengthens both our offerings to global pharmaceutical manufacturers and our presence in Asia. We accessed a new Asian market, the Indian one, which has become hugely important to the pharmaceutical industry in recent years. I am convinced that PHSE will be an important logistical enabler for the expansion of the Indian pharmaceutical market by supporting global export and its fast-growing sectors, including biotech," Graham Inglis, PHSE Director.