CTI adds nearly 50 jobs in Blue Ash and expands across the globe
CTI Clinical Trial and Consulting Services is a global, privately held, full-service contract research organization that serves 70+ pharmaceutical and biotechnology clients. At the helm is Timothy Schroeder, a former University of Cincinnati College of Medicine professor who co-founded CTI in 1999 with President Lynn Fallon.
According to Schroeder, CTI has averaged more than 20 percent annual growth over the last seven years and has 15 locations in North America, Europe and South America. Two of those locations, Warsaw, Poland and Milan, Italy, were added in 2013. CTI plans to expand its global footprint further in 2014 by adding three locations in Eastern Europe, Asia and Latin America.
The company has also bolstered its service offerings by acquiring S2 Statistical Solutions, Inc., a Cincinnati-based health outcomes and health economics firm, in 2013, and Community Research in January of this year. Community Research has three research centers in Greater Cincinnati and conducts clinical trials for new drugs and medical devices.
"We added about 75 employees worldwide last year, including several scientists, health economists and statisticians from S2 at our Blue Ash headquarters," Schroeder stated. He anticipates about the same number of employees will be added this year, not including the 50 employees from the company's recent acquisition of Community Research. CTI currently has a worldwide workforce of nearly 300.
"As we continue to grow globally, being headquartered in Blue Ash is very advantageous. The central location helps us recruit and attract talent in Cincinnati, the northern suburbs and Dayton," he said. "The employees here are also very loyal so our retention rates are much higher than other places in the world. Since the industry is very competitive, this gives our company an inherent advantage."
To learn more about CTI, click here.
Photos: Top: Tim Schroder, CEO of CTI. Bottom: CTI's headquarters at 10123 Alliance Road.
Newsletter Issue: Winter 2014