Pracs Institute
Encyclopedia
PRACS Institute, Ltd., established in 1983, is a company
that tests new or developing types of medicine
. Its CEO is Dr. James Carlson, a former pharmacy
professor at North Dakota State University
. The company currently has locations in East Grand Forks, Minnesota
and Fargo, North Dakota
.
In February 2006, PRACS announced it would become a wholly owned subsidiary of Contract Research Solutions (CRS). CRS was formed as a holding company by investors, including Carlson and two others: KRG Capital Partners, and the Weinberg & Bell Group. In August 2006, CRS announced the acquisition of Gateway Medical Research, a St. Louis
-based competitor of PRACS. CRS also announced in late 2006 that it had acquired Ba Research International of Houston, TX. The three companies (PRACS, Gateway and Ba) will combine their operations under the name Cetero Research.
On October 5, 2006, Dr. Carlson announced a $1 million pledge to the city of Fargo towards the construction of a new branch of the city's public library. The project (with a total cost of $2.5 million) will be named the "Dr. James D. Carlson Library".
Company
A company is a form of business organization. It is an association or collection of individual real persons and/or other companies, who each provide some form of capital. This group has a common purpose or focus and an aim of gaining profits. This collection, group or association of persons can be...
that tests new or developing types of medicine
Medicine
Medicine is the science and art of healing. It encompasses a variety of health care practices evolved to maintain and restore health by the prevention and treatment of illness....
. Its CEO is Dr. James Carlson, a former pharmacy
Pharmacy
Pharmacy is the health profession that links the health sciences with the chemical sciences and it is charged with ensuring the safe and effective use of pharmaceutical drugs...
professor at North Dakota State University
North Dakota State University
North Dakota State University of Agriculture and Applied Sciences, more commonly known as North Dakota State University , is a public university in Fargo, North Dakota. NDSU has about 14,000 students and it is the largest university in North Dakota based on full time students and land size...
. The company currently has locations in East Grand Forks, Minnesota
East Grand Forks, Minnesota
-K-12:The East Grand Forks School District enrolls over 1,000 students and operates two elementary schools , Central Middle School, and East Grand Forks Senior High School. There are also two private Christian schools. Sacred Heart School is a Roman Catholic elementary, middle, and high school...
and Fargo, North Dakota
Fargo, North Dakota
Fargo is the largest city in the U.S. state of North Dakota and the county seat of Cass County. In 2010, its population was 105,549, and it had an estimated metropolitan population of 208,777...
.
In February 2006, PRACS announced it would become a wholly owned subsidiary of Contract Research Solutions (CRS). CRS was formed as a holding company by investors, including Carlson and two others: KRG Capital Partners, and the Weinberg & Bell Group. In August 2006, CRS announced the acquisition of Gateway Medical Research, a St. Louis
St. Louis, Missouri
St. Louis is an independent city on the eastern border of Missouri, United States. With a population of 319,294, it was the 58th-largest U.S. city at the 2010 U.S. Census. The Greater St...
-based competitor of PRACS. CRS also announced in late 2006 that it had acquired Ba Research International of Houston, TX. The three companies (PRACS, Gateway and Ba) will combine their operations under the name Cetero Research.
On October 5, 2006, Dr. Carlson announced a $1 million pledge to the city of Fargo towards the construction of a new branch of the city's public library. The project (with a total cost of $2.5 million) will be named the "Dr. James D. Carlson Library".