EdgeCap-backed Comac Medical Group Expands with Acquisition of ILIFE Consulting, a French Early-phase Specialty CRO
Strategic acquisition marks significant step to establish pan-European footprint and deepens expertise in oncology and early-phase biotech clinical trials.
LONDON, May 22, 2025 /CNW/ -- Comac Medical Group ("Group"), based in the UK and backed by EdgeCap Partners, announced today the acquisition of ILIFE Consulting ("ILIFE"), a specialized Contract Research Organization (CRO) headquartered in Paris, France, renowned for its expertise in oncology, rare diseases, and complex biotech clinical trials.
The transaction represents a significant milestone for the Group on its journey to becoming the leading pan-European full-service CRO partner for small and medium-sized biopharma companies, and complements recent expansions into the United States, Germany, and the United Kingdom.
Founded in 2013 by Marina Iché, ILIFE has built a distinguished reputation for delivering high-value strategic consulting alongside clinical trial execution for biotech sponsors. ILIFE's addition to the Group will leverage complementary expertise and reach, thus creating new opportunities for clients, who will benefit from a complete service offering, including enhanced capabilities in biostatistics, data management, pharmacovigilance, bioanalytical services, and Comac Medical's state-of-the-art Early Phase Clinical Research Unit.
ILIFE's founder and CEO, Marina Iché, will continue in her leadership role and become a significant shareholder in the Group to support strategic growth initiatives and to maintain continuity of ILIFE's values and services that have driven its success positioning it as a trusted partner in the biotech ecosystem.
Marina Iché, Founder and CEO of ILIFE Consulting, stated:
"Partnering with EdgeCap and Comac Medical Group marks an exciting new chapter for ILIFE. We share a deep commitment to quality, innovation, client-centric and agile service delivery. We mobilize our resources and energy to ensure successful partnerships with our clients. We listen and capitalize on our expertise to identify and bring the best solutions to support our clients in achieving their goals productively and efficiently. Joining forces allows us to leverage additional resources, broaden our service portfolio, and better serve our clients across Europe and beyond. We rely on the competence and integrity of our team whose dedication and energy drive us to work swiftly towards obtaining actionable results. I remain fully committed to ensuring continuity in ILIFE's services while pursuing our mission to bring meaningful innovation to patients."
Chris Smyth, Incoming CEO of Comac Medical Group, said:
"ILIFE Consulting's expertise and established presence in the French biotech ecosystem significantly strengthen our capabilities as part of the Group. I look forward to working closely with Marina and the ILIFE team as we collaborate to create meaningful value for our stakeholders and deliver excellence across our expanded geographic and therapeutic landscape."
Today's announcement closely follows the Group's recent leadership appointments and international expansion initiatives, including new executive appointments – Dr. Chris Smyth as incoming CEO (effective 1 st September 2025), Christian Buhlmann as Chief Commercial Officer, and Peter Windisch as Chief Operations Officer – and Neil Ferguson as Chairman of the Board.
About ILIFE Consulting
ILIFE Consulting is a Paris-based CRO specialized in early-phase oncology and biotech development. Since 2013, ILIFE has partnered with emerging biotech companies to deliver tailored strategic and operational support – from protocol design to full clinical trial execution, including first-in-human and multi-country studies. With deep expertise in oncology, rare diseases, novel therapeutic modalities, and complex regulatory environments, ILIFE accelerates timelines, optimizes data quality, and helps its clients make confident, value-driven decisions. Trusted by over 20 biotech sponsors across Europe, ILIFE's senior team of scientific and clinical leaders is committed to delivering high-impact studies that bring innovation closer to patients.
www.Ilifeconsulting.com
About Comac Medical Group
Based in London, United Kingdom, Comac Medical Group is one of the leading pan-European, full-service CRO platforms striving to be the partner of choice for small and medium-sized biopharma clients globally. The Group is present in more than 30 countries across Western Europe and Central and Eastern Europe, providing a comprehensive range of early to late-phase drug development services across a variety of therapeutic areas including oncology, rare diseases, dermatology, gastroenterology, and respiratory diseases.
Comac Medical's FDA and EMA-inspected Clinical Research Unit (CRU) for Phase I, bioavailability and bioequivalence studies has 20 years of experience in early-phase clinical research. Based in Sofia, the facility is the largest in the region and comprises 42 beds, an on-site pharmacy as well as a clinical and bioanalytical laboratory.
EdgeCap is a London- and Tallinn-based mid-market private equity and growth capital firm targeting investments into high-quality companies in Europe. We partner with ambitious founders and management teams to develop strong local businesses into pan-European and global champions. EdgeCap was founded in 2021 by Kristjan Piilmann and Chris Backes, who have 20+ years of combined private equity and investment banking experience at bulge bracket firms including PSG Equity LLP, Morgan Stanley, Citi and Goldman Sachs.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Global News
an hour ago
- Global News
Carney travels to Europe for security, defence talks with EU, NATO
Prime Minister Mark Carney will depart for Europe on Sunday for back-to-back summits where he is expected to make major commitments for Canada on security and defence. Carney will be joined by Foreign Affairs Minister Anita Anand, Defence Minister David McGuinty and secretary of state for defence procurement Stephen Fuhr at the EU and NATO summits, where military procurement and diversifying supply chains will top the agendas. The international meetings come as Canada looks to reduce its defence procurement reliance on the United States due to strained relations over tariffs and President Donald Trump's repeated talk about Canada becoming a U.S. state. Carney will fly first to Brussels, Belgium, starting the trip with a visit to the Antwerp Schoonselhof Military Cemetery where 348 Canadian soldiers are buried. He will also meet with Belgian Prime Minister Bart De Wever, European Council President António Costa and European Commission President Ursula von der Leyen. Story continues below advertisement At the EU-Canada summit, Anand and McGuinty are expected to sign a security and defence agreement with the EU in what one European official described Friday as one of the most ambitious deals Europe has ever signed with a third country. The agreement will open the door to Canada's participation in the ReArm Europe initiative, allowing Canada to access a 150-billion-euro loan program for defence procurement, called Security Action for Europe. An EU official briefing reporters on Friday said once the procurement deal is in place, Canada will have to negotiate a bilateral agreement with the European Commission to begin discussions with member states about procurement opportunities. A Canadian official briefing reporters on the summit Saturday said the initial agreement will allow for Canada's participation in some joint procurement projects. However, a second agreement will be needed to allow Canadian companies to bid. 1:48 Carney to increase U.S. steel, aluminum tariffs if trade talks with Trump stall At the EU-Canada summit, leaders are also expected to issue a joint statement to underscore a willingness for continued pressure on Russia, including through further sanctions, and call for an immediate and permanent ceasefire in Gaza. Story continues below advertisement After Brussels, Carney heads to The Hague in the Netherlands for the NATO leaders' summit on Tuesday and Wednesday. Get daily National news Get the day's top news, political, economic, and current affairs headlines, delivered to your inbox once a day. Sign up for daily National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy There, Carney will meet with the King of the Netherlands and later with leaders of Nordic nations to discuss Arctic and transatlantic security. At the NATO summit, Carney will take part in bilateral meetings with other leaders. The summit agenda includes a social dinner hosted by the king and queen of the Netherlands and a two-and-a-half hour meeting of the North Atlantic Council. NATO allies are expected to debate a plan to hike alliance members' defence spending target to five per cent of national GDP. NATO data shows that in 2024, none of its 32 members spent that much. The Canadian government official who briefed reporters on background says the spending target and its timeline are still up for discussion, though some allies have indicated they would prefer a seven-year timeline while others favour a decade. Canada hasn't hit a five- per- cent defence spending threshhold since the 1950s and hasn't reached the two per cent mark since the late 1980s. NATO says that, based on its estimate of which expenditures count toward the target, Canada spent $41 billion in 2024 on defence, or 1.37 per cent of GDP. That's more than twice what it spent in 2014, when the two per cent target was first set; that year, Canada spent $20.1 billion, or 1.01 per cent of GDP, on defence. Story continues below advertisement In 2014, only three NATO members achieved the two per cent target — the U.S., the U.K., and Greece. In 2025, all members are expected to hit it. Any agreement to adopt a new spending benchmark must be ratified by all 32 NATO member states. Former Canadian ambassador to NATO Kerry Buck told The Canadian Press the condensed agenda is likely meant to 'avoid public rifts among allies,' describing Trump as an 'uncertainty engine.' 'The national security environment has really, really shifted,' Buck said, adding allies next door to Russia face the greatest threats. 'There is a high risk that the U.S. would undercut NATO at a time where all allies are increasingly vulnerable.' Trump has suggested the U.S. might abandon its mutual defence commitment to the alliance if member countries don't ramp up defence spending. Story continues below advertisement 'Whatever we can do to get through this NATO summit with few public rifts between the U.S. and other allies on anything, and satisfy a very long-standing U.S. demand to rebalance defence spending, that will be good for Canada because NATO's good for Canada,' Buck said. Carney has already made two trips to Europe this year — the first to London and Paris to meet with European allies and the second to Rome to attend the inaugural mass of Pope Leo XIV.


Winnipeg Free Press
4 hours ago
- Winnipeg Free Press
Carney travelling to Europe for security, defence talks with EU, NATO
OTTAWA – Prime Minister Mark Carney will depart for Europe on Sunday for back-to-back summits where he is expected to make major commitments for Canada on security and defence. Carney will be joined by Foreign Affairs Minister Anita Anand, Defence Minister David McGuinty and secretary of state for defence procurement Stephen Fuhr at the EU and NATO summits, where military procurement and diversifying supply chains will top the agendas. The international meetings come as Canada looks to reduce its defence procurement reliance on the United States due to strained relations over tariffs and President Donald Trump's repeated talk about Canada becoming a U.S. state. Carney will fly first to Brussels, Belgium, starting the trip with a visit to the Antwerp Schoonselhof Military Cemetery where 348 Canadian soldiers are buried. He will also meet with Belgian Prime Minister Bart De Wever, European Council President António Costa and European Commission President Ursula von der Leyen. At the EU-Canada summit, Anand and McGuinty are expected to sign a security and defence agreement with the EU in what one European official described Friday as one of the most ambitious deals Europe has ever signed with a third country. The agreement will open the door to Canada's participation in the ReArm Europe initiative, allowing Canada to access a 150-billion-euro loan program for defence procurement, called Security Action for Europe. An EU official briefing reporters on Friday said once the procurement deal is in place, Canada will have to negotiate a bilateral agreement with the European Commission to begin discussions with member states about procurement opportunities. A Canadian official briefing reporters on the summit Saturday said the initial agreement will allow for Canada's participation in some joint procurement projects. However, a second agreement will be needed to allow Canadian companies to bid. At the EU-Canada summit, leaders are also expected to issue a joint statement to underscore a willingness for continued pressure on Russia, including through further sanctions, and call for an immediate and permanent ceasefire in Gaza. After Brussels, Carney heads to The Hague in the Netherlands for the NATO leaders' summit on Tuesday and Wednesday. There, Carney will meet with the King of the Netherlands and later with leaders of Nordic nations to discuss Arctic and transatlantic security. At the NATO summit, Carney will take part in bilateral meetings with other leaders. The summit agenda includes a social dinner hosted by the king and queen of the Netherlands and a two-and-a-half hour meeting of the North Atlantic Council. NATO allies are expected to debate a plan to hike alliance members' defence spending target to five per cent of national GDP. NATO data shows that in 2024, none of its 32 members spent that much. The Canadian government official who briefed reporters on background says the spending target and its timeline are still up for discussion, though some allies have indicated they would prefer a seven-year timeline while others favour a decade. Canada hasn't hit a five- per- cent defence spending threshhold since the 1950s and hasn't reached the two per cent mark since the late 1980s. NATO says that, based on its estimate of which expenditures count toward the target, Canada spent $41 billion in 2024 on defence, or 1.37 per cent of GDP. That's more than twice what it spent in 2014, when the two per cent target was first set; that year, Canada spent $20.1 billion, or 1.01 per cent of GDP, on defence. In 2014, only three NATO members achieved the two per cent target — the U.S., the U.K., and Greece. In 2025, all members are expected to hit it. Any agreement to adopt a new spending benchmark must be ratified by all 32 NATO member states. Former Canadian ambassador to NATO Kerry Buck told The Canadian Press the condensed agenda is likely meant to 'avoid public rifts among allies,' describing Trump as an 'uncertainty engine.' Monday Mornings The latest local business news and a lookahead to the coming week. 'The national security environment has really, really shifted,' Buck said, adding allies next door to Russia face the greatest threats. 'There is a high risk that the U.S. would undercut NATO at a time where all allies are increasingly vulnerable.' Trump has suggested the U.S. might abandon its mutual defence commitment to the alliance if member countries don't ramp up defence spending. 'Whatever we can do to get through this NATO summit with few public rifts between the U.S. and other allies on anything, and satisfy a very long-standing U.S. demand to rebalance defence spending, that will be good for Canada because NATO's good for Canada,' Buck said. Carney has already made two trips to Europe this year — the first to London and Paris to meet with European allies and the second to Rome to attend the inaugural mass of Pope Leo XIV. This report by The Canadian Press was first published June 22, 2025.


Edmonton Journal
a day ago
- Edmonton Journal
Bell: Carney gets Bill C-5 win but will Danielle Smith get schooled by the PM?
Article content Question for premier But a big question remains. Did Alberta Premier Danielle Smith get what she wanted? Did Alberta get what it wanted? Unlike Carney, both Smith and Alberta will have to wait for the big win, if there is one. Carney is asked the big question after his big win. Will the first projects to be fast-tracked be in the energy field? Will those projects be considered initially? The reporter mentions Premier Smith and pipelines. Smith wants a bitumen pipeline to the B.C. port of Prince Rupert. Smith backed Carney on Bill C-5. 'Well, that's a very good question,' says Carney. You know when someone says it's a very good question you might not get a very good answer. 'It depends. To be perfectly honest that's the only answer,' continues the prime minister. Carney says there are transmission line projects and there are a number of possible pipeline projects, gas pipelines or oil pipelines. Article content Article content But …. 'At the same time there are major projects that are very attractive. For example, a project in Quebec that's very attractive,' he says, in French. Sinking feeling Carney mentions a potential energy corridor at Grays Point in Nunavut. There is a potential project in Manitoba and Saskatchewan as far as Churchill. 'Those are projects that could lead to the development of other projects involving critical minerals.' If you're experiencing a sinking feeling it's not the pizza you ate last night. Carney says there are other projects not on the list put forward by the provinces 'in terms of AI infrastructure.' The prime minister talks about what a project has to have in order to be picked for the express lane of approval. 'It has to be in the national interest,' says Carney. 'There has to be some probability they can actually move forward. Article content 'We have to have the agreement of the Indigenous peoples.' Here is a line for you. 'They also have to be consistent with our climate goals in Canada.' When will the first so-called nation-building projects be picked? 'We'll see,' says Carney. Premier Smith has already said she wants Carney and the Liberals to be dealing with her demand to scrap nine anti-oil and gas and anti-development Liberal laws by the fall. You know, getting rid of the oil and gas emissions cap, the tanker ban, rewriting or scrapping the No More Pipelines law, tossing the net-zero power regulations, to name the ones that always come up. A few days ago, Smith backed Carney in the hopes of getting the pipeline built as a first step. Then with her pipeline on the prime minister's VIP list, the Very Important Project list, Carney could then take the hatchet to the bad for Alberta laws cooked up in the 10 years of Trudeau. Article content But, just saying, what happens if Carney doesn't come through with Smith's bitumen pipeline? What happens if Carney doesn't deal with most of Smith's demands? One of the premier's demands is for Carney to scrap the Liberal goal of having no new gas vehicles sold in 10 years. Carney is not changing course on that one. Meanwhile, the federal Conservatives also backed Carney. They also wanted the nasty Liberal laws holding up development to be scrapped. They campaigned on it in the last election campaign. They voted with Carney on Bill C-5 since something was better than nothing. They didn't want to be seen as standing in the way of something moving forward. When the vote was over Carney went over and shook some Conservative hands. It is easy to shake hands when you won the game. Devin Dreeshen, Smith's point man on transportation and economic corridors who is hoping real hard for that bitumen pipeline, weighs in on a worst-case scenario. 'If the kind words from the Carney government ring hollow because there are no projects in Alberta being fast-tracked we are right back to Square 1 where we have a federal government that says it is Team Canada but is doing everything to not help Team Canada win.' Latest National Stories