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Icon buys specialist lab company

Icon, which provides services to pharmaceutical, biotechnology and medical devices companies has bought Veeda Laboratories, a subsidiary of the Veeda Clinical Research Group.

Veeda Laboratories is a specialist provider of biomarker laboratory services to global pharmaceutical and biotechnology industries.

Biomarkers are biochemical features that can be used to measure the progress of disease or the effects of treatment.

Icon president Thomas Frey said biomarkers of disease were assuming an ever-increasing role in the discovery and development of drugs.

Icon currently has more than 7,000 employees.