Tell us a short version of what is your business?
Paratus Clinical is a privately held business providing support to a network of sites some of which we own (Kanwal, Blacktown in NSW and Bruce in the ACT) to enable them to conduct Clinical Trials for the Pharmaceutical, Medical Device and Medical Diagnostic Industries.
How long have you been operating, how many staff do you have in your team?
Paratus was formed in 2012 and received its first round of VC investment in 2015. We commenced operations in August 2015 initially supporting GP practices and later supporting our own Research Clinics. We currently have 36 employees across the business.
What are the successes and challenges of your Business?
Paratus sits in a very challenging and conservative industry with Clinical Trials mostly being conducted in the Public Health sector. Paratus in one of the first large scale businesses in Australia of its kind. Paratus would now be seen as the largest provider of these services in Australia and New Zealand. Our revenue in the last FY was almost 600% growth on the 2018-19 FY.
What were the reasons you made the move to work from the Nexus?
We had a small number of corporate staff based in our Kanwal clinic. The clinic can no longer house these staff due to the growth being experienced.
What value does Nexus Smart Hub hold for you?
Nexus is a professional work space that allows us staff the flexibility to work away from the busy clinic.
Do you have any special offers or incentives or what you can you help other Nexus members with?
We can offer the opportunity to be involved in a clinical trial. Check out our Facebook page: Central Coast Clinical Research for more info.
Paratus Clinical Pty Ltd
Kanwal Medical Complex
T +61 2 4393 3852
F +61 2 4393 3855