Quintiles announced today that it has completed its acquisition of Advion BioServices, a 180-employee lab business based in Ithaca, N.Y.
Durham-based Quintiles, the world's largest pharmaceutical services company, paid an undisclosed amount of cash for Advion. The company will now be known as Advion Bioanalytical Labs.
Advion is one of several recent acquisitions announced by Quintiles, which at the outset of this year decided it wanted to add new services and boost its growth through acquisitions.


Quintiles, the world's largest provider of services for the biopharmaceutical industry, plans to take advantage of the improving financial markets by borrowing $2.43 billion.
