Clinical research organization that does drug trials phase 1 through 4. They manage the regulatory side of the trial. Has been a very successful company. Stumbled a little bit on one-time costs and is trading below its peer group and its own historical multiples.
Contract research organization. They basically take outsourced trials from pharmaceutical companies and do the phase 1 through 4 trials. Fits well into the time we are in where everyone wants to save money in health care. Trading at about 7.5X earnings. Recent earnings were very good.