Hammersmith Medicines Research Ltd

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Hammersmith Medicines Research Ltd - overview

Established

1993

Location

London, -, UK

Primary Industry

Pharmaceuticals

About

Hammersmith Medicines Research Ltd is a UK-based Clinical Research Organisation focused on conducting Phase 1 and early Phase 2 clinical trials, providing comprehensive services to pharmaceutical and biotechnology sectors globally. Hammersmith Medicines Research Ltd, founded in 1993, operates as a Clinical Research Organisation conducting early-phase clinical trials. Located in London, UK, the company has successfully completed over 900 trials, establishing a strong presence in the clinical research field. The firm has not undergone significant changes in business strategy or operations since its inception.


No information is available regarding subsidiaries or parent companies. The company's founder has not been specifically mentioned in available records. Hammersmith Medicines Research Ltd has been involved in one deal, with the most recent acquisition taking place on August 4, 2025. Hammersmith Medicines Research (HMR) specializes in executing Phase 1 and early Phase 2 clinical trials, offering services like study design, regulatory compliance, subject recruitment, clinical project management, data management, and statistical analysis.


HMR is recognized for its integrated approach, featuring in-house laboratory services, pharmacy, and endoscopy, enhancing trial efficiency and quality. The company caters to pharmaceutical and biotechnology clients worldwide, addressing various therapeutic areas such as cardiovascular, central nervous system, and immunology, and has completed over 900 clinical trials since 1993. Hammersmith Medicines Research generates revenue primarily through contracts with pharmaceutical and biotechnology companies for clinical trial execution. Their revenue model revolves around fee-for-service agreements, which generally include fixed fees and milestone payments linked to trial progress.


HMR's service offerings, particularly its integrated laboratory and pharmacy services, strengthen its competitive position. The pricing structure reflects the complexity of trials and the expertise involved, with long-term relationships with sponsors supporting repeat business and revenue stability in the clinical research market. In August 2025, Hammersmith Medicines Research Ltd was acquired by Nucleus Network, LLC, a portfolio company of Blackstone, to enhance its business development efforts. This acquisition is expected to support the company’s strategy for growth, although specific upcoming products or services have not been detailed.


There are no mentions of planned expansions into new markets or geographic regions at this time.


Current Investors

Nucleus Network

Primary Industry

Pharmaceuticals

Sub Industries

Pharmaceutical Research & Development

Website

www.hmrlondon.com

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Hammersmith Medicines Research Ltd - financials

Fiscal Year EndedJan 31, 2015Jan 31, 2016Jan 31, 2017Jan 31, 2018Jan 31, 2019Jan 31, 2020Jan 31, 2021Jan 31, 2022Jan 31, 2023Jan 31, 2024
Revenue (USD)14,799,41410,788,41318,035,99719,064,20317,250,33319,913,32416,875,932---
% Revenue Growth (YoY)-(27.1%)67.2%5.7%(9.5%)15.4%(15.3%)---
EBITDA (USD)1,953,288(999,968)657,6792,279,316373,3731,277,028(26,567)---
Operating Income (USD)1,380,121(1,589,125)105,3451,768,616(148,042)691,409(632,810)---
Operating Margin9.3%(14.7%)0.6%9.3%(0.9%)3.5%(3.7%)---
% EBITDA Margin13.2%(9.3%)3.6%12.0%2.2%6.4%(0.2%)---
NET Income (USD)1,640,010(1,060,878)206,9231,467,667293,915716,620(475,029)---
% Net Margin11.1%(9.8%)1.1%7.7%1.7%3.6%(2.8%)---

Hammersmith Medicines Research Ltd - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedHammersmith Medicines Research Ltd-

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