Medpace

Medpace

MEDP
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MEDP · Stock Price

USD 428.71+132.68 (+44.82%)
Market Cap: $12.1B

Historical price data

Market Cap: $12.1BPipeline: 74 drugs (23 Phase 3)Founded: 2009Employees: 6200+HQ: Cincinnati, United States

Overview

Medpace is a mission-driven CRO focused on accelerating the global development of safe and effective medical therapeutics through an uncompromising commitment to quality and ethical standards. The company has achieved a $13+ billion valuation through over 30 years of purely organic growth, avoiding the integration challenges of M&A to deliver consistent, high-touch service. Its core strategy revolves around a vertically integrated, full-service model and a 'One Team' approach that embeds therapeutic expertise into client programs, making it the trusted partner for approximately 90% of its clients, which are emerging biotech firms.

Hematology & OncologyCell & Gene TherapyImmunology & InflammationInfectious Disease & VaccinesNeuroscienceCardiovascularDermatologyEndocrine & MetabolicGastroenterology & HepatologyNephrologyOphthalmologyWomen's Health

Technology Platform

A vertically integrated, full-service CRO platform combining traditional clinical development services with wholly-owned central laboratories, bioanalytical labs, imaging and ECG core labs, a Phase I unit, and a proprietary Clinical Trial Management System (CTMS) for seamless execution.

Pipeline

74
74 drugs in pipeline23 in Phase 3
DrugIndicationStageWatch
Lesinurad + XOI + Placebo + colchicine + corticosteroidsGoutApproved
VI-0521 + VI-0521 + Placebo matched phentermine/topiramateObesityPhase 3
TNX-103 + PlaceboPulmonary HypertensionPhase 3
lerodalcibepHeterozygous Familial HypercholesterolemiaPhase 3
lerodalcibepCardiovascular Disease With Mention of ArteriosclerosisPhase 3

Funding History

1
Total raised:$150M
IPO$150M

Opportunities

Medpace is poised to benefit from sustained growth in global biopharma R&D spending, increased outsourcing penetration, and the rising complexity of clinical trials, particularly in novel therapeutic areas like cell and gene therapy.
Its strong local presence in high-growth regions such as Asia-Pacific provides a significant geographic expansion opportunity.

Risk Factors

Key risks include dependence on the funding health of the small-to-midsize biotech sector, intense competition from larger and niche CROs, operational risks inherent in complex global trials, and exposure to geopolitical and macroeconomic volatility across its 46 countries of operation.

Competitive Landscape

Medpace competes with large, full-service CROs (e.g., IQVIA, ICON) and specialist firms. Its differentiation stems from a unique, organically-grown vertically integrated model, a deep strategic focus on biotech clients, and a 'One Team' approach that ensures therapeutic expertise and continuity, allowing it to command a premium position in its core market.