Deloitte finalises Recom buy

Global financial services giant Deloitte has completed the acquisition of Recombinant Capital, the San Francisco-based life sciences subscription database and advisory services firm.

The financial terms of the deal have not been disclosed.

In a statement, Deloitte said the new business will be known as Deloitte Recap LLC, or Recap.

The acquisition includes Recombinant Capital's database of 1,500 subscribers, who have access to over 20 years of historical data on publicly available information in the life sciences industry, ranging from alliance formations to intellectual property ownership and clinical trials data.

Deloitte said Recap's customers will include approximately 90 per cent of the top-tier biotech and pharmaceutical companies in the US by market capitalisation. The company also serves as a supplier of data to organisations, including venture capital firms, major law firms, universities and medical centres.