Syneos Well being eyes sale of firm as contract backlog shrinks

Shares of Syneos Well being Inc rose 13% after Reuters exclusively reported that the corporate is making a brand new effort to promote itself. The trouble comes within the wake of a lowered backlog of contracts for offering medical analysis to drug builders that led to a plunge within the worth of its shares over the previous yr. Syneos has employed Financial institution of America Corp and Centerview Companions LLC for monetary recommendation because it embarks on a brand new spherical of talks with potential acquirers that will embody trade friends and personal fairness corporations.