CTI Clinical Trial and Consulting Services, a global, privately held, full-service CRO, will relocate the company’s Consulting and Health Economics and Outcomes Research (HECOR) divisions to University Station adjacent to the Xavier University campus in Cincinnati, Ohio.

The first phase of the $54 million development is underway and will be completed in August 2014. Over 50 employees will work out of the new building.

“The close proximity to Xavier University is very appealing for a variety of reasons, including potential collaborations with the Williams College of Business and the College of Social Sciences, Health and Education,” said Lynn Fallon, CTI president.

“As a former faculty member at Xavier University, I envision great opportunities in recruiting future CTI employees as well as the chance to develop strategic partnerships and research initiatives with the university,” said Dr. Candace Gunnarsson, vice president of Health Economics and Outcomes Research at CTI.

Timothy Schroeder, CTI’s CEO, said, “This location will complement our four additional offices in Greater Cincinnati, located in Blue Ash, Anderson, Madisonville and Crestview Hills.”