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August Troendle

August Troendle

A. Troendle
1.2% | + $41.54M
$3.52 B ₹ 31,977 Cr
Real Time Net Worth #1202 Ranking as of 21 Feb 2026 By Forbes

More on August Troendle

Gender

Male

Age

70Y

Country

United States

Born On

January, 1956

Deceased

No

Relationship Status

Married

Children

3

Education

University Of Maryland - Doctor Of Medicine

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Clinical Trials)

Primary Organization

Medpace

Titles

Founder, President & CEO

Sources of Wealth

Medpace

Industry

Healthcare, Pharmaceuticals, Biotechnology

About August Troendle


A ugust Troendle is an American physician and entrepreneur who is the founder, President, and CEO of Medpace, a leading contract research organization (CRO). CROs provide support to the pharmaceutical and biotechnology industries in the form of outsourced research services for clinical trials. After earning his medical degree, Troendle worked as a medical officer at the U.S. Food and Drug Administration (FDA), where he gained deep insights into the drug development and approval process.

He founded Medpace in 1992, leveraging his medical and regulatory expertise to build a company that could effectively manage complex clinical trials for drug and medical device companies. As CEO, he has led the company for over three decades, growing it from a small startup into a major publicly traded global enterprise. He is known for his hands-on leadership style and his deep involvement in the company's operations. His success is built on providing the critical, specialized services that help bring new medical treatments to market.

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Quick Reads


  • Founder, President, and CEO of the contract research organization (CRO) Medpace.
  • A medical doctor by training, he previously worked at the U.S. Food and Drug Administration (FDA).
  • Founded Medpace in 1992.
  • The company provides clinical trial management services for the pharma and biotech industries.
  • He remains the company's largest shareholder and has led it for over 30 years.

Early Life and Background


Dr. August Troendle is a physician, scientist, and the self-made founder and CEO of Medpace (NASDAQ: MEDP), a leading global Contract Research Organization (CRO). His background is rooted in the highest levels of medical science and regulatory affairs. He received his Medical Degree (M.D.) from the University of Maryland, School of Medicine, and later secured an MBA from Boston University, uniquely blending clinical expertise with business acumen.

His career began in the highly regulated sphere of government: from 1986 to 1987, Dr. Troendle served as a Medical Review Officer at the U.S. Food and Drug Administration (FDA). This experience provided him with a deep, insider's understanding of the rigorous process required to bring safe and effective drugs to market. He then moved to the pharmaceutical industry, working at Sandoz (now Novartis) until 1992, where he specialized in the clinical development of lipid-altering agents. This rare combination of regulatory, clinical, and corporate experience inspired his vision for Medpace.

Career Journey of August Troendle


Dr. August Troendle founded Medpace in Cincinnati, Ohio, in 1992, with a clear mission: to offer a more innovative, high-science, and efficient way to conduct clinical trials. He envisioned Medpace as a full-service, therapeutic-area-specific CRO, acting as a partner rather than just a service provider to biopharmaceutical sponsors. This vertical integration of clinical expertise and trial execution streamlined the complex process of drug development.

Under his leadership as CEO and Chairman, Medpace has grown organically into a global giant with thousands of associates across over 40 countries. Troendle's background as a medical doctor sets him apart, as he understands the human stories and the ethical gravity behind the trials his company manages. He has guided Medpace through its growth and public listing, cementing his personal fortune and the company's reputation for scientific rigor, which is critical to accelerating the development of life-saving medical therapeutics worldwide.

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August Troendle's Timeline


1986–1987:

Serves as a Medical Review Officer at the U.S. FDA (Federal career).

1987–1992:

Works at Sandoz (Novartis), specializing in clinical drug development (Pharma career).

1992 (July):

Founds Medpace in Cincinnati, Ohio, as a high-science CRO (Entrepreneurial founding).

c. 2012–2018:

Serves on the board of directors for Coherus BioSciences (Investment/advisory role).

Ongoing:

Continues as CEO and Chairman of the Board of Directors of Medpace (Executive Leadership).

Major Business Ventures and Investments


Dr. August Troendle’s wealth is concentrated in his controlling stake in the publicly listed global Contract Research Organization, Medpace (MEDP).

  • Medpace (Founder, CEO, & Chairman): The core asset, specializing in designing and executing clinical trials on behalf of pharmaceutical and biotechnology companies. Medpace is known for its high-science, full-service model and expertise in complex therapeutic areas.
  • Biotech/Pharma Directorships: He has extensive experience serving on the boards of diverse public and private biotech firms, including Coherus BioSciences and CinCor Pharma, reflecting a continued investment and advisory role in the medical innovation sector.
  • Strategic Vision: His decision to build the company organically allowed Medpace to maintain a unique culture and values focused on its mission and scientific standards.

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Philanthropy and Social Impact


Dr. Troendle’s social impact is deeply embedded in the mission of Medpace: accelerating the global development of safe and effective medical therapeutics. By improving the efficiency and quality of clinical trials, his company helps expedite the delivery of life-saving drugs to millions of patients.

His medical background ensures a continuous focus on the ethical and human dimensions of drug development. His philanthropy supports medical and scientific research, leveraging his M.D. and MBA to ensure that capital is directed toward meaningful, high-impact scientific endeavors for the betterment of human health globally.

Fashion, Style, and Lifestyle


Dr. August Troendle projects the highly professional and disciplined style of a scientist-turned-CEO. His attire is consistently formal, favoring tailored suits and a classic business presentation suitable for medical conferences and corporate boardrooms. His aesthetic is one of sobriety and intellectual rigor, reflecting the ethical demands of the pharmaceutical research industry.

Residing in Palo Alto, California, his luxury is defined by the security of his multi-billion dollar Medpace stake and the intellectual satisfaction of leading a company that profoundly impacts global health. His life is dedicated to the intersection of science and commerce, ensuring that his technical expertise continues to drive the future of clinical research.

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Quotes and Philosophy


“My vision for Medpace was to offer a more innovative way to conduct clinical trials, focused on therapeutic expertise.”

“We understand the gravity of our work—the potential for these trials to improve countless lives.”

Fun Facts & Trivia


  • He worked as a Medical Review Officer at the U.S. FDA before founding his company.
  • He holds both a Medical Degree (M.D.) and an MBA.
  • His company, Medpace, specializes in clinical trials for biopharmaceutical sponsors.
  • He worked on the clinical development of lipid-altering agents at Sandoz.
  • Medpace has grown organically into a global firm with over 5,800 associates across 41 countries.
  • His background as a physician gives him a unique ethical and scientific edge in the CRO industry.
  • He has served as a director for numerous high-growth biotech companies.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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