PPDI

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CRO M&A: PPD and PRA International reportedly seeking buyers

Shares of North Carolina clinical research organization PPD (NYSE:PPDI) climbed on reports that the company is for sale. PPD shares are trading at $32.35 on Monday morning, up more than 16 percent over Friday’s close. Shares later leveled off at $30.92 cents per share. The Wall Street Journal cited unnamed “people familiar with the matter” […]

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PPD expands consulting division, signals areas for CRO growth

PPD (NYSE:PPDI) is expanding its consulting services into four new areas, signaling the kinds of services that the Wilmington, North Carolina clinical research organization believes will be  growth opportunities. The CRO’s consulting arm, PPD Consulting, has added biosimilars, adaptive trial design, China regulatory strategy and cardiovascular outcome studies as four new practice areas for the […]

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Pharma demand for clinical trial services drives PPD’s 1Q earnings

PPD‘s net income soared to $37.3 million in the first quarter, more than double the profits the clinical research organization reported a year ago, as the Wilmington, North Carolina-based company continued to report strong growth providing clinical trial services to pharmaceutical companies. First-quarter net revenue for PPD (NASDAQ:PPDI) was $383.2 million, a more than 10 […]