WILMINGTON, N.C. (WECT) – PPD is now a publicly traded company. PPD CEO David Simmons rang the Nasdaq opening bell Friday as the company began trading as a public company. Bloomberg says PPD has raised $1.62 billion in the biggest US IPO so far in 2020.
When did PPD Inc go public?
PPD was founded by entrepreneur and philanthropist Fred Eshelman who took the firm public in 1996 after launching it in 1985.
What happened to PPD Inc?
PPD to be sold for $17.4 billion to Massachusetts-based Thermo Fisher Scientific. Wilmington’s largest private employer and a staple of the city’s downtown business community has been sold. Massachusetts-based Thermo Fisher Scientific plans to acquire PPD for $17.4 billion and assume $3.5 billion of the company’s debt.
Who owns PPD CRO?
Thermo Fisher Scientific
Thermo Fisher Scientific has agreed to acquire clinical research organization PPD for $17.4 billion, the companies said this morning, in a deal that further consolidates contract research organizations (CROs) into a handful of corporate giants.
What does PPD stand for pharmaceutical?
Pharmaceutical Product Development
Pharmaceutical Product Development (PPD) is a global contract research organization (CRO) providing comprehensive, integrated drug development, laboratory and lifecycle management services.
Is PPD a global company?
PPD is a Leading Global Contract Research Organization Focused on Delivering Life-changing Therapies.
Who bought PPD?
Thermo Fisher Scientific, Inc.
Thermo Fisher Scientific, Inc. announced Wednesday that it’s finalized the purchase of PPD for $17.4 billion, according to a press release from the company. Thermo Fisher Scientific announced its plans to buy PPD and take on approximately $3 billion of the company’s debt back in April.
Is PPD a good company?
Is PPD a good company to work for? PPD has an overall rating of 4.0 out of 5, based on over 3,039 reviews left anonymously by employees.
What is PPD company known for?
From its beginnings in 1985 as a one-person consulting firm to its position today as a leading global provider of clinical research services within Thermo Fisher Scientific, PPD’s history is shaped by its commitment to consistent quality and execution, exceptional customer-aligned service and continuous innovation to …