Posts tagged “PPD”

Updated September 13, 2012

Premium Lock Quintiles ranks No. 6 in InformationWeek '500'

Lowe's, PPD, SAS, Bank of America and Martin Marietta also crack the top 200 in the annual ranking of information technology trend-setters as selected by InformationWeek magazine.

IW 500 IW 500

May 23, 2012

Premium Lock PPD hires Pfizer executive as its new CEO

David Simmons David Simmons will take over as the leader of the Wilmington-based life science services company on June 4. PPD has been without a CEO since December.

March 2, 2012

Premium Lock Raleigh-based INC Research tops life science service firm survey

INC Research  The study by Cary-based Industry Standard Research is possibly the most comprehensive measure of what pharmaceutical companies think about contract research organizations.

January 30, 2012

Premium Lock Drug partnerships: Not all positive, not all negative

Pozen CEO says there are lessons to be learned from its past partnership deals as the Chapel Hill firm seeks another one.

Pozen CEO John Plachetka  Pozen CEO John Plachetka

January 12, 2012

Premium Lock Life science service sector to rebound, report says

Biotech & Life Science "We expect growth in the CRO industry to continue accelerating into 2012 and the rise of the strategic partnership model should concentrate these benefits in the hands of a select group of narrow-moat providers," says a Morningstar analyst.

Updated December 26, 2011

Premium Lock What's on shopping list for CROs in the new year?

Biotech & Life Science Partners, M&A possibilities, sites in Asia, private equity investments and more consulting expertise are appealing items on the want lists for contract research organizations.

Updated December 14, 2011

Premium Lock PPD CEO steps down; founder Eshelman remains a senior advisor

Ray Hill PPD CEO Ray Hill has stepped down from the clinical research organization a week after PPD's acquisition by The Carlyle Group and Hellman & Friedman was finalized. He departs with a $3 million severance package for running the company since September.

December 5, 2011

Premium Lock Private equity firms close on $3.9B PPD deal

PPD The private equity firms announced the completion of the all-cash deal for the clinical research organization Monday. The close follows an approval vote from shareholders last week.

December 2, 2011

Premium Lock PPD deal includes $21M in 'golden parachutes' for top execs

Even as shareholders approve the $3.9 billion sale of the contract research organization to private equity groups, the future role of PPD management remains unclear.

Fred Eshelman   Fred Eshelman

December 1, 2011

Premium Lock PPD shareholders vote decisively to approve $3.9B sale

PPD The Wilmington-based contract research organization is set to be taken over by The Carlyle Group and Hellman & Friedman.

November 30, 2011

Premium Lock It's decision day for PPD shareholders on $3.9B sale

PPD The Wilmington-based contract research organization has scheduled a meeting for shareholders to vote whether to approve the sale to private equity firms The Carlyle Group and Hellman & Friedman. Online and telephone voting closed Tuesday night.

November 4, 2011

Premium Lock Life science awards go to PPD, Novartis, Steve Burrill

Life science Scrips, an international life science media and related services firm based in the U.K., honors PPD with two awards, Novartis with three, and names Burrill its lifetime achievement winner.

Updated November 2, 2011

Premium Lock 'Go shop' is over for PPD; $3.9B deal goes to shareholders

PPD The life sciences services firm says it failed to find any "alternative acquisition" offers during a 30-day period in which it sought a better deal than the one made with Carlyle Group.

October 31, 2011

Premium Lock PPD fails to find a better offer than $3.9B

PPD The Wilmington-based life science services firm entered into an agreement to sell the company to Carlyle and H&F for $3.9 billion on oct. 2 and didn't get a better offer in "go shop" effort.

October 31, 2011

Premium Lock PPD's private equity deal - How the deal got done

PPD There's a slim chance another bidder could eclipse the $33.25 offer that was ultimately reached. The sale agreement includes a "go shop" provision that allows PPD to consider higher bids if submitted within 30 days of the October 2 merger agreement. Morgan Stanley has contacted a total of 22 parties: nine companies and 13 financial entities.

October 12, 2011

Premium Lock Will PPD's new top exec stay onboard after $3.9B sale?

Ray Hill If Ray Hill is on his way out, the CRO has made no such indications. In the proxy statement filed with the SEC, the company includes a letter from PPD founder and Chairman Fred Eshelman distributed to all employees. In the letter, Eshelman said: "Nothing will change in our day-to-day operations as a result of this transaction. Our management team is working closely together to ensure the company remains focused on our current objectives and strategy. We believe the experience and leadership skills of our senior management team, including CEO Ray Hill, and all of our employees will add great value as we navigate through this transition."

October 7, 2011

Premium Lock Pozen shifts gears in seeking drug development partner

Pozen "It really comes down to how we can maximize the asset," Chief Commercial Officer Liz Cermak said in a conference call with analysts. "We're a little company with a limited amount of resources."

Updated October 3, 2011

Premium Lock PPD's founder unlocks stock value with $3.9B deal

Fred Eshelman, the founder and chairman of the Wilmington life sciences services firm, is also its largest individual stock holder with nearly 7 million shares. The announced going private deal on Monday also doesn't mean PPD won't be worth more before a deal is done. Bloomberg says the deal price was higher before the recent market downturn.

Fred Eshelman   Fred Eshelman

Updated October 3, 2011

Premium Lock PPD shares skyrocket 26% on news of $3.9B deal

PPD The Wilmington-based life science services firm has the option to pursue a better deal over the next 30 days. If a deal is consumated, PPD will become a private company owned by The Carlyle Group and Hellman & Friedman.

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