Local Tech Wire

WILMINGTON, N.C. – Executives at (Nasdaq: PPDI) will ring the opening bell at the Nasdaq exchange on July 1 to commemorate the 25th anniversary of the company’s launch.

PPD, one of the world’s first contract research organizations that provide services to life science firms, went public on the Nasdaq in 1996.

“For the past 25 years, we have built a solid foundation based on delivering scientific expertise, quality service and innovative technologies to help our clients deliver safe, effective medicines to patients," said Fred Eshelman, executive chairman of PPD and the company’s founder.

"We take great pride in what we have achieved for our clients and shareholders and will continue to adapt to the changing drug discovery and development landscape as we plan for PPD’s long-term growth and success,” Eshelman added.

David Grange recently succeeded Eshelman as CEO.

PPD operates in 41 countries with more than 10,500 employees.

“We have a strong history and legacy of assisting clients in achieving their research and development goals,” Grange said in a statement. “Our employees across the globe bring passion and dedication to advancing drug development."

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