DURHAM – Dennis Gillings, the retired former CEO and chair as well as co-founder of Quintiles, along with other investors have sold 12 million shares in IQVIA.
IQVIA, which operates dual headquarters in Durham and Danbury, Conn., is purchasing 4 million of the shares.
IQVIA (NYSE: IQV) is the life science firm renamed from QuintilesIMS dating back to the merger of Quintiles and IMS in 2016.
Gillings recently retired from the firm’s board.
Also selling shares were TPG Global, CPP Investment Board Private Holdings and Bain Capital.
Shares were offered at $103,50 per share.
IQVIA shares sold at $103.43 Thursday afternoon.
Shares recently hit a 52-week high of $110.67. Its low in that time span is $85.50.
