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July 18, 2006
By: Tim Wright
Editor-in-Chief, Contract Pharma
PPD 2Q Revenue: $309 million (+26%) 2Q Earnings: $36.4 million (+75%) YTD Revenue: $608 million (+24%) YTD Earnings: $78 million (+46%) Comments: Development segment revenue for the quarter was $278.9 million, up 24%. Discovery sciences segment revenue was $4.6 million, up 27%. R&D expense for the quarter was $1.3 million compared to $11.4 million in 2Q2005. This decline was related to the July 2005 transfer of PPD’s development and commercialization rights to the...
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