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PPD Sells Piedmont Center, Buys Magen Biosciences

PPD, Inc. has entered into a definitive agreement to sell its wholly-owned subsidiary Piedmont Research Center, LLC to Charles River Laboratories for $46.0 million in cash.

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By: Tim Wright

Editor-in-Chief, Contract Pharma

PPD, Inc. has entered into a definitive agreement to sell its wholly-owned subsidiary Piedmont Research Center, LLC to Charles River Laboratories for $46.0 million in cash. Piedmont Research Center provides preclinical research and evaluation of anticancer agents and therapies. “Under Beth Hollister’s leadership, Piedmont Research Center has been a solid contributor to our discovery sciences segment since we acquired this business in 2002,” said Fred Eshelman, chief executiv...

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