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Clinical Development Services revenue up 26% and Laboratory Services revenue grew 29%.
November 2, 2021
By: Kristin Brooks
Managing Editor, Contract Pharma
PPD 3Q Revenues: $1.6 billion (+27%) 3Q Earnings: $169.0 million (earnings were $9.1 million 3Q20) YTD Revenues: $4.5 billion (+36%) YTD Earnings: $268.0 million (earnings were $58.1 million YTD20) Comments: Net authorizations growth of 12.7% over third quarter 2020 to $1.4 billion, resulting in a net book-to-bill ratio of 1.19x on a historical basis Ending backlog growth of 20.3% over third quarter 2020 to $9.5 billion on a historical basis. Revenue for the quarter increased 26.5% to $1.6 ...
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