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Thermo Fisher Acquires PPD for $17.4B

Further expands service offering to pharma and biotech customers.

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By: Tim Wright

Editor-in-Chief, Contract Pharma

Thermo Fisher Scientific has acquired clinical research services provider PPD for $17.4 billion.   PPD provides a broad range of clinical research and laboratory services to enable customers to accelerate innovation and increase drug development productivity. A leader in the growing $50 billion clinical research services industry, PPD has more than 26,000 colleagues operating in nearly 50 countries. In 2020, the company generated revenue of $4.7 billion. Upon close of the transaction, PPD will...

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