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Thermo Fisher to acquire CRO firm PPD for $17.4 B

Thermo Fisher to acquire CRO firm PPD for $17.4 B
Thermo Fisher to acquire CRO firm PPD for $17.4 B
15 April 2021 | News
Image credit- shutterstock.com
Thermo Fisher Scientific Inc. and PPD, Inc. have announced that their boards of directors have approved a definitive agreement under which Thermo Fisher will acquire PPD for $47.50 per share for a total cash purchase price of $17.4 billion plus the assumption of approximately $3.5 billion of net debt.
This represents a premium of approximately 24% to the unaffected closing price of PPD s common stock on the Nasdaq as of Tuesday, April 13, 2021, or 32% to the 60-day VWAP inclusive of that date. ....

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Medable Raises $78M to Expand Decentralized Clinical Trials Platform for Patient-Centered Drug Development -

What You Should Know:
– Medable, Inc., a Palo Alto, CA-based global platform for decentralized clinical trials today announced $78M in new funding to fuel advances in the delivery of digital and decentralized clinical trials, accelerating the industry’s shift to patient-centered drug development. The funding was led by Sapphire Ventures, along with new investor Obvious Ventures and follow-on investment from existing investors GSR Ventures, PPD, Inc., and Streamlined Ventures.
– This is Medable’s third round of funding in less than a year, bringing total capital raised to more than $217 million.
Global Decentralized Clinical Trial Platform
Founded in 2015 by Dr. Michelle Longmire and Tim Smith, Medable’s flexible and modular software platform enables clinical leaders to shift from clinic-centric to patient-centric research strategies. The platform provides a unified experience for patients and clinicians, enabling recruitment, remote screening, el ....

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Medable Secures Another $78 Million Funding to Fuel Digital Innovation for Patient-Centered Drug Development

Medable Secures Another $78 Million Funding to Fuel Digital Innovation for Patient-Centered Drug Development
biospace.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from biospace.com Daily Mail and Mail on Sunday newspapers.

United States , Newry And Mourne , United Kingdom , Palo Alto , City Of , San Francisco , Michelle Longmire , David Hartwig , Parag Vaish , Pamela Tenaerts , Sina Mossayeb , Tina Hoang , Andrea Valente , Medable Inc , Ppd Inc , Patient Advisory Council , Life Sciences Innovation Champion , Clinical Trials Transformation Initiative , Patient Champion Network , Duke University , Sapphire Ventures , Obvious Ventures , Tina Hoang To , Chief Scientific Officer , Chief Product Officer , Chief Design Officer ,

Thermo Fisher Scientific to Acquire PPD, Inc., a Leading Clinical Research Organization

Thermo Fisher Scientific to Acquire PPD, Inc., a Leading Clinical Research Organization
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.

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SHAREHOLDER ALERT: WeissLaw LLP Investigates PPD, Inc.

SHAREHOLDER ALERT: WeissLaw LLP Investigates PPD, Inc.
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.

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