By Jonathan D. Rockoff and Cara Lombardo

Thermo Fisher Scientific Inc. is nearing a deal to buy pharmaceutical-testing company PPD Inc. for more than $15 billion, according to people familiar with the matter, in what would be the latest tie-up among companies that run clinical trials and provide other services for drugmakers.

The companies could finalize a deal as soon as this week, assuming the talks don't fall apart, the people said. PPD has a market value of about $13.6 billion, while Thermo Fisher's is $187 billion.

(More to come)

Write to Jonathan D. Rockoff at Jonathan.Rockoff@wsj.com and Cara Lombardo at cara.lombardo@wsj.com

(END) Dow Jones Newswires

April 14, 2021 16:02 ET (20:02 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
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