Thermo Fisher Nears Deal to Buy PPD for More Than $15 Billion
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
(More to come)
Write to Jonathan D. Rockoff at Jonathan.Rockoff@wsj.com and
Cara Lombardo at firstname.lastname@example.org
(END) Dow Jones Newswires
April 14, 2021 16:02 ET (20:02 GMT)
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