21 days ago • Posted by William Ramstein
Thermo Fisher nears a deal to buy PPD for $15B !
PPD is a pharmaceutical-testing company with a worth north of $13 billion. Thermo Fisher fishes out $187 billion. PPD reported $4.7 billion in revenue last year up 16% and its profits tripled to $160 million! With more than $10 billion in cash and hungry for M&A, Thermo Fisher will hope to close a deal this week.