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APAC Regulatory Roundup: Infectious Disease A Common Theme As COVID Lingers

APAC Regulatory Roundup: Infectious Disease A Common Theme As COVID Lingers
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Hong Kongers Flee to Singapore; Japan Border Rules: Virus Update

(Bloomberg) Singapore is becoming a popular escape for Hong Kongers frustrated and anxious about the government’s handling of Covid-19. A net 71,000 people left Hong Kong in February, and there are more flights to Singapore than anywhere else aside from Shanghai. ....

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Thermo Fisher to buy PPD for $17.4 billion as health care deals soar during the pandemic

Thermo Fisher is the biggest public company based in Massachusetts. Its acquisition of PPD represents a push into drug development and clinical trial services in the biotech and pharma industries. ....

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Thermo to buy PPD for US$17.4 billion as health deals soar

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Thermo Fisher Buys PPD for $17.4B, as Healthcare Deals Soar

Thermo Fisher Buys PPD for $17.4B, as Healthcare Deals Soar
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April 8, 2021
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Thermo Fisher Scientific Inc. has agreed to acquire
PPD Inc., a provider of clinical and research services to the pharma and biotech industries, for $17.4 billion as healthcare deal making soars amid the pandemic.
Thermo Fisher will pay $47.50 a share for PPD, according to a statement Thursday, and will assume about $3.5 billion of net debt. The price represents a premium of about 24% to the PPD closing price Tuesday, before reports of a possible deal.
Companies like PPD that offer clinical research services, or CROs, help run the studies that get experimental drugs to market, a crucial part of the typically invisible infrastructure. Thermo Fisher has become a major player in the pandemic as a top producer of diagnostic test kits for Covid-19 as well as laboratory equipment and supplies. The PPD deal allows the company to provide a ....

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