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Thermo Fisher expands pharma service business with US$17.4 billion PPD acquisition Toggle share menu
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Thermo Fisher expands pharma service business with US$17.4 billion PPD acquisition
This Apr 26, 2007, file photo, shows the exterior of Thermo Fisher Scientific, in Waltham, Massachusetts. (Photo: AP/Stephan Savoia)
16 Apr 2021 02:45AM Share this content
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LONDON: Medical device maker Thermo Fisher Scientific said on Thursday (Apr 15) it would acquire contract researcher PPD for US$17.4 billion as it looks to add more muscle to its pharmaceutical services business.
Thermo Fisher, the world s largest maker of scientific instruments, will pay US$47.50 per share - a premium of 10.6 per cent to PPD s Wednesday closing price.