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Pharmaceutical

Carlyle Group enters talks to acquire Pharmaceutical Product Development Inc.

August 16, 2011
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NEW YORK — The Carlyle Group, a global asset management firm, is in talks to acquire contract drug developer Pharmaceutical Product Development Inc. (PPD), Bloomberg reported.

Carlyle has edged out several other private-equity firms and entered into exclusive talks with the Wilmington, N.C.-based drug maker, the article stated.

PPD, which has a market cap of $3.5 billion, provides contract drug development and discovery services for pharmaceutical, biotechnology, medical device, academic and government organizations.
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