PPD

Raymond Hill resigned effective yesterday. He came to the wilmington-based pharmaceutical research firm in september. Full story...

It's official. PPD has new owners. Pharmaceutical Product Development, Inc. today announced the completion of its acquisition by affiliates of The Carlyle Group and affiliates of Hellman & Friedman. The all-cash deal is worth about $3.9 billion. Full story...

PPD shareholders have approved the Wilmington-based company's sale to The Carlyle Group and affiliates of Hellman & Friedman. The vote came at a special meeting of shareholders today. Full story...

PPD is a step closer to new ownership after a 30-day "go-shop" period ended last night. The period was a chance for PPD to see if it could find a better offer than the merger agreement it made on October 2 with The Carlyle Group and Hellman & Friedman LLC, according to a PPD news release. Full story...

Around 2,000 participants jumped in the water Saturday morning. Those competing in the full iron distance swam 2.4 miles, biked 112 miles and ran 26.2 miles, a total of 140.6 miles across New Hanover County. Full story...

One of Wilmington's largest employers has been sold. PPD announced today that it has entered into a merger agreement with two private equity firms. Full story...

One of Wilmington's biggest employers has a new leader. PPD announced today its board of directors has Raymond H. Hill as the company's new chief executive officer and elected him to the board of directors. Both moves were effective September 16. Full story...

While rumors persist about drug researcher PPD’s possible takeover by a private equity group, an analyst report this week suggests the company has room to expand as its clients increase their research and development funding. Full story...

Carlyle Group is in exclusive talks to buy Pharmaceutical Product Development Inc. (PPDI), a clinical research company, said five people with knowledge of the discussions. Full story...

According to a statement, following recent stock market developments, PPD's board of directors has asked management to review PPD's strategic plan and capital structure with a focus on unlocking value for shareholders. Full story...

Southeastern North Carolina has two new voices on the University of North Carolina Board of Governors. Full story...

Highlights include: * Net revenue growth of 9% over Q4 2009 * Diluted EPS of $0.40 in Q4 2010 * Cash flow from operations of $241 million in 2010 * Announced $200 million accelerated share repurchase program Full story...

PPD, Inc. announced that David L. Grange plans to retire as chief executive officer of PPD and a member of its board of directors. Grange joined PPD's board in 2003 and served with distinction as an independent director until mid-2009 when he became chief executive officer. Grange's retirement will be effective May 18, 2011, the date of the company's annual shareholder meeting. Full story...

There are many ways to celebrate the Christmas season...lots of them involving food and lights. But what about exercise and self-confidence? Full story...

PPD Executive Chairman Fred Eshelman was inducted into the North Carolina Entrepreneur Hall of Fame. Eshelman attributes much of his success to our area. Full story...