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PPD

Triathletes race from the beach to the Battleship

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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...
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PPD sold to equity firms for $3.9 billion

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video 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...
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PPD names new CEO

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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...
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PPD's outlook is strong, analyst says

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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...
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FIRST ON 3: Carlyle Group in exclusive talks to buy PPD

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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...
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Report: PPD for sale; Eshelman comments

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video 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...
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Senate taps Eshelman, Harrelson for UNC Board of Governors

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Southeastern North Carolina has two new voices on the University of North Carolina Board of Governors. Full story...
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PPD reports 2010 financial results; Net revenue almost $1.5 billion

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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...
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PPD's CEO is retiring

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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...
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Girls on the Run for self-confidence

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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...
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Eshelman joins NC Entrepreneur Hall of Fame

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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...
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PPD reports second quarter 2010 financial results

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PPD recorded net revenue of $369.9 million for the second quarter of 2010, compared to $354.6 million for the second quarter of 2009. Full story...
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FIRST ON 3: PPD building damaged after water leak

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A major water pipe into the PPD Headquarters building burst Sunday night, flooding the first floor and damaging the second. Full story...
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PPD rings bell on 25th anniversary

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Today marked a big milestone for PPD. This morning the Wilmington-based pharmaceutical research company celebrated 25 years by ringing the Nasdaq stock market opening bell. Full story...
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PPD sponsors Beach2Battleship Iron Distance Triathlon

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PPD, Inc. announced today it will serve as title sponsor of the third annual Beach2Battleship Iron Distance Triathlon, an internationally recognized competition to be held in Wrightsville Beach and Wilmington, N.C., on November 13, 2010. The event has been renamed the PPD Beach2Battleship Triathlon. Full story...
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