Thermo Fisher Scientific ready to acquires PPD in U.S.D 17.4 billion

Thermo Fisher Scientific is an American company which deals in scientific instrumentation, reagents and consumables, and software and services to healthcare. It provides chemicals and reagents to laboratories in academia, government, and industry (including in the biotechnology and pharmaceutical sectors). Thermo Fisher came into picture due to the merger between Thermo Electron and Fisher Scientific in 2006.Thermo Fisher Scientific had announced its plan to acquire PPD,a North Carolina based pharmaceutical testing company.

PPD offers clinical development and laboratory services in nearly 50 countries. Thermo Fisher said that this acquisition would help them to become a global leader in the clinical research industry .This acquisition will enable Thermo Fisher in providing important clinical research services to the customers and now they can move a scientific data to an approved medicine quickly and cost effectively. 

“Thermo Fisher is a world-class company with a very similar culture and values and will provide a great foundation for our colleagues to continue to deliver for our customers and to develop their own skills and careers,” stated David Simmons, PPD’s chairman and CEO. This is a very important an excitement announcement for the shareholders. And it will provide Thermo Fisher a better and meaningful opportunity to bring new innovations in the market faster and cost efficiently.