PPD (Pharmaceutical Product Development)
PE-OwnedCarlyle Group and Hellman & Friedman acquired PPD, a global contract research organization, for $3.9B in 2011. PPD was acquired by Thermo Fisher Scientific for $21B in 2021. CROs like PPD have faced criticism for prioritizing speed over rigor in clinical trials.
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Ownership Information
PPD (Pharmaceutical Product Development) is owned by The Carlyle Group. Private equity ownership often leads to cost-cutting, price increases, and reduced quality of service as firms prioritize returns for investors over customers and employees.Learn more about PE ownership impact →
Timeline
1985
PPD (Pharmaceutical Product Development) founded
2011
Acquired by The Carlyle Group for $3.9B
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