An­oth­er big CRO deal has land­ed as Ther­mo Fish­er ac­quires PPD for $17.4B

Con­sol­i­da­tion among big CRO play­ers is con­tin­u­ing to churn.

Fol­low­ing a Wednes­day af­ter­noon re­port from the Wall Street Jour­nal say­ing a deal was close, Ther­mo Fish­er has an­nounced plans to ac­quire PPD for $17.4 bil­lion. WSJ had re­port­ed that the par­ties could wrap up an agree­ment as soon as this week. It’s the sec­ond CRO M&A deal in as many months, fol­low­ing the Icon-PRA Health Sci­ences deal in late Feb­ru­ary.

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