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PPD is the clinical research business of Thermo Fisher Scientific, providing contract research organization (CRO) solutions.

Last updated September 11, 2026

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Overview

PPD is described on its official site as the PPD clinical research business of Thermo Fisher Scientific, a leading global provider of contract research organization (CRO) solutions. It began in 1985 as a one-person consulting firm founded by Fred Eshelman, Pharm. D., and states that it has conducted clinical trials in more than 100 countries. Its offerings include therapeutic expertise across more than 20 therapeutic areas, end-to-end solutions, laboratory services, functional partnership service (FSP) solutions, biotech solutions, and drug development digital solutions.

History

PPD began in 1985 as a one-person consulting firm founded by Fred Eshelman, Pharm. D. In 1986 it expanded its scope to include development services, and in 1989 it incorporated in North Carolina. In 1995 it expanded to Europe, the Middle East and Africa with the acquisition of Gabbay Group, a CRO in the U.K. In 1996 it had its initial public stock offering, acquired Applied BioScience International (which includes Pharmaco and several European regional drug development companies), and expanded to Latin America with the acquisition of a Brazil-based CRO. In 1997 it began offering drug discovery services and expanded to the Asia-Pacific region with the opening of an office in Australia. In 2001 it declared a one-for-one stock dividend and expanded to the Asia-Pacific region with the opening of an office in Australia. In 2002 it acquired Medical Research Laboratories International, adding central lab services in North America, Europe, the Middle East and Africa, and acquired ProPharma, an Asian-based CRO, which significantly expanded PPD's footprint in Asia-Pacific. The PPD clinical research business of Thermo Fisher Scientific has conducted clinical trials in more than 100 countries.

Products and positioning

A leading provider of global clinical research solutions and CRO solutions.

Recent events

  • Reported

    Medable announces $78 million in funding[5]

    Medable announced $78 million in new funding, led by Sapphire Ventures, with participation from Obvious Ventures and follow-on investment from existing investors.

  • Unconfirmed

    PPD and Lupus Therapeutics collaborate on lupus clinical research[6]

    PPD and Lupus Therapeutics are collaborating on lupus clinical research. The collaboration is intended to expand and enhance research for PPD’s pharmaceutical and biotech customers, and the article describes access to Lupus Clinical Investigators Network research sites and investigators.

  • Unconfirmed

    PPD begins trading on Nasdaq[7]

    PPD began trading on the Nasdaq Global Select Market under the symbol PPD, returning to public-company status. Its shares opened at $31 per share.

  • Reported

    Bitty & Beau’s Coffee opens location at PPD[8]

    PPD and Bitty & Beau’s Coffee partnered to establish a Bitty & Beau’s location within PPD, with the stated aim of providing more opportunities for workers with disabilities and promoting inclusion.

  • PPD files for IPO[9]

    PPD filed with the SEC for an initial public offering to raise up to $100 million.

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