29 Jun. 2010
WILMINGTON, N.C. (June 29, 2010) - PPD, Inc. (Nasdaq: PPDI) today announced it will ring the Nasdaq Stock Market Opening Bell on July 1 at 9:30 a.m. ET to commemorate PPD's history as one of the world's leading contract research organizations.
"For the past 25 years, we have built a solid foundation based on delivering scientific expertise, quality service and innovative technologies to help our clients deliver safe, effective medicines to patients," said Fred Eshelman, executive chairman of PPD. "We take great pride in what we have achieved for our clients and shareholders and will continue to adapt to the changing drug discovery and development landscape as we plan for PPD's long-term growth and success."
The ceremony will highlight the company's accomplishments in growing from a one-person consulting firm to one of the world's largest contract research organizations. Today, PPD has more than 10,500 employees with offices in 41 countries.
"We have a strong history and legacy of assisting clients in achieving their research and development goals," said David Grange, chief executive officer of PPD. "Our employees across the globe bring passion and dedication to advancing drug development."
PPD completed its initial public offering and began trading on the Nasdaq National Market System in 1996. The company was included in the Nasdaq Global Select Market in 2006.
The event will be shown on Nasdaq's MarketSite tower in New York City's Times Square.