Tuesday, August 16, 2011

Pharmaceutical Product Rallies On Renewed Takeover Chatter

Shares of Pharmaceutical Product Development Inc. (NASDAQ: PPDI) rallied more than 3% Tuesday on renewed speculation that the company could be a takeover target. Pharmaceutical Product Development, Inc., a contract research organization, provides drug discovery, development, and lifecycle management services. It operates in two segments, Clinical Development Services and Laboratory Services.

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