Biological Products
PPD Reports First Quarter 2010 Financial Results
Published in Healthcare Mergers, Acquisitions and Ventures Week, May 15th, 2010
PPD recorded net revenue of $346.8 million for the first quarter of 2010, compared to $364.4 million for the first quarter of 2009. First quarter 2010 income from operations was $26.1 million, compared to $66.6 million for the same period in 2009. Income from operations for the first quarter of 2010 was lower than the same period last year due primarily to lower net revenue, operating and integration expenses related to PPD's recent acquisitions, an increase in research and development expenditures and other costs related to the company's compound partnering...
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