PPD Named Best Contract Research Organization And Honored For Best Technological Development In Clinical Trials By Scrip
Pharmaceutical Product Development, Inc. (Nasdaq: PPDI) today announced
it has been named the best contract research organization by
Intelligence, which also has honored PPD for deploying the best
Pharmaceutical Product Development, Inc. (Nasdaq: PPDI) today announced it has been named the best contract research organization by Scrip Intelligence, which also has honored PPD for deploying the best technological development in clinical trials. Scrip presented both awards to PPD at the seventh annual Scrip Awards ceremony on November 3 in London. PPD was recognized for its expertise and innovation in helping clients develop life-changing medical treatments. The judging panel called PPD “a great organization – open for new approaches, even more for driving new technologies.” “At PPD, we share our clients’ passion for delivering new therapies to help people live healthier lives,” said Raymond Hill, chief executive officer of PPD. “These awards pay testament to the hard work, dedication and inspiration that our employees deliver every day to provide exceptional client service. We are committed to delivering consistent high quality, innovative ideas and forward-focused technologies that help our clients achieve their vision.” Launched in 1985 as a one-person consulting firm, today PPD is one of the world’s leading contract research organizations. PPD has worked with 49 of the top 50 pharmaceutical companies to speed the delivery of life-changing therapies to people in need. Scrip also recognized PPD’s innovative technology solution, created in collaboration with Microsoft Corp., that improves the efficiency of managing Risk Evaluation and Mitigation Strategy (REMS) programs mandated by the U.S. Food and Drug Administration. Designed to improve patient safety, REMS programs help ensure the safe distribution and administration of certain marketed drugs. The PPD REMS solution is a first-of-its-kind technology platform that integrates, manages and tracks all REMS resources, data and information. It is based on the Microsoft Amalga Unified Intelligence System, a data aggregation platform that gives healthcare professionals access to the information they need when they need it, and Microsoft HealthVault, a personal health application platform that lets consumers gather, store and share health information online.
Pharmaceutical Product Development (Nasdaq:PPDI) hit a new 52-week high Monday as it is currently trading at $33.12, above its previous 52-week high of $33.09 with 3.3 million shares traded as of four p.m. ET. Average volume has been 2.9 million shares over the past 30 days.