GIC, Abu Dhabi fund in talks to buy stake in US clinical trials firm

GIC, Abu Dhabi fund in talks to buy stake in US clinical trials firm

The two buyout firms that own Pharmaceutical Product Development LLC (PPD) are in advanced talks to sell some of their stakes in the U.S. clinical trials firm at a price that would value the entire company at more than $9 billion, including debt, people familiar with the matter said.

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