Singapore GIC, ADIA to acquire minority stake in pharma player PPD

Singapore GIC, ADIA to acquire minority stake in pharma player PPD

biopharmaceuticals. Credit: Flickr/Laurence Livermore

Singapore sovereign wealth fund GIC and Abu Dhabi Investment Authority will acquire minority stake in contract research firm Pharmaceutical Product Development, LLC (PPD), which is being recapitalised by its existing owners Hellman & Friedman and The Carlyle Group.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter