Here are some snippets from a recent news story about PPD, a global contract research organization or CRO:
RICHMOND, Va., Dec. 10 -- Gov. Bob McDonnell, R-Va., issued the following news release:
Governor Bob McDonnell announced today that PPD, Inc. (Nasdaq: PPDI), a leading global contract research organization providing drug discovery, development, and lifecycle management services, plans to invest $28 million to expand its Lab Services Division in Henrico County over the next three years. The operation provides research and development services and clinical trial services for drug development. The project is expected to create 190 new jobs over the next three years.
"PPD is a rapidly growing company that provides the invaluable service of drug research and development," said Governor McDonnell. "This major expansion will continue to position PPD as a strong player in the life sciences industry, a target industry for Henrico County, the Greater Richmond region and the Commonwealth of Virginia. Not only will the company create 190 new jobs, the average salary for those jobs will be higher than the prevailing average wage for the region. I look forward to PPD’s continued success in Virginia."
PPD is a leading global contract research organization, celebrating 25 years of providing drug discovery, development and lifecycle management services. Its clients and partners include pharmaceutical, biotechnology, medical device, academic and government organizations. With offices in 42 countries and more than 10,500 professionals worldwide, PPD applies innovative technologies, therapeutic expertise and a commitment to quality to help clients and partners accelerate the delivery of safe and effective therapeutics and maximize the returns on their R&D investments.