Pharma Product Development And Applied Bioscience To Merge
- Pharmaceutical Product Development and Applied Bioscience are to merge in a stock transaction valued at $450-$475 million. The announcement has boosted the latter's stock by 27% to $11.56 per share, and caused a drop of $4.50 in the former, to end at $35 per share. They expected to have an annual net revenue of $200 million.
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