PPD plots 300-person operation at NC Campus

California billionaire David Murdock (photo) scored an economic development coup with today's announcement by PPD that it will set up a 300-person operation in the North Carolina Research Campus in Kannapolis. PPD's Fred Eshelman (photo) says he was won over during a trip to the $1.5 billion complex being promoted by Murdock. PPD is one of the largest contract research organizations, conducting clinical trials for pharma and biotech developers.

"After meeting with Mr. Murdock and visiting the campus, I realized this project is a once-in-a-lifetime opportunity, where industry and academic scientists can freely collaborate to bring innovations in scientific research to market, increasing the length and quality of human life," Eshelman said Wednesday morning in an announcement.

- read the report in the Triangle Business Journal

Related Articles:
PPD inks deal to buy Russian CRO
PPD sells rights to inhibitors for $15M up front
North Carolina steps up biotech funding

Suggested Articles

Janssen’s BCMA-targeting CAR-T therapy eliminated tumors in 69% of patients with advanced multiple myeloma in a small phase 1 study.

In a study, BMS' CAR-T therapy banished tumors in more than half and shrank tumors in nearly three-quarters of relapsed blood cancer patients.

Novartis unveiled more data showing how its asthma combo QMF149 fared against the standard of care: a combination of the same types of drugs.