News: Quintiles Transnational Holdings Inc (Q.N)

Q.N on New York Stock Exchange

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1 Aug 2013
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Thu, Aug 1 2013

Quintiles sees strong profit as drug development picks up

- Quintiles Transnational Holdings, the world's largest medical contract research provider, forecast full-year profit above market expectations as drugmakers looking to launch new products choose to outsource clinical development as a way to cut costs.

UPDATE 1-Quintiles profit rises as drug developers outsource research

* Sees 2013 service revenue $3.76 bln-$3.81 bln vs est $3.81 bln

KKR funds to buy clinical trial firm PRA International

June 24 - Funds managed by KKR & Co LP will buy clinical research group PRA International from Genstar Capital LLC for an undisclosed amount, PRA said on Monday, underscoring growing private equity interest in the contract research industry.

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