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Financial details were undisclosed.
Excel is one of the largest contract research organisations in China and this acquisition will give PPD additional capacity and expertise in the country. It also significantly increases its employee and client base in the Asia Pacific region.
Excel will operate as a wholly-owned subsidiary of PPD and its more than 300 employees will join the US company.
The transaction, which currently remains subject to various closing conditions, is expected to be completed in the fourth quarter of 2009.
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