Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers P > Headlines for PharmaNet Development Group Inc. > News item |
PharmaNet Development pays down all convertible senior notes due 2024
By Devika Patel
Knoxville, Tenn., Sept. 9 - PharmaNet Development Group Inc. said it has completely paid down its convertible senior notes due 2024.
"The combination of our financial restructuring, business process improvements and solid operating performance has resulted in a healthy backlog of new business and renewed optimism," president and chief executive officer Jeffrey P. McMullen said in a press release.
"With our financial challenges behind us, clients can be assured PharmaNet Development Group is in a strong position for long-term growth."
PharmaNet is a Princeton, N.J., drug-development services company.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.