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PPD Buys Intek for $6.6 Million


Wilmington-based Pharmaceutical Product Development Inc. (PPD) bought Intek Labs Inc., a Cary-based testing laboratory, for 400,000 shares of stock valued at $6.6 million.

Plans call for Intek, which expects to generate less that $300,000 in revenue this year, to expand dramatically under PPD. In addition to moving to larger quarters in the Research Triangle Park, Intek plans to expand from five employees to as many as 40 by the end of next year.

Intek performs pharmacognetic testing for clinical testing for clinical drug trials. PPD is a clinical research organization that plans to enter the pharmacognetics field with Intek.

Medic Computer Systems Acquisition Approved by Shareholders


Medic Computer Systems Inc.

shareholders have approved the $923 million acquisition of Raleigh-based Medic by Misys of London.

Medic is a provider and developer of health care information management systems to integrated delivery networks, management service organizations, managed care organizations, hospitals, physician practices and home health care agencies.

Hold the Date! Conference on Entrepreneurship Set For February 7th!


The 14th annual Conference on Entrepreneurship is set for February 7th, 1998. The conference is sponsored by the Council for Entrepreneurial Development (CED), Duke University's Fuqua School of Business and the Business Leader magazine.

Entrepreneurs of all stages are invited to join us for a full day of learning. Informational sessions will cover all aspect of an entrepreneurial venture, including starting out, growing up and cashing out. CED is now accepting applications. For more information, contact Tawnya Louder-Reynolds at CED.

Catch the Latest on Entrepreneurial Companies in the Research Triangle Region with the December Issue of the Research Triangle Venture Update


Interested in the latest activities of entrepreneurial companies in the area? Take a look at the December issue of the Research Triangle Venture Update.

Published monthly by the Council for Entrepreneurial Development (CED), the Venture Update highlights venture activity, new products and new high-growth companies in North Carolina's Research Triangle area. For more information, contact Carolyn Foy.

Want to know more about venture activity in the Research Triangle region? CED's venture capital investment survey compiles the venture funding activities in the region. Research Triangle companies raised more than $58 million in first and second quarter 1997.

Watch for Upcoming CED Activities!


Keep up on the latest trends affecting your industry and/or entrepreneurial companies through CED's educational sessions of industry-specific roundtables and entrepreneurial monthly programs.

Coming Wednesday, December 10, it's the Software Roundtable: Java/Active X Shootout. Come share in the informal debate between two teams of unofficial advocates for industry giants Sun and Microsoft as they discuss opposing viewpoints of the ongoing controversy.

What's your company's story? Join us on Monday, December 15th for the Biotechnology Roundtable Spinning Your Story: How to Manage Your Firm's Image. An assembled panel of public relations specialists will speak from the PR point of view as well as the company view on why PR is an important part of a successful company's business strategy.

For more information on these programs, visit the CED Web calendar, or contact Bill Spruill.