Wilmington, Chapel Hill firms in line for multimillion-dollar government contract


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Submitted: Thu, 03/13/2014 - 5:38pm
Updated: Fri, 03/14/2014 - 2:40am By:

RALEIGH, NC (TRIANGLE BUSINESS JOURNAL) — The U.S. Department of Health and Human Services through its National Institute of Allergy and Infectious Diseases division has awarded contracts to five companies across the country to form a clinical studies network — and two of them are in our state — Rho Federal Systems in Chapel Hill and PPD Inc. in Wilmington.

According to DHHS officials, each contract has a minimum guarantee of $400,000 for a period of two years that can be extended for five years. But the contract amount? It will be capped at $100 million.

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