PDI (PDII +4.5%) is higher after announcing earlier it signed a two-and-a-half-year,...

|By:, SA News Editor

PDI (PDII +4.5%) is higher after announcing earlier it signed a two-and-a-half-year, fee-for-service agreement with an undisclosed pharmaceutical company to market a treatment for knee pain. The agreement is expected to generate $10M in revenues in FY11 and $55M over the life of the contract.