PPD and Bend Research Enter into Collaboration to Offer Comprehensive Formulation Development and Analytical Testing Capabilities

October 26, 2010

PPD and Bend Research Enter into Collaboration to Offer Comprehensive Formulation Development and Analytical Testing Capabilities

 WILMINGTON, N.C., and BEND, Ore., (October 26, 2010) – PPD, Inc. (Nasdaq: PPDI) and Bend Research, Inc. today announced they have entered into a collaboration in the areas of formulation development, analytical testing and clinical supplies manufacturing to provide pharmaceutical and biotechnology companies a full range of chemistry, manufacturing and controls (CMC) development services.

As part of the collaboration, the two companies will refer potential business opportunities to one another in the areas of compound characterization, particle engineering, formulation development, clinical trial material (CTM) manufacturing, analytical development, stability programs, and GMP release and quality control testing. A key area of collaboration will be inhalation formulation development and particle engineering for drug therapies. The two companies also plan to collaborate on opportunities that involve services provided by each company and to work together on client bids and projects.

Bend Research’s strong formulation development and particle engineering expertise will strengthen PPD’s ability to provide clients full-service CMC product development solutions. Through the collaboration, Bend Research clients will have access to PPD’s state-of-the-art facilities in Madison, Wis., Wayne, Pa., and Athlone, Ireland.

"We continue to see strong global demand for our analytical laboratory services,” said Magdalena Mejillano, Ph.D., vice president of cGMP lab services for PPD. “The agreement with Bend Research allows us to expand our preformulation and formulation development expertise, enhance our strong CMC laboratory capabilities and provide clients a more complete offering for small and large molecule testing.”

Rod Ray, Ph.D., Bend Research president and CEO, added, “Working with PPD strengthens our position as a leading drug formulation resource for pharmaceutical companies. This collaboration with PPD offers a competitive advantage to biopharmaceutical companies looking for innovative drug delivery technologies.”

PPD is a leading global provider of CMC testing across all phases of drug development with services ranging from early characterization and formulation and method development PPD and Bend Research collaborate on formulation development and analytical testingthrough commercial release and stability. The company offers premier inhalation product analysis from its state-of-the-art cGMP laboratory in Middleton, Wis.; vaccines and biologics testing from Wayne, Pa.; and regulatory services, product licensing and support for marketed products from its facility in Athlone, Ireland.

Bend Research is a leader in drug formulation development and manufacturing technologies and currently works with more than 50 pharmaceutical and biotechnology clients worldwide.

PharmSource estimates that biopharmaceutical companies spend more than $9 billion annually on CMC development with even distribution across process/formulation development, analytical development and testing, and the manufacture of clinical trial materials.

About PPD
PPD is a leading global contract research organization, celebrating 25 years of providing drug discovery, development and lifecycle management services. Our clients and partners include pharmaceutical, biotechnology, medical device, academic and government organizations. With offices in 42 countries and more than 10,500 professionals worldwide, PPD applies innovative technologies, therapeutic expertise and a commitment to quality to help clients and partners accelerate the delivery of safe and effective therapeutics and maximize the returns on their R&D investments. For more information, visit www.ppdi.com.

About Bend Research
For more than 30 years, Bend Research has worked with clients to create value by advancing new medicines and to solve their most difficult scientific and technical problems. This success is based on the company’s ability to develop, advance and commercialize pharmaceutical technologies. The firm’s innovative drug delivery solutions grow from a solid base of scientific and engineering fundamental understanding.

Bend Research provides formulation and dosage form support, assists in process development and optimization, manufactures clinical trial quantities of drug candidates in its cGMP facility and advances promising drug candidates from conception through commercialization.

The company has more than 175 employees based in four state‐of‐the‐art facilities in Bend, Ore. For more information, visit www.bendresearch.com. 

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Except for historical information, all of the statements, expectations and assumptions contained in this news release, including expectations and assumptions about the collaboration between PPD and Bend Research, are forward-looking statements that involve a number of risks and uncertainties. Although PPD attempts to be accurate in making these forward-looking statements, it is possible that future circumstances might differ from the assumptions on which such statements are based. In addition, other important factors which could cause results to differ materially include the following: risks associated with and dependence on collaborative relationships; competition within the outsourcing industry; rapid technological advances that make our products and services less competitive; success in sales growth; loss of or delay in large contracts; high cancellation rates; economic conditions and outsourcing trends in the pharmaceutical, biotechnology, medical device, academic and government industry segments; the ability to attract and retain key personnel; risks associated with acquisitions and investments, such as impairments; and the other risk factors set forth from time to time in the SEC filings for PPD, copies of which are available free of charge upon request from the PPD investor relations department.