Press Release 28 Jan 2015

Additional space enables company to enhance support of clients’ clinical trials

WILMINGTON, N.C. (January 28, 2015) – Pharmaceutical Product Development, LLC (PPD) has completed an expansion of its clinical supplies facility in Athlone, Ireland, that will enable the company to double its packaging warehousing capabilities and quadruple its distribution services. Those increases are the result of PPD more than tripling the size of the facility as part of its long-term strategy to expand its global depot network. The facility now features 20,000 square feet of space to support the company’s ability to store, package and label for the clinical trials PPD conducts for its clients.

“The expansion of our clinical supplies facility in Athlone represents an important investment in the continued growth of our global operations,” said Susan Atkinson, Ph.D., senior vice president of global biometrics. “Our ability to expand our support of clinical trials enables us to meet our clients’ growing demand for these services in Europe, the Middle East and Africa. This strategic location makes it operationally and financially efficient to ship supplies to any of those countries, often directly to investigative sites, which can result in faster turnaround at lower cost for our clients, and more efficient and effective operations for PPD.”

“The expansion of our clinical supplies facility in Athlone represents an important investment in the continued growth of our global operations. Our ability to expand our support of clinical trials enables us to meet our clients’ growing demand for these services in Europe, the Middle East and Africa. This strategic location makes it operationally and financially efficient to ship supplies to any of those countries, often directly to investigative sites, which can result in faster turnaround at lower cost for our clients, and more efficient and effective operations for PPD.”

Susan Atkinson, Ph.D., senior vice president of global biometrics

The company’s clinical supplies services and supply chain management are complemented by an experienced qualified person (QP) staff that serves an integral role in the overall supply chain management by facilitating the timely release of supplies. The QP team also offers consulting to help streamline the process and advise on European Union good manufacturing practices (GMP) compliance, particularly related to investigational medicinal products and the auditing of third parties.

The Athlone operation also is able to provide a wide variety of ancillary supplies, such as syringes, IV pumps and other machinery needed by investigative sites. PPD’s clinical supplies operation also offers its clients dedicated project managers who serve as a single point of contact, and a centralized import/export department to support all aspects of the movement of clinical supplies.

The Athlone facility serves as PPD’s European hub for clinical supplies, and is one of five depots PPD maintains around the world—China, Russia, South Africa and Ukraine are the others. At the same time, clinical supplies oversees a network of strategic depots elsewhere across the globe.

“This is another important boost for Athlone and the Midlands,” said Minister for Jobs, Enterprise and Innovation Richard Bruton TD. “PPD’s clinical supplies facility has made a significant contribution to the Athlone area, and today’s announcement that it is expanding its facility is very welcome. Accelerating employment growth in every region of the country is an important part of the Government’s Action Plan for Jobs. I look forward to working closely with PPD as it continues to grow in Athlone.”

This development is supported by the Department of Jobs, Enterprise & Innovation through IDA Ireland.

“PPD’s expansion of its clinical supplies operations in Athlone is warmly welcomed by IDA Ireland and adds to the continued growth of the life sciences cluster in the Midlands,” said Tommy Fanning, head of IDA’s PharmaBio division. “IDA’s clients have committed investments of more than $3 billion in Ireland over the last two years. This is another important investment for a regional location, and IDA looks forward to working with PPD to ensure continued success and development.”

PPD Expands Clinical Supplies Facility in Athlone, Ireland
In total, PPD’s operations in the Athlone Business and Technology Park amount to nearly 50,000 square feet, of which approximately 18,000 square feet is dedicated good manufacturing practices (GMP) laboratory space.

About PPD
PPD is a leading global contract research organization providing drug discovery, development, lifecycle management and laboratory services. Our clients and partners include pharmaceutical, biotechnology, medical device, academic and government organizations. With offices in 46 countries and more than 13,000 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.

PPD Forward-Looking Statement
Except for historical information, all of the statements, expectations and assumptions, including statements, expectations and assumptions about the expansion of its clinical supplies operation in Athlone, Ireland, contained in this news release 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 and could cause actual results to differ materially from the forward-looking statements. Other important factors that could cause future results to differ materially include the following: the ability to attract, integrate, retain and train key personnel; competition in the outsourcing industry; rapid technological advances that make our services or capabilities less competitive; compliance with drug development regulations; changes in the regulation of the drug development process; PPD’s ability to win new business; overall global economic conditions; economic conditions, research and development spending, and outsourcing trends in the pharmaceutical, biotechnology and government-sponsored research sectors; consolidation in the pharmaceutical and biotechnology industries; loss, delay or modification of large contracts; higher-than-expected cancellation rates; the rate of conversion of backlog into revenue; risks associated with and dependence on strategic relationships; actual operating performance; risks associated with acquisitions and investments; and the ability to control SG&A spending. PPD assumes no obligation and expressly disclaims any duty to update these forward-looking statements in the future, except as required by applicable law. These forward-looking statements should not be relied upon as representing PPD’s estimates or views as of any date subsequent to the date hereof.

Contacts
Media:
Sue Ann Pentecost (Ireland)
+1 919 457 2629
sueann.pentecost@ppdi.com
Randy Buckwalter (Global)
+1 919 456 4425
randy.buckwalter@ppdi.com
Investors:
Luke Heagle
+1 910 558 7585
luke.heagle@ppdi.com

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