Interpublic in Sale of Target Research

October 4, 2005

Cleary Gottlieb represented The Interpublic Group of Companies Inc. in the sale of its subsidiary Target Research Associates, Inc. to Jubilant Organosys, Ltd. The transaction is valued at $33.5 million.

Target Research conducts clinical drug trials and is a preferred service provider for leading global pharmaceutical players. Interpublic, a long-time Cleary client, is one of the world's largest advertising and marketing services entities. Jubilant is an integrated pharmaceuticals company based in India.