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.