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ReSearch Pharmaceutical Services to be Acquired by Warburg Pincus
Date:12/28/2010

wn the company based on a pioneering vision and strategy.  The company's unique integrated outsourcing model has attracted many of the world's leading pharmaceutical and biotechnology companies as customers, by delivering cost savings and enhanced flexibility while allowing customers to maintain control of their clinical trials."

RPS intends to continue advancing its current strategy under the leadership of its existing management team.  In addition, the company, together with its new financial partner Warburg Pincus, will look for opportunities to accelerate its growth through the development of enhanced service offerings and expanded international capabilities.

Jefferies & Company Inc. is acting as exclusive financial advisor and Drinker Biddle & Reath LLP is acting as legal advisor to RPS.

Kirkland & Ellis LLP is acting as legal advisor to Warburg Pincus.

The transaction is subject to various closing conditions, including the filing with the Securities and Exchange Commission (SEC) of an Information Statement on Schedule 14C and the distribution of the Information Statement to all of RPS's stockholders.  Please refer to RPS's Current Report on Form 8-K to be filed with the SEC for information about the transaction.

About RPS

Founded in 1998 by Daniel M. Perlman, RPS implemented its business plan to build the industry's first embedded clinical solution model.  This innovative new business model was created specifically to address the anticipated challenges facing the biopharmaceutical industry, including the need to contain costs, improve quality and accelerate the drug development process.  The RPS plan was dedicated to achieving the goal of providing the biopharmaceutical industry with an alternative to traditional CRO outsourcing models by offering customized, integrated solutions that addressed these fundamental industry challenges.  Our unique ability to leverage
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SOURCE ReSearch Pharmaceutical Services, Inc.
Copyright©2010 PR Newswire.
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