Perceptive Informatics Acquisition

8/23/2005

M&A

$66,300,000

Under the terms of the transaction, Perceptive was valued at approximately $66.3 million, and PAREXEL agreed to pay approximately $4.8 million in cash to the minority stockholders for their shares of Perceptive, as well as for stock options currently outstanding under Perceptive's stock incentive plan, and for other payments. A number of directors of PAREXEL and each of the executive officers of PAREXEL own common stock or hold stock options in Perceptive. In light of these potential conflicts, the terms of the transaction were established and approved by a special independent committee of the Board of Directors of PAREXEL. CIBC World Markets Corp. acted as financial advisor to the special committee.

Acquired or Merged

Biopharmaceutical

200 West Street
Waltham, MA 02451
USA

Not Recorded

Perceptive Informatics Inc. combines comprehensive clinical knowledge and experience with leading-edge technology to provide a portfolio of business support applications and complementary services.