PPD Announces Fourth Quarter and Year End 2005 Earnings Release, Webcast and Conference Call

WILMINGTON, N.C., January 17, 2006 — PPD, Inc. (Nasdaq: PPDI) will release its fourth quarter and year-end 2005 financial results on Wednesday, February 8, 2006, after the market closes. The earnings release will be available on the PPD Web site at http://www.ppdi.com, FirstCall and PR Newswire.

On Thursday, February 9, 2006, at 9 a.m. EST, PPD will conduct a live conference call and audio Webcast to discuss financial results and the overall business environment. A Q&A session will follow. The conference call will be available via direct dial number +888 214 0355 and will be broadcast live over the Internet. All interested parties can access the Webcast through the investors section of the PPD Web site at http://www.ppdi.com. The Webcast will be archived shortly after the call for on-demand replay.

PPD is a leading global contract research organization providing discovery and development services, market development expertise and compound partnering programs. Our clients and partners include pharmaceutical, biotechnology, medical device, academic and government organizations. With offices in 28 countries and more than 8,000 professionals worldwide, PPD applies innovative technologies, therapeutic expertise and a commitment to quality to help its clients and partners maximize returns on their R&D investments and accelerate the delivery of safe and effective therapeutics to patients. For more information, visit our Web site at http://www.ppdi.com.