Raritan, N.J. — April 28, 2011 — iContracts, a leading provider of solutions for managing corporate contracts, commitments, and compliance today announced that Vertical Pharmaceuticals, Inc., a pharmaceutical company that supplies branded niche prescription pharmaceutical preparations, along with their generic arm Trigen Laboratories Inc., has selected solutions from iContracts to manage commercial contracts including chargeback and rebate validation/processing, and to help insure compliance with Government Pricing programs including Medicaid, Medicare, state programs and associated calculations and reporting. Both Vertical Pharmaceuticals and Trigen Laboratories will deploy iContracts Dashboard and Reporting solutions for analyzing contract performance and will take advantage of iContracts solutions as a software service over the web, thus eliminating the need for a significant investment in facilities, hardware, software, or related costs at start-up or on an ongoing basis.
Doug Subers, Chief Financial Officer of Vertical Pharmaceuticals, commented “Our primary objective was to identify a flexible, easy-to-use solution that would support our business today, while simultaneously providing a scalable architecture to support our aggressive plans for growth. After evaluating various alternatives, it became obvious that the iContracts product suite was clearly superior and their impressive track record of rapid, successful implementations unmatched. We look forward to working with iContracts experienced team as we begin implementation of this critical project.”
Leigh Powell, iContracts Chief Executive Officer, stated “We are excited to work together with a company so focused on delivering high quality, safe, affordable medications. The need for this combination of attributes is essential in today’s environment and mirrors iContracts’ commitment to deliver market leading solution to its burgeoning roster of valued clients.”
About iContracts
iContracts’ goal is simple – to deliver better solutions for managing contracts that are faster, easier and less expensive to implement. This mantra is reflected in everything we do. Our software is generations ahead of other solutions, powered by a Simplified Common User Interface (SCUI) that makes every user an “expert” by learning just two simple, reusable views and backed by the most highly evolved data architecture in the industry – built by technologists with considerable and unique experience in building contract management solutions for the Life Sciences industry. This deep understanding and straightforward approach shows in everything we do. iContracts comprehensive suite of solutions manages all aspects of a Life Science company’s chargeback, rebate and Medicaid processes as well as other incentive agreements and Government Pricing compliance at all levels. Our solutions are enterprise-class and can be quickly and easily integrated with any off-the-shelf or custom system to meet exacting business requirements without the army of consultants and endless fees associated with other products and providers. For more information, please visit www.icontracts.com
About Vertical Pharmaceuticals, Inc
Vertical Pharmaceuticals, Inc was founded in 2003 with a clear focus in mind. The Company strives itself on developing, marketing and acquiring products with therapeutic options for patients and caregivers. Vertical Pharmaceuticals, Inc is a privately owned pharmaceutical company that supplies niche prescription pharmaceutical preparations. The Company specializes in Women’s Health, Primary Care and Pediatrics. With prescription drug costs rising, Vertical Pharmaceuticals, Inc supplies effective and safe medications that are affordable. We value our patient and physician feedback to bring a bet
iContracts Media Contact:
Anne Ambrosio
iContracts, Inc.
Tel: 908-393-9550
aambrosio@icontracts.com