Raritan, N.J. – February 1, 2011 — iContracts, a leading provider of solutions for managing corporate contracts, commitments, and compliance today announced that a leader in domestic marketing and manufacturing of generic pharmaceutical products has selected solutions from iContracts to help establish, manage, and automate government pricing and Medicaid standard operating procedures as well as consolidating and standardizing their Class of Trade Definitions.
Todd Venetianer, Chief Operating Officer of iContracts, commented, “We are pleased to be working on this critical initiative to assist our new client in the establishment of government pricing and Medicaid standard operating procedures, consolidating and standardizing Class of Trade Definitions, and automating these processes with iContracts best in class software solutions delivered as a service over the Web. In light of the myriad requirements mandated by the recent Health Care Reform legislation, Pharmaceutical companies of all sizes are looking for partners with experience to help insure that required procedures and systems are in place to meet these new government requirements. iContracts is uniquely suited to provide solutions that include Policy development, risk management, strategic outsourcing and a comprehensive software suite.”
An Open Initiative – Focused on Helping Pharmaceutical Companies and the Industry.
Any pharmaceutical company, whether it is tackling Government Pricing compliance internally or with the use of outside consultants or legal counsel, is eligible to utilize iContracts’ solutions to address their specific needs. For companies looking for assistance in defining or confirming compliance with existing or new requirements related to the Health Care Reform Bill, iContracts can provide expert assistance, including implementation support and access to Government Pricing expertise. Independent consultants or legal firms seeking tools on behalf of their clients are also invited to take part in iContracts Open HCRB Compliance program.
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 far 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 is backed by highly evolved data architecture – 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 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 Cypress Pharmaceutical, Inc.
Cypress Pharmaceutical, Inc., founded in 1993, is a specialty pharmaceutical company that develops, markets and distributes generic prescription pharmaceutical products to leading national pharmaceutical wholesalers, chain drug stores, distributors, and other retail merchandisers. Cypress currently markets over 150 products, and has an aggressive product development pipeline including new drug applications (NDAs) and abbreviated new drug applications ANDAs) with over 30 products in various stages of development. Additional information about Cypress is available at www.cypressrx.com.
iContracts Media Contact:
Anne Ambrosio
iContracts, Inc.
Tel: 908-393-9550
aambrosio@icontracts.com