Raritan, N.J. – November 2, 2009 — iContracts, a leading provider of solutions for managing corporate contracts, commitments, and compliance, today announced that Rising® Pharmaceuticals, Inc., a pharmaceutical company specializing in branded and multi-source prescription and over-the-counter pharmaceuticals, has selected solutions from iContracts™ to manage chargebacks, rebates, Medicaid, and government pricing compliance. The entire suite of products are based on iContracts’ Better Contracting Solutions (BCS) platform, available on-demand or behind-the-firewall, and will help Rising Pharmaceuticals™ manage their broad portfolio of products in a unified environment with a high degree of automation.
Richard Monica, Controller, with Rising Pharmaceuticals, commented “iContracts was the obvious choice for Rising based on our need for powerful solutions that not only meet our needs today, but scale rapidly and automate processes without the large investment in internal and external resources associated with alternative solutions. We look forward to progressing rapidly through implementation with the assistance of the iContracts professional services group and fully expect to begin realizing substantial benefits quickly.”
“It is a privilege to be working with a leader like Rising Pharmaceuticals to again deliver on our promise of better contracting solutions for the Life Sciences industry”, observed A. Leigh Powell, Chief Executive Officer of iContracts.”. “With yet another big win in the pharmaceutical industry, iContracts remains on pace to exceed its goals for 2009 and to advance closer to our next marker of achievement – to power more Life Sciences companies with solutions than any other provider by the end of calendar year 2010.” Powell concluded, “through our continued focus on the success of our clients and de-mystifying the process of contract management, we are well on our way toward reaching our next big goal.”
iContracts solutions are available as an “on demand” service or as a behind-the-firewall offering and are built on iContracts’ revolutionary BCS platform featuring an advanced data architecture, rich functionality and Simplified Common User Interface (SCUI) enabling users to execute any process after learning just two basic screen formats. This groundbreaking design drastically reduces implementation; training and future upgrade timeframes and costs.
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 more experience in building contract management solutions for the Life Sciences industry than anyone on the planet! 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 Rising Pharmaceuticals
Rising Pharmaceuticals is an industry leader in marketing and distributing innovative branded and multi-source prescription and over-the-counter pharmaceutical products. Our products cross a variety of therapeutic areas and many dosage forms. We have a robust emerging pipeline of pharmaceutical products and are focused on the development of Abbreviated New Drug Application (ANDA) products. Rising Pharmaceuticals is committed to providing our customers with high quality pharmaceuticals. Our products are manufactured in state-of-the-art GMP facilities using quality assurance techniques that meet regulatory standards. Through our close partnerships with our customers throughout the United States, we ensure the safe and effective delivery of our products to the public. Our leading management team of industry experts is dedicated towards continued innovation in drug development, marketing and delivery.
iContracts Media Contact:
Anne Ambrosio
iContracts, Inc.
Tel: 908-393-9550
aambrosio@icontracts.com