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DAVA Pharmaceuticals Expands Commitment to iContracts Better Contracting Solutions Platform and Solutions

Leading Provider of Branded and Generic Pharmaceuticals Adds iContracts Medicaid, Government Pricing, and Analytics Modules.

Raritan, N.J. - March 9, 2010 -- iContracts, a leading provider of solutions for managing corporate contracts, commitments, and compliance today announced that DAVA Pharmaceuticals, Inc., a Pharmaceutical Company specializing in high quality branded and generic pharmaceuticals backed with superior value and service, has greatly expanded its footprint of solutions from iContracts™, adding modules for managing Medicaid and Government Pricing, as well as iContracts Reporting and Analytics. With the addition of these modules, DAVA, who had previously implemented iContracts Chargeback Payer and Rebate Payer, has committed to the entire iContracts Pharmaceutical Pricing and Compliance suite to help DAVA manage these complex processes in a unified environment.

Rick Pallokat, Senior Vice President, with DAVA Pharmaceuticals, commented “iContracts fully integrated suite of solutions, leading technology platform, powerful process automation, track record of rapid successful implementations, and far lower cost of use, made it the obvious choice for DAVA. We are thrilled to be expanding our commitment to iContracts and look forward to another highly successful deployment as we prepare our company for further growth.”

"While we are delighted by our recent rapid expansion and the accompanying addition of many new clients, it is equally gratifying when existing clients expand their relationship with us through the addition of new capabilities, extension of commitment duration, or in the case of DAVA – both. We are excited to be partnering with a leader like DAVA Pharmaceuticals to deliver on our promise of better contracting solutions for the pharmaceutical industry”, observed A. Leigh Powell, Chief Executive Officer of iContracts."

iContracts solutions are available as an “on demand” service or as a behind-the-firewall offering and are built on iContracts' revolutionary Better Contracting Solutions (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 timeframes and costs for implementation, training, and future upgrades.

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 DAVA Pharmaceuticals
DAVA Pharmaceuticals, Inc. has quickly established itself as a pharmaceutical company committed to meeting the needs of its customers and providing the highest quality prescription products to the healthcare market. DAVA has been rapidly assembling a valuable, strategically focused product portfolio by utilizing its global strategic alliances and product development expertise. Through its extensive industry experience and contacts, DAVA's management team has solidified its strong historic strategic relationships with the industry's leading API suppliers, branded pharmaceutical companies, generic pharmaceutical producers, and most significantly, the industry's most important customers to execute its product launch strategy and reduce the time required to bring products to market. DAVA is positioning itself to become the healthcare market's pharmaceutical provider of choice for high quality, reliable, cost effective pharmaceuticals. With a sound financial foundation, we confidently embrace the future of the multisource pharmaceutical industry and the opportunities it presents.

iContracts Media Contact:
Anne Ambrosio
iContracts, Inc.
Tel: 908-393-9550
aambrosio@icontracts.com

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