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DAVA Pharmaceuticals Selects iContracts™ to Manage Chargebacks, Rebates, Medicaid and Government Pricing Compliance

iContracts Better Contracting Solutions (BCS) Platform and Associated Modules to Replace I-many™

Three Bridges, N.J. -- August 21, 2007 -- iContracts, a leading provider of solutions for managing corporate commitments, today announced that DAVA Pharmaceuticals, Inc., a leading pharmaceutical manufacturer of both branded and generic medicines, has licensed iContracts's Better Contracting Solutions (BCS) platform and applications, for managing Chargebacks, Rebates, Medicaid and Government Pricing compliance. DAVA Pharmaceuticals's commitment to iContracts's powerful next generation solutions, available on-demand or behind-the-firewall, will help DAVA Pharmaceuticals dramatically simplify processes, improve security and reporting and deliver unprecedented flexibility to easily add new contract management-centric applications and other capabilities as their needs evolve.

"As a company focused on developing and marketing a broad array of pharmaceutical products and aggressively building its product portfolio, it is imperative that DAVA Pharmaceuticals have in place the most flexible, powerful and easy to use contract management and compliance systems possible," said Michael Murphy, Vice President of Information Technology wit DAVA. "After a careful review of other options, including current legacy systems from a different vendor, it was clear to us that iContracts products, vision and people were superior to any other alternative. " Murphey continued, "iContracts's approach to solution delivery, anchored by the iContracts BCS platform, is remarkably straightforward and logical, delivering capabilities unimaginable in other systems without enormous investments in time and financial resources. iContracts offers flexibility and responsiveness for DAVA Pharmaceuticals today and well into the future. We expect immediate improvements in our ability to effectively manage all aspects of our contract and government compliance related processes."

"iContracts is redefining how manufacturers, group purchasing organizations, wholesalers, distributors, hospitals and other supply chain participants interact with their trading partners," said Erik Sieverding, president of iContracts. "Companies in this industry have made it clear that they want a choice of powerful, on-demand and behind-the-firewall solutions that are simply better, faster and profoundly more cost effective than existing or promised alternatives – to use and implement. But perhaps more important is the desire of companies like DAVA Pharmaceuticals to partner with a company that is as easy to work with as its products are easy to use. iContracts is that partner as DAVA Pharmaceuticals's commitment clearly reflects."

Omar Bey, Chief Technology Officer at iContracts added, "DAVA Pharmaceuticals's expansive review of solution providers and technology left little doubt that iContracts was the logical partner for this critical project and business process. We are particularly gratified that ease of use and ability to implement and maintain our solutions were among the primary factors influencing DAVA Pharmaceuticals’s decision."

iContracts Medicaid Payer is available as an “on demand” service or as a behind-the-firewall offering and is built on iContracts's 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 DAVA Pharmaceuticals, Inc.
DAVA Pharmaceuticals, a specialty pharmaceuticals company, is focused on developing and marketing a broad portfolio of pharmaceutical products. DAVA is aggressively building its product portfolio through a combination of acquisitions, strategic alliances, in-licensing transactions, partnerships and development. DAVA’s headquarters is in Fort Lee, New Jersey.

For further information, please visit DAVA’s website located at www.davapharma.com.

About iContracts
iContract’s 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.

This news release contains forward-looking statements, and actual results may vary from those expressed or implied herein. Factors that could affect these results include: the risk of unforeseen technical or practical impediments to planned software development and other risk factors set forth from time to time by the Company.

CONTACT: iContracts, Inc.
Anne Ambrosio, 908-393-9550
aambrosio@icontracts.com

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