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DAVA Pharmaceuticals Goes Live on iContracts™ Better Contracting Solutions Platform

Implementation Completed in Less than 60 Days

Three Bridges, N.J. - December 05, 2007 -- iContracts™, a leading provider of solutions for managing contracts, commitments, and government compliance, today announced that DAVA Pharmaceuticals, Inc., a leading pharmaceutical manufacturer of both branded and generic medicines, has successfully completed the implementation of iContracts's Better Contracting Solutions (BCS) platform and applications in less than 60 days. iContracts's powerful next generation solutions, available on-demand or behind-the-firewall, will help DAVA 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.

"Our ability to complete the implementation of iContracts’ powerful solutions in such a short period of time is a direct result of exceptional product design, superior support services, and a great effort from our own staff”, commented Michael Murphy, Vice President of Information Technology with DAVA. “The difference between iContracts and solutions from other providers is like night and day. There is no question in my mind that iContracts is the right solution for any pharmaceutical manufacturer who wants a solution that is easy to use, quick to implement, incredibly affordable, and powerful enough to meet high volume demands. We are thrilled with our decision to partner with iContracts.”

"We are deeply gratified that DAVA and many other companies are quickly benefiting from a solution that is not only fundamentally different than legacy products from a bygone era, but is also rapidly changing attitudes in the pharmaceutical industry about how a complex business process can be automated, streamlined and harnessed in ways never imagined”, said Erik Sieverding, president of iContracts. Mr. Sieverding concluded, "DAVAs success with iContracts is truly remarkable and gratifying. The envelope of time required to go live was less than 60 days including historical data conversion, testing, and user training – far less than what DAVA imagined was possible when they first evaluated alternatives and ultimately engaged iContracts. We are proud to play a small part in the success of great companies like DAVA”

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, Task Automation Logic (TAL), 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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