Raritan, N.J. – January 5, 2012 – iContracts, a leading provider of solutions for managing corporate contracts, commitments, and compliance today announced that Fera Pharmaceuticals, a manufacturer of specialty pharmaceutical products, has selected a web-based solution from iContracts to manage commercial contracts and to help insure compliance with Government Pricing programs including Medicaid state rebates, associated calculations and reporting. Fera also will employ the iContracts Dashboard and Reporting solutions to further extend its ability to analyze and gain insight into its operations.
Cecilia Carfora, Controller at Fera Pharmaceuticals commented, “After a thorough review of available platforms to manage our chargeback, rebate and Government Pricing processes, the iContracts solution was selected because it is easier to use, more automated, flexible, and can be implemented in a fraction of the time of the alternatives. We look forward to working with iContracts’ experienced professionals on this important initiative for Fera.”
Leigh Powell, Chief Executive Officer of iContracts stated, “We are pleased to welcome yet another well respected pharmaceutical company to the iContracts family. Fera Pharmaceuticals’ dedication to providing cost-effective treatment options that meet the needs of patient and healthcare communities resonate well in today’s environment. Our entire team looks forward to working with Fera as they continue to innovate and grow.”
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 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 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 visitwww.icontracts.com
About Fera Pharmaceuticals, LLC
Fera Pharmaceuticals is a privately held company. The company goal is to realize opportunities via acquisitions, in-licensing, developing and marketing abbreviated new drug applications (ANDAs), new drug applications (NDAs) and 505(b)(2)NDA products. For more information, please visit the company’s website at www.ferapharma.com