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Pack Pharmaceuticals Selects iContracts for Contract Management

Global Developer and Marketer to Deploy Suite of iContracts Solutions
Raritan, N.J. – Nov 6, 2012 – iContracts, a leading provider of solutions for managing corporate contracts and commitments today announced that Pack Pharmaceuticals, LLC, a global developer and marketer of generic pharmaceutical products, has selected iContracts suite of solutions to manage commercial contracts and reporting. Specific modules licensed include iContracts Core, Rebate Payer, and Reporting & Analytics.

John Johnsen, Chief Financial Officer at Pack Pharmaceuticals, commented, “With Pack positioned to be a leading supplier of generic pharmaceuticals with products in virtually every dosage form over the next few years the need to automate and effectively manage commercial contracts is a top priority. Our evaluation of various options led us to the clear conclusion that iContracts offered not only the best solution, but a superior model for rapid adoption and ongoing support for our growing business. We look forward to working with the iContracts team on this important initiative.”

Leigh Powell, Chief Executive Officer of iContracts noted, “We are pleased to welcome another fast growing, international pharmaceutical company to our family of customers. Pack’s ability to forge strong partnerships among entrepreneurial leaders in product development, manufacturing, distribution and regulatory affairs on a global scale is well known throughout the industry, and iContracts is proud to support these efforts.”

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 page 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 visit www.icontracts.com.

About Pack
PACK Pharmaceuticals, LLC was established in 2005 and is independently owned and operated by three pharmaceutical executives with over 70 years combined experience in pharmaceutical sales, marketing and manufacturing operations. PACK was conceived with the goal to create a reputable pharmaceutical marketing, sales and product development company building on key global partnerships throughout the pharmaceutical supply chain. To learn more about Pack Pharmaceuticals, please visit www.packpharma.com.

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