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Rhodes Pharmaceuticals Goes Live with iContracts

Raritan, N.J. – October 12, 2010 — iContracts, a leading provider of solutions for managing corporate contracts, commitments, and compliance today announced that Rhodes Pharmaceuticals L.P., a Rhode Island based specialty pharmaceutical company, has gone live on solutions from iContracts to manage commercial contracts and associated processes. iContracts’ entire suite of solutions are based on the company’s Better Contracting Solutions (BCS) platform, available on-demand or behind-the-firewall, and will assist Rhodes Pharmaceuticals to manage these intricate processes in a unified environment with a high degree of automation.

Robert Thebeau, Vice-President of Sales and Marketing with Rhodes Pharmaceuticals, commented “We are excited to have completed the initial phase of our iContracts implementation, which focused primarily on commercial contracting and chargeback processes. It has been a pleasure to work with the iContracts team on this important project and we look forward to working with them as we roll out additional modules and features in the near future.”

iContracts CEO, A. Leigh Powell, remarked, “As iContracts continues its rapid growth, it is critical that we never lose sight of the need to deliver on our promise of better contracting solutions to the pharmaceutical industry. Our recent shared success with Rhodes is yet another step in our continued evolution as a trusted solution provider who consistently meets the needs and expectations of our valued clients.”

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 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 Rhodes
Rhodes Pharmaceuticals L.P. is a specialty pharmaceutical company focused on the niche category. Our vision for success is based on a sustainable business platform supported by a critical mass of products and dosage forms, competitive costs and robust pipeline. For more information about Rhodes Pharmaceuticals L.P. visit www.rhodespharma.com

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

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