Octagon Research Solutions, Inc. and Virtify, Inc. Announce Strategic Partnership
Wayne, Pa. - May 15, 2006 - CEO & Chairman Jim Walker of Octagon Research Solutions, a pioneer and leader in the electronic transformation of clinical R&D in the life sciences industry, today announced a strategic partnership with Virtify, Inc. of Cambridge, MA, a premium provider of information technology related products and solutions to the Life Sciences market. This new marketing partnership and venture will enable Octagon and Virtify to pair domain expertise with innovative technology solutions for the life sciences industry.
This marketing partnership is based on the concept that technology and domain expertise are codependent forces that are essential to the development of breakthrough improvements in research and development processes. Satish Tadikonda, President of Virtify noted, “Virtify’s product portfolio continues to expand to address the changing needs of the life sciences industry, especially in the clinical, regulatory and commercialization areas. Our partnership with Octagon will enable us to broaden our reach and secure market share in a complex and evolving marketplace.”
Jim Walker, Chairman and CEO of Octagon added, “We are very excited about the new partnership with Virtify. We are already using Virtify’s <virtx:spl/> Global Labeling Solution to facilitate our SPL conversion service, and have developed a strong partnership that extends to global labeling initiatives and the capabilities required to support them. We are looking forward to a very successful partnership with Virtify.”
Joint marketing activities included in the partnership consist of educational programs, webinars and other promotional opportunities currently being developed under the partnership arrangement. These activities are expected to address a continuing need for education and broader understanding of emerging standards such as Regulated Product Submissions and regulations such as the Physicians Labeling Rule.
About Octagon Research Solutions, Inc.
Octagon is a pioneer and leading process-centric solutions provider that offers a suite of regulatory, clinical, process and IT solutions to the life sciences industry. Octagon synchronizes processes and increases automation to reduce island-to-island inefficiencies within the clinical research and development process. We leverage the power of electronic submissions through cross-functional eSub expertise, a holistic process approach, deep domain knowledge and integrated solutions. Octagon is headquartered in Wayne, PA, with offices in Boston, MA, Costa Mesa, CA, and European headquarters in Amersham, UK. For more information please visit www.octagonresearch.com.
About Virtify, Inc.
Virtify is a premium provider of information technology related products and solutions to the Life Sciences market. Virtify’s product portfolio includes products to support the clinical and regulatory activities at Life Sciences companies. Virtify also develops high-quality custom information technology solutions for its clients helping them improve their product and project management processes. These products and solutions help its clients accelerate their decision-making process and greatly reduce time-to-market. Virtify's product portfolio includes the <virtx> Global Labeling Solution and the Virtify Investigator Database, a tool to help companies manage clinical trials efficiently. An example of a solution is an ongoing engagement with a multinational pharmaceutical company where Virtify is developing and implementing a web-based enterprise, 21 CFR Part 11 compliant, electronic-records management system that allows authorized users to track and manage key regulatory information and milestones. Virtify is headquartered in Cambridge, MA and has other international development and product support centers. For additional information about Virtify, please visit http://www.virtify.com .
Contact Information:
Mani Sundaram
Virtify Media Relations
(617) 252 0770 x106
pressrelations@virtify.com
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