Pharmaceutical Institute Integrates Preceptiv Learning Solutions
RALEIGH, N.C. (January 11, 2012) – Pharmaceutical Institute, a subsidiary of Campbell Alliance, the Consulting business segment of inVentiv Health, Inc., today announced the completion of its integration of Preceptiv Learning Solutions into its operations. Pharmaceutical Institute is a leading provider of specialized training solutions for the pharmaceutical and biotech industry. Preceptiv Learning Solutions, also part of inVentiv Health, is a full-service training development company focused in the pharmaceutical and biotech space.
“The integration of two key providers of pharmaceutical and biotech training within the inVentiv family will allow us to provide our clients with a broader range of service offerings through a single point of contact,” said Garry O’Grady, General Manager, Pharmaceutical Institute.
With this integration, the Preceptiv Learning Solutions brand will cease to exist. The company’s services, capabilities, and resources—including selling skills training and assessment—will be combined with Pharmaceutical Institute to bolster its existing training offerings.
Pharmaceutical Institute offers high-impact live training, distance learning, and assessments, as well as an industry-leading library of off-the-shelf e-courses for professionals within all major pharmaceutical company functions, including brand management, business development, clinical development, managed markets, medical affairs, sales, and trade and distribution.
Joining Pharmaceutical Institute on January 1 was former Preceptiv Executive Director Mani Chidambaram. An industry veteran, Mr. Chidambaram has served on the Board of Directors for the Society of Pharmaceutical and Biotech Trainers and brings more than 20 years of experience in pharmaceutical and biotech training.
“We are pleased to welcome Mani Chidambaram as a senior member of the Pharmaceutical Institute team. His experience leading clients through complex training initiatives will be an asset to our clients and a solid addition to our team of specialized training experts,” commented O’Grady.
About Pharmaceutical Institute
Pharmaceutical Institute is a leading provider of specialized training programs for the pharmaceutical and biotech industry. It partners with subject matter experts from its parent company, Campbell Alliance, to develop high-impact live and distance learning solutions for professionals within all major pharmaceutical company functions, including brand management, business development, clinical development, managed markets, medical affairs, sales, and trade and distribution. Pharmaceutical Institute is based in Raleigh, N.C. For more information, please visit http://www.pharmainstitute.com.
About Campbell Alliance
Campbell Alliance is the Consulting business segment of inVentiv Health, a leading global provider of best-in-class clinical, commercial, and consulting services to companies seeking to accelerate performance. Campbell Alliance is the leading management consulting firm specializing in the pharmaceutical and biotechnology industry. The firm's clients include all of the world's top-20 pharmaceutical companies, as well as numerous emerging and midsize firms. Campbell Alliance is organized into practice areas, each specializing in a critical industry function: Brand Management, Business Development, Clinical Development, Commercial Effectiveness, Pricing and Market Access, and Medical Affairs. From its locations in Raleigh, NC, Parsippany, NJ, Los Angeles, San Francisco, Chicago, Boston, Philadelphia, New York City, Atlanta, and Zug, Switzerland, the firm serves clients throughout North America, Europe, and Japan. For more information on Campbell Alliance, please visit http://www.campbellalliance.com.
About inVentiv Health
inVentiv Health, Inc. is a leading global provider of best-in-class clinical, commercial and consulting services to companies seeking to accelerate performance. inVentiv’s client roster includes more than 550 pharmaceutical, biotech and life sciences companies. With 13,000 employees in 40 countries, inVentiv rapidly transforms promising ideas into commercial reality. inVentiv Health Inc. is privately owned by inVentiv Group Holdings Inc., an organization sponsored by affiliates of Thomas H. Lee Partners, L.P., Liberty Lane Partners and members of the inVentiv management team. For more information, visit http://www.inventivhealth.com.
For Campbell Alliance and Pharmaceutical Institute:
919-844-7100 ext. 7195
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks that may cause inVentiv Health's performance to differ materially. Such risks include, without limitation: the impact of our substantial level of indebtedness on our ability to generate sufficient cash to fulfill our obligations under our existing debt instruments or our ability to incur additional indebtedness; the impact of the consummation of any announced acquisitions, and any additional leverage we may incur in connection with the financing thereof, on the ratings of our debt securities; our ability to sufficiently increase our revenues and maintain or decrease expenses and cash capital expenditures to permit us to fund our operations; our ability to continue to comply with the covenants and terms of our credit facility and to access sufficient capital to fund our operations; the impact of any default by any of our credit providers or swap counterparties; our ability to accurately forecast costs to be incurred in providing services under fixed price contracts; our ability accurately forecast insurance claims within our self-insured programs; the potential impact of pricing pressures on pharmaceutical manufacturers from future healthcare reform initiatives or from changes in the reimbursement policies of third-party payers; our ability to grow our existing client relationships, obtain new clients and cross-sell our services; the potential impact of financial, economic, political and other risks, including interest rate and exchange rate risks, related to conducting business internationally; our ability to successfully operate new lines of business; our ability to manage our infrastructure and resources to support our growth; our ability to successfully identify new businesses to acquire, conclude acquisition negotiations and integrate the acquired businesses, including the acquisitions of i3 Global and PharmaNet Development Group, Inc., into our operations; any disruptions, impairments, or malfunctions affecting software as well as excessive costs or delays that may adversely impact our continued investment in and development of software; the potential impact of government regulation on us and on our client base; our ability to comply with all applicable laws as well as our ability to successfully implement from a timing and cost perspective any changes in applicable laws; our ability to recruit, motivate and retain qualified personnel, including sales representatives; the possibility that client agreements will be terminated or not renewed; consolidation in the pharmaceutical industry; changes in trends in the healthcare and pharmaceutical industries or in pharmaceutical outsourcing, including initiatives by our clients to perform services we offer internally; the potential liability associated with bringing new drugs to market, including potential liability from injury to clinical trial participants; and the actual impact of the adoption of certain accounting standards; our ability to maintain technological advantages in a variety of functional areas, including sales force automation, electronic claims surveillance and patient compliance. Readers of this press release are referred to documents which may be filed from time to time by inVentiv Health Inc. with the Securities and Exchange Commission for further discussion of these and other factors.