inVentiv Health Announces the Consolidation and Strengthening of its Sampling and Regulatory Compliance Offerings
SOMERSET, N.J., April 11, 2007 /PRNewswire-FirstCall/ -- inVentiv Health, Inc. announced today that it has consolidated its sampling and compliance services into a technologically advanced and state-of-the art company named PRS Franklin. PRS Franklin unifies the sampling services of Pharmaceutical Resource Solutions (PRS), The Franklin Group, and inVentiv Commercial Services into a single best-in-class operating company within inVentiv Health.
The Franklin Group, nationally recognized healthcare consulting firm, will continue its work in the design and management of patient services to include patient assistance programs, Medicare-related assistance programs, reimbursement counseling, and other specialty services as currently under The Franklin Group brand.
With the move, PRS Franklin strengthens its leadership position in providing small emerging through large pharmaceutical companies with customized best-in-class sampling and complementary services to meet their business needs. A full range of sampling and regulatory compliance services are available for prescription and controlled substance sample tracking, direct-to-physician sample programs, and PDMA, CSA and state law management, audit, and security programs.
Robert Melillo, JD, will head up PRS Franklin as Vice President and Managing Director. Mr. Melillo is a leading expert on PDMA and other regulatory matters impacting the pharmaceutical industry, and was formerly General Manager of PRS.
Mr. Melillo commented, "Combining our sampling and regulatory compliance services into one group not only strengthens our offering in these areas, but allows us to create more comprehensive programs for clients and assist our customers in a more focused way. We now have a strong unified foundation on which to grow and provide essential sampling services for companies at all stages of development."
In conjunction with this announcement, PRS Franklin has launched its website further detailing the services provided and scope of the group's new capabilities. For more information, please visit www.PRSFranklin.com.
inVentiv Health is the leading provider of commercialization and complementary services to the global pharmaceutical, life sciences and biotechnology industries. inVentiv delivers its customized clinical, sales, marketing and communications solutions through its three core business segments: inVentiv Clinical, inVentiv Communications and inVentiv Commercial. inVentiv Health currently works with over 200 unique pharmaceutical, biotech and life sciences clients, including all top 20 global pharmaceutical companies. For more information, visit www.inventivhealth.com.
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: changes in trends in the pharmaceutical industry or in pharmaceutical outsourcing; our ability to compete successfully with other services in the market; our ability to maintain large client contracts or to enter into new contracts; uncertainties related to future incentive payments; and, our ability to operate successfully in new lines of business. Readers of this press release are referred to documents filed from time to time by inVentiv Health Inc. with the Securities and Exchange Commission for further discussion of these and other factors.
CONTACT: Investors, John Emery, CFO, +1-732-537-4804,; or Media, Felicia Vonella, +1-212-308-7155,, both of inVentiv Health, Inc. investor@inventivhealth.com fvonella@inventivhealth.com
Web site: http://www.PRSFranklin.com/http://www.inventivhealth.com/
Ticker Symbol: (NASDAQ-NMS:VTIV)
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