Profile: inVentiv Health, Inc. (VTIV.O)

VTIV.O on Nasdaq

14.24USD
9 Feb 2010
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inVentiv Health Inc. (inVentiv) is a provider of value-added services to the pharmaceutical, life sciences and healthcare industries. The Company supports a range of clinical development, communications and commercialization activities that are critical to its customers' ability to complete the development of drug products and medical devices and commercialize them. In addition, the Company provides medical cost containment services to payors in its patient outcomes business. inVentiv provides services to over 350 client organizations, including all top 20 global pharmaceutical companies, numerous emerging and specialty biotechnology companies, and payors. The Company’s service offerings reflect the changing needs of its clients as their products move through the late-stage development and regulatory approval processes and into product launch, and then throughout the product lifecycle. It operates in four business segments: inVentiv Clinical, inVentiv Communications, inVentiv Commercial and inVentiv Patient Outcomes. In December 2008, the Company completed the acquisition of Promotech Logistics Solutions LLC (PLS). In August 2008, the Company completed the acquisition of Patient Marketing Group, LLC (PMG). In Janaury 2010, the Company announced that it has acquired ParagonRx, a consulting company specializing in pharmaceutical risk management and medication use.

inVentiv Clinical

inVentiv Clinical provides professional resourcing and services primarily to the pharmaceutical, biotech and device companies. Professional resourcing services include providing clinical research professionals in support of clients’ research efforts, including permanent placement, clinical staffing, and strategic resource teams. In addition, inVentiv Clinical provides its clinical research clients with outsourced functional services in various areas, including clinical operations, medical affairs and biometrics/data management. inVentiv Clinical consists of the Smith Hanley group of companies (which includes Smith Hanley Associates (SHA), Smith Hanley Consulting Group (SHCG) and MedFocus), HHI Clinical & Statistical Research Services (HHI), and Synergos, LLP (Synergos). inVentiv Clinical's service offerings include clinical staffing and recruiting; functional outsourcing, and executive placement.

Through SHCG and MedFocus, the Company meets the staffing and recruiting needs of more than 150 pharmaceutical and biotechnology clients, including 16 of the top 20 global pharmaceutical companies, for SAS programmers, data managers, statisticians, monitors and clinical research associates, study and project managers, clinical trials coordinators, safety/regulatory staff, medical writers, scientific and laboratory staff and other clinical personnel. inVentiv provides a variety of functional outsourcing services, including data management and statistical analysis services through HHI, through its facilities in Indiana and Pennsylvania, and monitoring and project management services through Synergos. The Company provides executive placement services through SHA, which is an executive placement organization focused primarily on statisticians and data-related functions.

The Company competes with Cross Country Healthcare, Inc., ICON, ASG, Advanced Clinical Services, RPS, i3 Pharma Resourcing and Kforce Inc., Korn/Ferry International, Russell Reynolds Associates, Heidrick & Struggles International, Inc. and Quintiles Transnational Corp. (Quintiles) or Covance Inc.

inVentiv Communications

inVentiv Communications provides services related to pharmaceutical advertising, branding, public relations, interactive communications and physician education. This segment includes inVentiv Communications, Inc. (formerly known as inChord Communications, Inc.), Jeffrey Simbrow Associates (JSAI), ignite Health and Incendia Health Studios (collectively, Ignite), Chamberlain Communications Group, Inc. (Chamberlain), Addison Whitney and Chandler Chicco Agency (CCA). Advertising and communications support services are delivered to pharmaceutical industry clients through six separate agencies: GSW Worldwide and Palio are service agencies that create marketing solutions through advertising, public relations, market access strategies, media and market research. Navicor specializes in oncology and immunology expertise. Stonefly conducts advertising, marketing, and public relations services focused primarily on biotechnology and emerging pharmaceutical companies. JSAI is a healthcare marketing and communications agency in Canada. Angela Liedler GmbH (Liedler) is a healthcare marketing and communications agency in Germany.

Public relations services are delivered to pharmaceutical industry clients through two separate agencies: CCA is a service public relations firm that serves the healthcare sector by building and promoting brand value, providing leadership, protecting brand value and furthering public affairs agendas. Chamberlain is also a service public relations firm. Addison Whitney focuses on creating corporate and product brands, and specializes in building branding solutions for clients. Ignite specializes in medical advertising and interactive communications targeting patients, caregivers and healthcare professionals. Cadent Medical Communications, Selva Communications and Center for Biomedical Continuing Education (CBCE) provide education and communications services to build advocacy for pharmaceutical and biotech brands. CBCE is a provider of continuing patient and physician education for physicians.

The Company competes with WPP Group PLC, Omnicom Group Inc., Publicis Groupe S.A. and IPG and Havas.

inVentiv Commercial

inVentiv Commercial provides a range of commercialization support services, organized principally into two subdivisions: inVentiv Selling Solutions, and inVentiv Strategy and Analytics. inVentiv Selling Solutions encompasses group of companies that mainly relate to sales teams and sales support services, including inVentiv pharma teams; recruiting; professional development and training; regulatory compliance services; non-personal promotion; virtual event services, and sales force automation/data analysis. inVentiv Strategy and Analytics encompasses the Company’s consulting offerings focused on strategy, analytics, market research, managed care and commercialization planning, including planning and analytics; strategic consulting; product access and managed market support, and consulting and contract marketing.

The Company competes with IMS Health, TargetRx, ZS Associates and Trinity Pharma Solutions.

inVentiv Patient Outcomes

inVentiv Patient Outcomes provides services related to pharmaceutical compliance programs, patient support programs, clinical educator teams, medical cost containment and consulting solutions, and patient relationship marketing. This segment includes Adheris, Inc. (Adheris), The Franklin Group (Franklin), The Therapeutics Institute, AWAC LLC (AWAC) and Patient Marketing Group, LLC (PMG). Through Adheris, the Company provides a variety of patient support services. inVentiv offers patient assistance programs and reimbursement counseling through its Franklin business unit. The Therapeutics Institute offers qualified clinical and scientific professionals to build advocacy, educate healthcare professionals, and sensitize markets to therapies. AWAC is a provider of information technology (IT)-driven cost containment and medical consulting solutions to third-party administrators, European Regional Information Society Association (ERISA) self-funded plans, fully insured plans, employer groups, managing general underwriters and insurance carriers. The Company designs, develops and implement patient relationship marketing services through its PMG business unit.

The Company competes with Express Scripts, the Lash Group, Innovex (Quintiles Transnational Corp.), Active Health, D2 Hawkeye, MedStat and MEDai.

Company Address

inVentiv Health, Inc.

200 Cottontail Lane
Vantage Court North
Somerset   NJ   08873
P: +1800.4160555

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