PDI, Inc. Announces New Business Wins Exceeding $18 Million
15 Junho 2009 - 9:57AM
PR Newswire (US)
SADDLE RIVER, N.J., June 15 /PRNewswire-FirstCall/ -- PDI, Inc.
(NASDAQ: PDII), a leading provider of sales and marketing support
to U.S. pharmaceutical companies, announces new business wins with
four leading pharmaceutical and medical device companies. These
four engagements are expected to contribute approximately $9
million in combined revenue in 2009, and three of the contracts are
expected to contribute nearly $10 million in revenue in 2010. The
contracts include several different types of PDI's sales team
offerings in the primary care, specialty and hospital settings.
Sales representatives will be deployed in June for all four
engagements, and they will be calling on office and hospital-based
physicians specializing in women's health, primary care and
pediatrics. "We are pleased to be entrusted with the assets of
these four leading companies," said Nancy Lurker, CEO, PDI, Inc.
"It is especially gratifying to see that two of these customers
have worked with PDI in the past, while the other two are brand new
clients who have selected our company as their preferred partner.
The people of PDI have been working hard to continue providing high
impact and measurable value and quality to both current and new
customers alike." In other developments, PDI recently entered into
a strategic alliance with The Medical Affairs Company, the leading
provider of customized Medical Science Liaison (MSL) and Medical
Affairs services. Under this agreement, the two companies are
aligning their respective services to bring clients a more complete
set of field-based commercialization solutions. About PDI PDI
provides commercialization services for established and emerging
biopharmaceutical companies. The Company is dedicated to maximizing
the return on investment for its clients by providing strategic
flexibility, sales, marketing and commercialization expertise. For
more information, please visit the Company's website at
http://www.pdi-inc.com/. Forward-Looking Statements This press
release contains forward-looking statements regarding future events
and financial performance. These statements are based on current
expectations and assumptions involving judgments about, among other
things, future economic, competitive and market conditions and
future business decisions, all of which are difficult or impossible
to predict accurately and many of which are beyond PDI's control.
These statements also involve known and unknown risks,
uncertainties and other factors that may cause PDI's actual results
to be materially different from those expressed or implied by any
forward-looking statement. Such factors include, but are not
limited to: effects of the current worldwide economic and financial
crisis; changes in outsourcing trends or a reduction in
promotional, marketing and sales expenditures in the
pharmaceutical, biotechnology and life sciences industries; early
termination of a significant services contract or the loss of one
or more significant clients or a material reduction in service
revenues from such clients; the ability to obtain additional funds
in order to implement PDI's business model; the ability to
successfully develop and generate sufficient revenue from any
product commercialization opportunities; the ability to
successfully identify, complete and integrate any future
acquisitions and the effects of any such acquisitions on PDI's
ongoing business; the ability to meet performance goals in
incentive-based and revenue sharing arrangements with clients;
competition in PDI's industry; the ability to attract and retain
qualified sales representatives and other key employees and
management personnel; product liability claims against PDI; changes
in laws and healthcare regulations applicable to PDI's industry or
PDI's, or its clients', failure to comply with such laws and
regulations; the ability to increase revenues and successfully
manage the size of PDI's operations; volatility of PDI's stock
price and fluctuations in its quarterly revenues and earnings;
potential liabilities associated with insurance claims; failure of,
or significant interruption to, the operation of its information
technology and communications systems; the results of any future
impairment testing for goodwill and other intangible assets; and
the risk factors detailed from time to time in PDI's periodic
filings with the Securities and Exchange Commission, Including
without limitation, PDI's Annual Report on Form 10-K for the year
ended December 31, 2008, and PDI's subsequently filed quarterly
reports on Form 10-Q and current reports on Form 8-K. Because of
these and other risks, uncertainties and assumptions, undue
reliance should not be placed on these forward-looking statements.
In addition, these statements speak only as of the date of this
press release and, except as may be required by law, PDI undertakes
no obligation to revise or update publicly any forward-looking
statements for any reason. DATASOURCE: PDI, Inc. CONTACT: Media:
Amy Lombardi, +1-201-574-8663, ; Investors: Kim Sutton Golodetz,
+1-212-838-3777, , or Bruce Voss, +1-310-691-7100, , both of
Lippert/Heilshorn & Associates, Inc. Web Site:
http://www.pdi-inc.com/
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