ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

DRTE Dendrite International (MM)

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type
Dendrite International (MM) NASDAQ:DRTE NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Dendrite Acquires Assets of OPUS Health, a Leading Supplier of Patient Persistence Technology

05/09/2006 2:31pm

Business Wire


Dendrite (NASDAQ:DRTE)
Historical Stock Chart


From May 2019 to May 2024

Click Here for more Dendrite Charts.
Dendrite International, Inc. (NASDAQ:DRTE) a leading provider of sales and marketing solutions to the pharmaceutical industry, today announced the acquisition of substantially all the assets of OPUS Health LLC, a leading provider of direct-to-patient persistence technologies. The acquisition cements an existing agreement between the two companies that enables Dendrite to provide the industry's most complete end-to-end, multi-channel persistence solution, which links pharmaceutical companies, prescribers, pharmacies and patients. OPUS Health will operate as a division of Dendrite within the Marketing Solutions business. Patient persistence is a far-reaching problem for all key healthcare constituents: patient, provider, payor, pharmaceutical/biotech manufacturer, pharmacy and government. Simply put, when patients don't take their medications properly, it lessens the health benefit for the patient and thereby increases costs for the entire system. Dendrite believes patient persistence programs will be a large market and ultimately evolve into an even larger disease management market. OPUS Health is an early-stage company and pioneer in direct-to-patient technologies. Dendrite adds its breadth of marketing services around OPUS Health technology to deliver complete patient persistence programs and analysis. As partners, Dendrite and OPUS Health have already provided such programs for more than 40 pharmaceutical brands. This strategic acquisition allows Dendrite to reinforce its early lead in the first generation of electronic direct-to-patient programs and position it for leadership in future generations of these technologies. "The acquisition of OPUS Health is consistent with our strategy to be a leader in direct-to-patient persistence solutions," said Carl Cohen, president of Dendrite Marketing Solutions. "Patients respond to the solution because of its ease of use, instant point-of-sale nature, and availability at their local pharmacies. Our customers and other healthcare constituents value the end-to-end nature of our programs, which improve patient health and help lower overall costs." "Dendrite has always been an industry visionary and we are glad to be joining the Dendrite family," said Harvey Brofman, vice president and general manager of the OPUS Health group at Dendrite. "With the acquisition of OPUS Health into its Marketing Solutions group, Dendrite has a more powerful, streamlined solution in the area of patient persistence. We also believe that being part of Dendrite can enhance our product offering to partners and strengthen our relationships with them." About Dendrite Founded in 1986, Dendrite International (NASDAQ: DRTE) enables sales, marketing, clinical and compliance solutions for the global pharmaceutical industry. The Company's clients are located in more than 50 countries and include the world's top 20 pharmaceutical companies. For more information, please visit www.dendrite.com. For more information on OPUS Health, please visit www.opushealth.com. About OPUS Health OPUS Health assets were sold to Dendrite by OCI Ventures, LLC a privately held company whose other Division, OPUS-ISM, LLC is a leading provider of pharmacy management systems and pharmacy workflow technology to retail pharmacies, HMOs and PBMs. Note: Dendrite is a registered trademark of Dendrite International, Inc. This document may contain forward-looking statements that may be identified by such forward-looking terminology as "expect," "believe," "anticipate," "will," "intend," "plan," "target," "outlook," "guidance," and similar statements or variations. Such forward-looking statements are based on our current expectations, estimates, assumptions and projections and involve significant risks and uncertainties, including risks which may result from our dependence on the pharmaceutical industry; our fixed expenses in relation to fluctuating revenues and variations in customers' budget cycles; dependence on certain major customers, including the risk associated with one substantial customer currently assessing its U.S. sales force effectiveness services needs; our ability to successfully implement our Operational Effectiveness program and to achieve the cost savings in the amounts and time periods expected or budgeted; changes in demand for our products and services attributable to any weakness experienced in the economy or mergers, acquisitions and consolidations in the pharmaceutical industry; risks associated with foreign currency fluctuations and our ability to adapt and respond successfully to other unique risks involved in our non-U.S. operations; integrating the entities we acquire; and our ability to effectively manage our growth. Other important factors that should be reviewed and carefully considered are included in the company's 10-K, 10-Qs, and other reports filed with the SEC. Actual results may differ materially. The company assumes no obligation for updating any such forward-looking statements to reflect actual results, changes in assumptions or other changes affecting such forward-looking statements and the information provided in this press release should not be construed as updating, modifying or confirming the company's most recent financial outlook or guidance.

1 Year Dendrite Chart

1 Year Dendrite Chart

1 Month Dendrite Chart

1 Month Dendrite Chart

Your Recent History

Delayed Upgrade Clock