Interpace Signs Marketing Pact for Knee Pain Treatment
The agreement is expected to generate approximately $10 million of revenues for PDI in 2011 and $55 million over the life of the contract.
Interpace BioPharma, a new business unit created by contract sales organization PDI as part of its strategy for managing new commercial platforms, has entered into an agreement with a pharmaceutical company to market a treatment for knee pain in the U.S. and its territories.
The agreement is expected to generate approximately $10 million of revenues for PDI in 2011 and $55 million over the life of the contract. The agreement, which runs through December 31, 2013, includes an option for a contract extension.
Under the two-and-a-half-year, fee-for-service agreement, Interpace will provide a dedicated full-time sales team and a fully integrated strategic and operational management team that, together
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