2007 and $100.8 million during the fourth quarter of 2007, up 15% and
5% respectively from the comparable prior-year periods, including the
wind-down of its Novartis contract in the fourth quarter. The division
finished 2007 with several new sales team wins and expansions including
two contracts with mid-tier pharma clients, an agreement with a leading
biotechnology company, the continued expansion of its two new 'on-
boarding' programs, and new wins and project expansions in various
specialty services for more than 40 clients.
-- inVentiv Patient Outcomes, the Company's newest segment, reported
record total revenues of $100.5 million during 2007 and $31.3 million
during the fourth quarter of 2007, up 62% and 59% respectively from the
comparable prior-year periods. This strong performance included
several new wins in the patient compliance and nurse educator
businesses, as well as the results from AWAC, which was acquired in
July 2007.
-- Strategic Acquisitions: During 2007 inVentiv strengthened its
Communications segment with the addition of Chandler Chicco Agency,
Chamberlain Healthcare Public Relations, Ignite Health and Addison-
Whitney, bolstered its Commercial segment with the addition of
Strategyx, and formed inVentiv Patient Outcomes in conjunction with the
acquisition of AWAC. At the end of the fourth quarter of 2007,
inVentiv also increased its equity stake in its Germany affiliate
Liedler GmbH.
-- Strong Win Momentum: inVentiv added over 125 net new clients and now
serves over 325 unique clients and supports over 850 client brands. In
addition, inVentiv delivered over 130 cross-business unit new pitches
in 2007, and is actively pursuing a new business pipeline of over $400
million.
-- Key Investments
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