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inVentiv Health Reports Record Financial Results for Fourth Quarter and Full Year 2007
Date:2/28/2008

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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SOURCE inVentiv Health, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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