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PDI Reports 2009 Fourth Quarter and Full Year Financial Results
Date:3/4/2010

on an adjusted basis as a result of credits issued in connection with the mutual termination of the product commercialization contract.

  • GAAP and adjusted basis revenue, net in the Sales Services segment for both the fourth quarter of 2009 and 2008 was $21.0 million. Revenue lost from the internalization of an outsourced sales force by a long-term client and the expiration or termination of other sales force arrangements in effect in 2008 were offset by new contracts and expansion of existing contracts.
  • GAAP and adjusted basis revenue, net in the Marketing Services segment for the fourth quarter of 2009 was $4.7 million compared to $4.4 million for the same period in 2008. Higher revenue in our Pharmakon business unit due to an increase in the number of projects was partially offset by lower revenue in our TVG business unit and a decrease in revenue from the closing of the Vital Issues in Medicine (VIM) business unit in 2009.  

Gross Profit – Adjusted basis gross profit for the fourth quarter of 2009 was $7.8 million compared to $2.1 million for the same period in 2008. On an adjusted basis, the Company's fourth quarter 2008 gross profit was negatively impacted by $3.7 million from
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SOURCE PDI, Inc.
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