MT. LAUREL, N.J., Jan. 11 /PRNewswire/ -- ImpactRx(R) announced today that the company has executed a Series E round of financing in the amount of $1.2 million, of which the first tranche of $678,040 was closed on December 23, 2009. ImpactRx is the pioneering force in measuring the impact of pharmaceutical promotion on the prescribing behavior of the nation’s highest value physicians.
ImpactRx also reported that in 2009 the company’s revenues were $28,952,000 which in turn generated free cash flow of $2.2 million prior to any investment activity as compared to free cash of $1.4 million in 2008, representing a 57% increase. In commenting on this achievement, CEO Altus said, “our ability to internally generate incremental cash flow under the very difficult market conditions that existed in 2009 is a real sign of the strength of our business.” “The additional funding, coupled with the internally generated free cash flow, will help us expedite our product development and infrastructure improvement plans as well as upgrade our modeling capabilities,” continued Altus. “We are investing to accelerate our ability to deliver even more value to our clients,” Altus further stated.
About ImpactRx
CONTACT: Marie Fortier, ImpactRx, Inc., +1-856-273-0221 Ext. 138,
mfortier@impactrx.com
