CAMBRIDGE, MA--(Marketwire - November 13, 2009) - Virtify, Inc., the market leader in enterprise content compliance software solutions for life sciences companies, will be a featured participant at the upcoming ACG Boston Fall Conference and Private Company Showcase on Tuesday, November 17th. The conference highlights healthcare investment and technology trends and spotlights local high growth healthcare IT companies that are transforming the healthcare industry by helping to reduce healthcare expenditures, improve clinical outcomes, and increase access to quality care.
The Association for Corporate Growth (ACG) is an individual- and company-based organization focused on mergers and acquisitions and corporate growth. ACG Boston members include corporate executives, private equity and venture capital investors, investment bankers, and service professionals.
Virtify CEO and founder, Dr. Satish Tadikonda, will speak at the event and discuss how Virtify’s solutions are helping life sciences companies accelerate the approval and availability of important new drug discoveries and ensure patient safety while reducing operational expenses. Other presenters at the event include senior executives from Cambridgesoft, Healthfusion, NaviNet and Picis.
The cost of bringing a new drug to market today ranges from $800 million to $1.2 billion and it’s estimated that roughly 26% of that cost comes from the content requirements associated with regulatory compliance according to industry analyst IDC. Many companies find themselves ill-equipped to cope with an increasingly complex regulatory environment because of fragmented, paper-based-processes that make timely postings and filings nearly impossible. The impact of non-compliance is significant, and includes costly product delays, regulatory fines, and lost market opportunities. As a result, life science companies are increasingly looking towards technologies like Virtify’s that can help them automate their regulatory submission processes and ensure compliance with the many different global standards and regulatory mandates.
The ACG Conference runs from 12:30 PM to 4:30 PM on Tuesday November 17th at the Seaport World Trade Center in downtown Boston. Presentations will begin promptly at 1:00 PM. There is a networking reception immediately following the conference program. More information and pre-registration is available at ACG Boston Fall Conference 2009.
About Virtify
Virtify is the market leader in Enterprise Content Compliance software solutions for life sciences. Organizations rely on Virtify solutions to reduce time-to-market, risk, and costs by managing and automating the complex regulatory compliance and content exchange requirements throughout the product life cycle. Virtify’s easy-to-use Virtx software suite is the industry’s only solution to provide a secure, collaborative web-based environment for managing regulated content throughout the entire continuum -- from pre-clinical through product registration to commercialization. The company plays a leadership role in the development of global regulatory standards and is an active participant in a variety of standards committees. Virtify’s software products combined with comprehensive professional services and deep domain expertise enhance quality and compliance for some of the world’s leading life sciences companies. Located on the Web at www.virtify.com.
Contact:
Christina Guilbert Klaubert
InkHouse (for Virtify)
781-916-9090
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