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Cozint Interactive and NDC Health Announce Launch of inFACT Healthcare Market Research Tool.


Business/Technology/Health Editors

ANDOVER, Mass.--(BUSINESS WIRE)--Feb. 22, 2001

First research tool that combines prescriber pre·scribe  
v. pre·scribed, pre·scrib·ing, pre·scribes

v.tr.
1. To set down as a rule or guide; enjoin. See Synonyms at dictate.

2. To order the use of (a medicine or other treatment).
 behavior data and

Web-based survey technology to determine the "what" and "why" of

physician level prescribing

Cozint Interactive, Inc., a leading e-health marketing services company, and National Data Corporation (NDC NDC National Drug Code
NDC NATO Defense College
NDC National Documentation Centre (National Hellenic Research Foundation, Athens, Greece)
NDC National Dairy Council
NDC National Democratic Congress
), a provider of health information services See Information Systems.  and electronic commerce solutions, announce the introduction of inFACT, the first real time information tool for the healthcare industry that combines weekly / daily prescriber data with up-to-the-minute primary market research insight and analysis.

inFACT, an acronym acronym: see abbreviation.


A word typically made up of the first letters of two or more words; for example, BASIC stands for "Beginners All purpose Symbolic Instruction Code.
 for integrated Fast Analytical analytical, analytic

pertaining to or emanating from analysis.


analytical control
control of confounding by analysis of the results of a trial or test.
 Continuous Tracking, offers a new level of market information to pharmaceutical marketers, researchers, and other healthcare decision-makers. inFACT provides comprehensive information on prescriber behavior including the attitudes and perceptions that influenced the physician during the prescription writing process. Additionally, a significant advantage of inFACT is that it allows for continuous monitoring of the market vs. "wave" research methodologies that are currently the norm and suffer from timeliness issues in today's fast-paced health care market.

Through a strategic agreement between Cozint and NDC, inFACT integrates NDC's weekly / daily U.S. prescription databases and Cozint's Web-based physician surveys to monitor the evolving market dynamics of new product launches, new formulations, and any other point in the product life cycle.

Using inFACT, pharmaceutical and healthcare companies can obtain targeted market information faster, and with a greater level of actionability, than traditional market research methods such as mail or telephone. inFACT surveys provide research results within days of a prescribing event, rather than weeks or months, enabling timely marketing strategy decisions based on real-time market conditions and resulting in a more effective process for measuring products in the field. Clients can monitor surveys as they are administered and view online, real-time results at any time, from anywhere in the world through the secure, password-protected Web site.

"For the first time, pharmaceutical marketers can monitor their strategies in real time, instead of performing a data autopsy when it's too late to take action." said Rob Sederman, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of Cozint Interactive, Inc. He added, "inFACT allows our clients' marketing analysts to track shifts in market trends and product life cycles as they occur. Continuous tracking enables pharmaceutical manufacturers to make effective strategic decisions quickly and accurately. inFACT marks the beginning of a new era in prescriber-behavior research."

Walter M. Hoff, CEO of NDC Health, said, "Joining NDC's analytic an·a·lyt·ic or an·a·lyt·i·cal
adj.
1. Of or relating to analysis or analytics.

2. Expert in or using analysis, especially one who thinks in a logical manner.

3. Psychoanalytic.
 expertise and unparalleled Source(R) database information with primary research from Cozint Interactive results in innovative new solutions that shed light on previously unknown variables in patient care to benefit the healthcare industry."

About the Companies

Cozint Interactive is an e-health marketing services company focused on providing the pharmaceutical and biotechnology industries with targeted customer information on demand via the Internet. Cozint offers an interactive forum for physicians and patients to provide critical opinions, expertise, and feedback when it is convenient for them, e.g. at home, in the evening or on weekends resulting in both improved response rates and data quality relative to traditional phone-based surveys.

Supporting the biopharmaceutical industry, Cozint Interactive's Web-based platform enables on-demand collection, processing, and delivery of targeted customer and prospect information. With extensive management team experience in health care consulting, market research, and IT, Cozint leverages the Internet's speed and interactivity to support time-sensitive, tightly focused, information-based marketing decisions and strategy. The company is headquartered in Andover, Massachusetts with a marketing and sales office in Princeton, New Jersey
See also: Princeton Township, New Jersey

Princeton, New Jersey is located in Mercer County, New Jersey, United States. Princeton University has been sited in the town since 1756.
.

National Data Corporation (NYSE NYSE

See: New York Stock Exchange
:NDC) is a leading provider of health information services and electronic commerce solutions that add value to its customers' operations.

For more information, visit the Cozint Website at www.cozint.com, or contact Cindy Blodgett Cindy Lee Blodgett (born December 23, 1975 in Clinton, Maine) is a former collegiate and professional basketball player. She is currently the head coach at University of Maine, located in Orono, Maine. , Vice President, Marketing and Sales, Cozint Interactive, Inc., 199 Nassau Street Nassau Street could refer to several different locations:
  • Nassau Street (Dublin) – a street in Dublin, Ireland.
  • Nassau Street (Winnipeg) – a street in Winnipeg, Manitoba.
  • Nassau Street (Princeton) – a street in Princeton, New Jersey.
, Princeton, NJ 08540, Tel: (609) 252-9509, Fax: (609) 252-9534.

This document may contain forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
 concerning NDC's operations, current and future performance and financial condition. These items involve risks and uncertainties such as product demand, market and customer acceptance, the effect of economic conditions, competition, pricing, development difficulties, the ability to consummate To carry into completion; to fulfill; to accomplish.

A Common-Law Marriage is consummated when the parties live in a manner intended to bring about public recognition of their relationship as Husband and Wife.
 and integrate acquisitions, and other risks detailed in the Company's SEC filings. The Company undertakes no obligation to revise any of these statements to reflect future circumstances or the occurrence of unanticipated events.
COPYRIGHT 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Feb 22, 2001
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