Dendrite Helps Pharmaceutical Sales Reps Average Seven More Product Briefings Per Week, Industry Study Concludes.Study shows how pharmaceutical companies with 1,000 sales representatives could reap $74 million in incremental Additional or increased growth, bulk, quantity, number, or value; enlarged. Incremental cost is additional or increased cost of an item or service apart from its actual cost. annual revenues BEDMINSTER, N.J. -- Dendrite's flagship Sales Force Effectiveness product, Mobile Intelligence[TM], enables sales representatives to achieve seven more product briefings - known as "product details" - with physicians on a weekly basis, when compared to an industry average, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a study by Health Industry Insights, an IDC company. For a typical life sciences company with 1,000 sales representatives, this finding can translate into $74 million of incremental annual revenues, the study shows. The study, which compared Dendrite's flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. with an industry average of other Sales Force Effectiveness products, also identified other quantitative benefits of Mobile Intelligence for sales representatives, including time savings and reduced duplicate records. The study also found higher job satisfaction and a better quality of life among these sales reps. The efficiencies gained from using Mobile Intelligence are a direct result of the software's unique user experience. To develop this solution, Dendrite dendrite: see nervous system; synapse. closely monitored how pharmaceutical sales representatives pharmaceutical sales representative Detailer, Drug rep Drug industry A drug company employee who regularly visits physicians and office practices, providing information on the company's products–usually putting a negative 'spin' on competitors' products. See Detailing. interacted in the field and redesigned its software to precisely mirror the specific needs of the representative throughout their work flow. As a result, sales representatives spend less time interacting with their software, and more time interacting with prescribers. "Because we are a leading company focused on the life sciences industry, we are in a unique position to craft a solution that's perfectly aligned to it," said Mark Theilken, president, U.S. Sales Solutions. "The life science industry has substantially different needs, and we believe our approach is much better than trying to retrofit ret·ro·fit v. ret·ro·fit·ted or ret·ro·fit, ret·ro·fit·ting, ret·ro·fits v.tr. 1. To provide (a jet, automobile, computer, or factory, for example) with parts, devices, or equipment not in a more generic, horizontal solution See horizontal market software. ." Results of this study will be presented Thursday at Dendrite's PharmaQuest conference, "Putting You Ahead: Success Strategies for Mid-Tier and Emerging Life Sciences Companies." To register for PharmaQuest, visit www.dendrite.com/pharmaquest. To receive a white paper illustrating the study results in greater detail, visit www.dendrite.com/moredetails. About Dendrite Founded in 1986, Dendrite International (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : DRTE DRTE Defence Research Telecommunications Establishment ) enables sales, marketing, clinical and compliance solutions for the global pharmaceutical industry. Dendrite's clients are located in more than 50 countries and include the world's top 20 pharmaceutical companies. For more information, please visit www.dendrite.com. Note: Dendrite is a registered trademark of Dendrite International, Inc. 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. that may be identified by such forward-looking terminology as "expect," "believe," "anticipate," "will," "intend," "plan," "target," "outlook," "guidance," and similar statements or variations. Such forward-looking statements are based on our current expectations, estimates, assumptions and projections and involve significant risks and uncertainties, including risks which may result from our dependence on the pharmaceutical industry; fluctuations in quarterly revenues due to lengthy sales and implementation cycles for certain of our solutions; our fixed expenses in relation to fluctuating revenues and variations in customers' budget cycles; dependence on certain major customers; changes in demand for our products and services attributable to any weakness experienced in the economy or mergers, acquisitions and consolidations in the pharmaceutical industry; successful and timely development and introduction of new products and versions; rapid technological changes; increased competition; international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. ; integrating the entities we acquire; our ability to effectively manage our growth; the protection of our proprietary technology; our ability to compete in the Internet-related products and services market; the continued demand for Internet-related products and services; the ability of our third party vendors to respond to technological change; our ability to maintain our relationships with third-party vendors; less favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. than anticipated results from strategic relationships; dependence of data solutions on strategic relationships; events which may affect the U.S. and world economies; and catastrophic events which could negatively affect our information technology infrastructure. Other important factors that should be reviewed and carefully considered are included in the company's 10-K, 10-Qs, and other reports filed with the SEC. Actual results may differ materially. The company assumes no obligation for updating any such forward-looking statements to reflect actual results, changes in assumptions or other changes affecting such forward-looking statements. |
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