IMS Health and IRI Forge Global Alliance In Consumer Health.Fully Integrated, End-to-End Capabilities for Superior Insights into Healthcare Market Dynamics NORWALK, Conn. & CHICAGO -- IMS Health IMS Health (NYSE: RX) is an international consulting and data services company that supplies the pharmaceutical industry with sales data and consulting services. IMS Health was founded in 1954 by Bill Frohlich and David Dubow. (NYSE NYSE See: New York Stock Exchange : RX) and Information Resources (1) The data and information assets of an organization, department or unit. See data administration. (2) Another name for the Information Systems (IS) or Information Technology (IT) department. See IT. , Inc. (IRI Iri (ē`rē`), former city, North Jeolla (Cholla) prov., SW South Korea. An agricultural center and transportation hub, it was absorbed into Iksan. ) today announced a global alliance to provide industry-leading business intelligence, analytics and consulting expertise on the consumer health marketplace. The multi-year alliance establishes a seamless, end-to-end view of three key market segments - prescription medicines, over-the-counter products and consumer packaged goods Noun 1. packaged goods - groceries that are packaged for sale foodstuff, grocery - (usually plural) consumer goods sold by a grocer plural, plural form - the form of a word that is used to denote more than one - providing clients with unique, new insights into consumer dynamics that are driving today's healthcare decisions. IMS (1) See IP Multimedia Subsystem. (2) (Information Management System) An early IBM hierarchical DBMS for IBM mainframes. IMS was widely implemented throughout the 1970s under MVS and continues to be used under z/OS. is the world's leading provider of market intelligence to the pharmaceutical and healthcare industries. IRI is a leading global provider of market information, insights and decision solutions for the consumer packaged goods, retail, and healthcare industries. "This alliance leverages our two companies' respective strengths, and enables us to enhance and expand our offerings backed by the healthcare industry's most robust information, analytics and consulting capabilities," said Gilles Pajot, IMS's chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . "With a truly integrated view of consumer health marketplace dynamics, our clients can make better decisions on how to identify market opportunities, optimize portfolios and allocate resources to drive growth. IMS and IRI already are working together successfully in several key markets around the world, providing fresh, evidence-based perspectives that support every aspect of marketing and sales decision making." At a time when consumers increasingly are empowered to make their own healthcare decisions, the two companies will offer superior insights into market dynamics - equipping clients with more comprehensive information and analyses and innovative offerings to help them launch new products, reposition existing brands, manage sales teams and inventories, and reach the right prescribers, retailers and consumers. With a deeper understanding of consumers' purchasing behaviors and attitudes toward their health and well being, clients can optimize their brand performance and promotional investments across sales channels, markets and stakeholder stakeholder n. a person having in his/her possession (holding) money or property in which he/she has no interest, right or title, awaiting the outcome of a dispute between two or more claimants to the money or property. groups. The initial focus of the alliance will be on the U.S. and European markets, where IMS and IRI are well positioned to assess regional and local trends - from the increasing number of prescription drugs available over-the-counter in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , to the growing role of mass market channels for consumer health products in Europe. "Today's global prescription, over-the-counter and consumer packaged goods markets are rapidly converging, creating the need for a unified view of product performance supported by predictive analytics Predictive analytics encompasses a variety of techniques from statistics and data mining that process current and historical data in order to make “predictions” about future events. ," observed IRI President and Chief Executive Officer John Freeland. "This alliance will lead to a better understanding of prescription and OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). purchases, and their relationship to consumer packaged goods purchasing activity. As a result, manufacturers and retailers will be able to better understand consumers' evolving healthcare choices in a more holistic, meaningful way." 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. IMS and IRI estimates, the global consumer health market is valued at $400 billion, and is expected to grow six percent annually during the next five years. The IRI Healthcare Solutions Group provides pharmaceutical, healthcare and worldwide consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and companies, as well as retailers, with consumer intelligence and analytic services. IMS tracks more than 1 million healthcare products daily, covering over 70 percent of all pharmaceutical sales transactions worldwide - and more than 90 percent of transactions in the United States. About IMS Operating in more than 100 countries, IMS Health is the world's leading provider of market intelligence to the pharmaceutical and healthcare industries. With $2.0 billion in 2006 revenue and more than 50 years of industry experience, IMS offers leading-edge market intelligence products and services that are integral to clients' day-to-day operations, including portfolio optimization capabilities; launch and brand management solutions; sales force effectiveness innovations; managed care and consumer health offerings; and consulting and services solutions that improve ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). and the delivery of quality healthcare worldwide. As a global leader in protecting individual patient privacy, IMS uses de-identified healthcare data to deliver critical, real-world disease and treatment insights. These insights help medical researchers, government agencies, and healthcare and pharmaceutical companies identify unmet treatment needs and understand the effectiveness and value of pharmaceutical products in improving overall health outcomes. Additional information is available at http://www.imshealth.com. About Information Resources, Inc. IRI is the world's leading provider of consumer, shopper, and retail market information, insights and decision solutions to 95 percent of the FORTUNE Global 500 consumer packaged goods (CPG CPG central pattern generators. ), healthcare and retail companies. Only IRI offers the unique combination of integrated market and shopper information, automated analytics and predictive insights, innovative technology, and domain expertise. With IRI, leading manufacturers and retailers are able to drive their growth by quickly discovering breakthrough insights, making smarter decisions, taking faster actions across the enterprise, and achieving breakthrough results. Companies around the world depend on IRI for technology and solutions that enable brand building, successful new product launches, consumer-driven merchandising/retail execution and consumer and shopper relationship management. For more information, visit http://us.infores.com. |
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