PARSIPPANY, N.J. and PITTSBURGH – November 4, 2003 – Innovex, a leading commercial solutions provider, and Development Dimensions International (DDI), a global human resources consulting firm, today announced a strategic collaboration to develop recruiting systems specifically for the pharmaceutical and biotech industries.
Under the agreement, Innovex and DDI have created an expanded portfolio of candidate screening capabilities to enhance Innovex's ability to recruit the most qualified individuals available for building sales forces. The collaboration unites Innovex's industry-leading experience in building, managing and deploying sales teams with DDI's assessment and selection tools and expertise.
Randall Hurban, Vice President, Innovex Recruiting Services, said, "As Innovex continues to assemble sales forces for major pharmaceutical companies, this alliance with DDI – exclusive to the pharmaceutical contract sales industry – is already beginning to prove its value. Combining Web-based and telephone-screening technologies with behavior-based assessment tools, we have begun to accelerate and enhance the candidate selection process so that hiring managers interview only the very best candidates." DDI and Innovex are already using this technology with several customers."DDI helps partners build more competitive workforces," said Rich Wellins, Senior Vice President of Global Marketing and Business Development for DDI. "Combining our expertise in candidate assessment with our Web-based tools for screening, testing and tracking applicants gives Innovex the ability to identify the most talented and capable job candidates available."
Under this exclusive arrangement, Innovex is the only provider of pharmaceutical contract sales forces that can utilize DDI's assessment and selection resources and services.
About Innovex
Innovex, a unit of Quintiles Transnational Corp., is a leading commercial solutions provider offering sales and marketing services designed to accelerate the success of pharmaceutical, biotech and other healthcare products. For more information visit www.innovex.com.
Quintiles helps improve healthcare worldwide by providing a broad range of professional services, information and partnering solutions to the pharmaceutical, biotechnology and healthcare industries. Headquartered near Research Triangle Park, North Carolina, and with offices in more than 40 countries, Quintiles is a leading global pharmaceutical services organization and a member of the Fortune 1000. For more information visit the company's Web site at www.quintiles.com.
About DDI
Since 1970 DDI has helped clients achieve superior business results by building engaged, high-performing workforces by selecting, developing and retaining extraordinary people. DDI specializes in identifying and developing leaders and helping you hire better people faster. What sets DDI apart is realization—they have a passion for client success. For more information go to www.ddiworld.com/aboutddi.
Information in this press release contains "forward looking statements" regarding Quintiles and Innovex that involve risks and uncertainties that could cause actual results to differ materially, including without limitation, the risk that the collaboration will not prove successful or continue, the risk that the market for our products and services will not grow as we expect, our ability to efficiently distribute backlog among therapeutic business units and match demand to resources, actual operating performance, the ability to maintain large client contracts or to enter into new contracts, changes in trends in the pharmaceutical industry, and the ability to operate successfully in new lines of business. Additional factors that could cause actual results to differ materially are discussed in Quintiles' recent filings with the Securities and Exchange Commission, including but not limited to its Annual Report on Form 10-K, its Form 8-Ks, and its other periodic reports, including Form 10-Qs.