Vertical*i Holdings Inc. and Sun have an
agreement to develop unique technology solutions that support the
mission-critical business development activities of the Life Science
industry. These solutions, which combine Sun's best-in-class technology
infrastructure with Vertical*i's unique enterprise software
applications, will help Life filling product pipelines, bolstering
revenue growth expectations and ensuring competitiveness.
Life Science companies are continuing to fall behind in their ability
to generate new products internally at a rate sufficient to sustain
growth rates and satisfy market capitalization expectations. External
collaboration has become essential, and most biopharmaceutical and
medical device companies are having to step up their business
development and licensing activities significantly to meet the
Berlex Laboratories, the U.S. affiliate of Schering AG, one of the
world's top 25 pharmaceutical companies, recognizes the need for new IT
solutions to support the licensing process. "The pharmaceutical
industry is depending more than ever on innovation and technologies
developed by smaller biotech companies," said Andreas Muehler,
Director, New Business Opportunities, Berlex Laboratories. "An
efficient management system to effectively search the breadth of
external opportunities, as well as manage the internal evaluation
process is surely needed."
"Together, we'll work to bring transparency, efficiency and quality to
the licensing decision-making and alliance management process," said
Tim O'Connor, CEO of Vertical*i. "Allying with Sun enables Vertical*i
to focus on its core competency of developing unparalleled software
tools, with Sun providing its industrial-strength products, solutions
expertise, and access to a global sales and marketing network."
While bioinformatics has helped Life Science R&D processes cope with
the explosion in data generated by such events as the mapping of the
human genome, the Life Science Business Development function continues
to face challenges in keeping up with the rise in external
opportunities. Inefficiencies abound in data collection, data sharing,
information distribution, and decision-making procedures. As a result,
Sun and Vertical*i plan to address this critical need by developing a
technology solution that integrates Vertical*i's unique Lead Evaluation
Application (LEA) enterprise software with Sun's Java 2 Enterprise
Edition (J2EETM) platform and SolarisTM operating environment.
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