NEW YORK; Sept 13, 2007 -- Accenture (NYSE: ACN) and Bristol-Myers Squibb Company (NYSE: BMY) today launched in Chennai, India, the pharmaceutical industry’s first joint center for pharmacovigilance. Pharmacovigilance is the monitoring of safety data to ensure optimal use of medicines. It entails the capture, assessment, and reporting of potential side effects to medicines.
This is the first time a collaboration for ‘end-to-end’ safety case processing has been established and is inclusive of specialized activities, such as medical review of the reported adverse reactions. The team is organized as a parallel process and extension of the Bristol-Myers Squibb pharmacovigilance headquarters’ operations. It allows for the seamless handling of data and reports between Accenture and Bristol-Myers Squibb while not compromising patient safety.
"Building a joint team with a specialized focus will support the continued growth of our robust product pipeline, improving scalability and increasing overall productivity," said John Balian, M.D., senior vice president, Global Pharmacovigilance and Epidemiology, Bristol-Myers Squibb. "Working with Accenture, Bristol-Myers Squibb will continue to access world-class talent to deliver on our regulatory obligations, while enhancing our focus on patient safety."
"Leading companies are re-thinking their operating model to drive sustainable growth and productivity," said Eric Sandor, managing director of Accenture Pharmacovigilance Services. "Through a truly collaborative partnership with Bristol-Myers Squibb we have established an industry leading operation that is delivering substantial efficiency and improved flexibility for Bristol-Myers Squibb’s pharmacovigilance organization."
The pharmacovigilance center is part of Accenture’s Life Sciences Centers of Excellence in Bangalore and Chennai that Bristol-Myers Squibb already utilizes. Part of the multi-year R&D agreement signed in April this year, the pharmacovigilance center furthers Bristol-Myers Squibb’s efforts to significantly expand its R&D capabilities in India as an integral part of the company’s overall global strategy.
Accenture is a global management consulting, technology services and outsourcing company. Committed to delivering innovation, Accenture collaborates with its clients to help them become high-performance businesses and governments. With deep industry and business process expertise, broad global resources and a proven track record, Accenture can mobilize the right people, skills and technologies to help clients improve their performance. With more than 158,000 people in 49 countries, the company generated net revenues of US$16.65 billion for the fiscal year ended Aug. 31, 2006. Its home page is www.accenture.com.