| PRESS RELEASE |
| Taratec and Argea Announce Strategic Relationship to Provide Complementary Outsourcing Services to Life Science Industry |
| 11-Aug-2005 |
Unique alliance will add FDA-compliance services for onshore and offshore outsourcing August 11, 2005, Princeton, NJ – Taratec, a leading life science consultancy that provides integrated business, information technology, and regulatory compliance services, announced today a strategic relationship with Argea, an outsourcing consulting and management services firm. The alliance is positioned to deliver complementary outsourcing solutions to the US life sciences industry, yielding high-value returns and providing a one-stop solution for customers with regulatory requirements. Taratec will provide regulatory compliance services to those life science companies that rely on Argea to help them manage their outsourcing engagements. This will allow these companies to confidently address the FDA requirements that apply to their outsourced projects and will provide a one-stop solution for outsourcing services to the industry. The alliance responds to the increasing pace, scope and scale of outsourcing that is being adopted in the global biopharmaceutical industry. This is spurring a greater demand for external expertise in both outsourcing and compliance in order to attain business outcomes with reduced risk. “To remain competitive, life science companies are increasingly relying on outsourcing partners,” said Mark E. Kolb, chairman and CEO of Taratec. “By combining Taratec’s expertise in regulatory compliance with Argea’s success in managing outsourcing projects, companies can outsource with confidence.“ Added Ram Iyer, Founder and CEO of Argea, “While pharmaceutical companies have been outsourcing for decades, they are lagging in areas like IT and business process outsourcing. Leveraging experienced practitioners and learning from the lessons of other industries will substantially improve the performance of outsourcing initiatives at pharma companies.” About Taratec About Argea Company Contacts: Taratec http://www.taratec.com Argea |