NEW YORK, Nov. 2, 2017 /PRNewswire/ -- Precision Value & Health today announced the formation of Precision Xtract—a new, focused alignment of the company's global market access consulting and data services. The move is designed to offer clients an interconnected team of specialists developing strategies, tools, and tactics in support of next generation approaches to drug development and product value demonstration.
Precision Xtract consists of established, industry-leading teams providing value evidence planning, health economics and outcomes research, global pricing and reimbursement support, market access strategy, pull-through, and data management services. The new entity was assembled specifically to get to the heart of global market access matters through a wide array of solutions developed by thought leaders with professional experiences in academia, pharma, consultancy, and as payer executives.
Differentiating itself from other market offerings, Precision Xtract provides clients with scientific capabilities, market insights, and technologies that identify and activate the drivers of global market access. Precision Xtract serves as a trusted partner to innovative pharmaceutical and life sciences companies to generate the critical evidence, analytics, and market engagement substantiating product value. By leveraging actionable strategies and proprietary tools in support of pricing, access, and value demonstration, Precision Xtract customers increase their global market access.
"We've been very successful in acquiring, building, and growing closely related consulting and technology-enabled services in the areas of HEOR, pricing, global market access, and payer analytics," said Precision Value & Health president Dan Renick. "With Precision Xtract, we are able to unify these impressive capabilities under a powerful new brand that clearly positions us for continued success and accelerated growth, and with over 100 current professionals in North America and Europe, we are easily one of the largest and most experienced offerings in the market."
Precision Xtract takes its place as a key component within Precision Value & Health, joining business units Precision for Value, Precision Health Economics, and precisioneffect to assist clients in navigating the entire route to commercialization. With offices located in the US, Canada, and Europe, Precision Xtract is poised to offer global clients greater entrance to its versatile scientific capabilities and successful market access insights.
About Precision Value & Health
Precision Value & Health comprises industry-leading business units Precision for Value, Precision Health Economics, Precision Xtract, and precisioneffect, representing a unique set of complementary services working in concert to help pharmaceutical and life sciences clients establish the clinical, economic, and humanistic value of innovative therapies to payers, healthcare professionals, and patients.
SOURCE Precision Value & Health