Patheon Signs Agreement with Zycus for Strategic Sourcing Solution

PRINCETON, N.J.--(BUSINESS WIRE)--Patheon Inc. (TSX: PTI), a global provider of drug development and manufacturing services to the international pharmaceutical industry and Zycus, a global leader in Spend Management solutions, announced today that they have signed an agreement for Patheon to deploy Zycus iSource^TM software to accelerate ROI and standardize Patheon’s tendering processes.

“The Zycus iSourceTM solution is easy-to-use and offers many useful capabilities such as drag-and-drop creation of RFx, electronic auction capabilities and interactive graphical bid analysis. The entire collaborative Zycus iSourceTM platform is exactly what we were looking for to maximize the savings results from our global procurement initiatives”

“The Zycus iSource^TM solution is easy-to-use and offers many useful capabilities such as drag-and-drop creation of RFx, electronic auction capabilities and interactive graphical bid analysis. The entire collaborative Zycus iSource^TM platform is exactly what we were looking for to maximize the savings results from our global procurement initiatives” said Jonathan Arnold, VP Global Supply Chain at Patheon.

Zycus iSource^TM will replace Patheon’s traditional tendering processes. The solution was chosen for its ease of use to ensure user adoption for Patheon’s procurement team.

“Zycus is proud to continue delivering solution that helps to simplify complex, lengthy business processes with easy to use solutions, thus enabling Patheon to maximize their annual savings” says Anurag Dixit, VP Global Marketing at Zycus.

About Patheon

Patheon Inc. (TSX: PTI; www.patheon.com) is a leading global provider of contract development and manufacturing services to the pharmaceutical industry. Patheon prides itself in providing the highest quality services to more than 300 of the world’s leading pharmaceutical and biotechnology companies. Patheon’s services range from preclinical development through commercial manufacturing of a wide array of dosage forms including parenteral, solid, semi-solid and liquids. Patheon’s comprehensive range of full integrated Pharmaceutical Development Services includes pre-formulation, formulation, analytical development, clinical manufacturing, scale-up and commercialization. Patheon’s ability to integrate development and manufacturing services ensures that our customers’ projects are delivered on time and meet the high standards of quality that Patheon is known for. Patheon’s integrated network strives to ensure that customer products can be launched with confidence globally. Patheon’s integrated development and manufacturing network of 11 facilities and 8 development centers, across North America and Europe, strives to ensure that customer products can be launched timely and confidently anywhere in the world.

About Zycus

Zycus continues to deliver on its heritage of providing best-in-class spend management solutions that are world renowned for delivering an accelerated return on investment through superior user adoption to create Maximized Savings. Zycus’ solutions are built from the ground up combining cutting-edge technology and domain expertise, enabling higher performance and sustainable value to organizations worldwide. Zycus provides global spend management solutions to more than 170 leading Fortune 1000 customers that consider spend management software, processes and technology strategic to their competitive advantage. Zycus Spend Management solutions automate and streamline the processes of spend analysis, strategic sourcing and contract management.

With more than 170 global proven implementations, Zycus' solutions have emerged as the global favorite. Zycus has more than 250 employees across North America, Europe and Asia-Pacific. To learn more about Zycus, e-mail [e-mail] or visit www.zycus.com.