HORSHAM, Pa.--(BUSINESS WIRE)--Reed Technology and Information Services Inc. (Reed Tech), part of the LexisNexis® family, is pleased to announce it has been awarded a contract with the U.S. Food and Drug Administration (FDA) to convert prescription drug labeling from its current format to the Physician Labeling Rule (PLR) format. The purpose of this contract is to provide FDA’s Center for Drug Evaluation (CDER) with the necessary services to complete a number of projects planned over five years aimed at improving and enhancing prescription drug labeling. The estimated contract value is $26 million over the five year period.
Reed Tech has carefully assembled a uniquely qualified, multi-disciplinary team of medical, pharmaceutical and labeling experts with significant experience in all of the areas sought by the FDA for this initiative. Reed Tech has been providing Structured Product Labeling (SPL) services since the FDA began SPL submissions in 2005 and currently serves over 700 customers.
“Reed Tech is delighted to offer these services to the FDA,” said Ben McGinty, Senior Director, Life Sciences. “We look forward to helping the FDA fulfill its vision of updating prescription labels to a standard that communicates critical information more clearly, for more effective and safe administration of these medicines.”
“I am confident the experience of the Reed Tech team will provide the high-quality PLR labeling conversion, documentation and SPL format creation services, needed by the FDA to achieve its objective,” stated Sam Hardman, CEO and President of Reed Technology. “Reed Tech has extensive experience in providing content processing and management services to the pharmaceutical community and to the U.S. Government, most notably the U.S. Patent and Trademark Office (USPTO). Our relationship with the USPTO goes back over 40 years and demonstrates our ability to manage large-scale federal information services contracts.”
For more information about Reed Technology and Information Services, visit www.ReedTech.com.
About Reed Technology and Information Services Inc.
Reed Technology and Information Services Inc., part of the LexisNexis family, provides innovative solutions for data conversion, preservation, analysis, e-submission and publication for corporate, legal and government clients. Reed Technology is a market leader and subject matter expert in its lines of businesses:
- Government: Providing data capture and publication solutions for every patent application submitted to the U.S. Patent and Trademark Office.
- Life Sciences: Leading provider of Structured Product Labeling (SPL) and related offerings, serving over 700 life science companies.
- Intellectual Property (IP) Services: Giving law firms and patent-driven companies tools to analyze patent information to make more informed and strategic decisions.
- Reed Archives: Providing world-class website and social media preservation services to support e-discovery, compliance and regulatory mandates.
For further information, visit www.ReedTech.com.
About LexisNexis Legal & Professional
LexisNexis® Legal & Professional (www.lexisnexis.com) is a leading global provider of content and technology solutions that enable professionals in legal, corporate, tax, government, academic and non-profit organizations to make informed decisions and achieve better business outcomes. As a digital pioneer, the company was the first to bring legal and business information online with its Lexis® and Nexis® services. Today LexisNexis harnesses leading-edge technology and world-class content to help professionals work in faster, easier and more effective ways. Through close collaboration with its customers, the company ensures organizations can leverage its solutions to reduce risk, improve productivity, increase profitability and grow their business. Part of Reed Elsevier, Inc., LexisNexis Legal & Professional serves customers in more than 100 countries, with 10,000 employees worldwide.