CRANFORD, NJ – April 8, 2013 – Paragon Solutions, an advisory consulting and systems integration firm, today announced a partnership with Thomson Reuters to provide seamless access to data residing in Thomson Reuter’s Cortellis™ via Paragon’s Licensing and Competitive Intelligence Solution. Paragon’s solution offers licensing and portfolio managers at pharmaceutical and biotech companies the ability to gain unified access to disparate data sources throughout drug discovery and development, greatly improving the speed and quality of licensing decision making.
The integration of Paragon’s platform with Cortellis will enable drug licensing decision makers to query internal and external data simultaneously, driving the right information into the decision process to rapidly determine whether or not to pursue or abandon an opportunity. This can reduce the time to market for successful drugs by months or even years, which is paramount to life sciences organizations.
Since the majority of the compounds in pharmaceutical pipelines were not discovered in-house, the ability to effectively locate, screen, evaluate and prioritize potential licensing candidates to pursue often becomes the primary means by which manufacturers can hope to develop the next blockbuster drug.
Paragon developed its integrated solution for query, analysis and visualization by joining competitive intelligence and financial valuation with market, business and scientific data. The solution enables unified access to disparate data sources by combining advanced search and productivity tools to determine the novelty, attractiveness and value of new drug licensing opportunities— in the context of the competitive environment and in real time—potentially saving pharmas and biotechs millions.
Paragon demonstrated the capabilities of its Licensing and Competitive Intelligence Solution as part of a recent webinar. To view a recording of the webinar, click here Driving Innovation Through Licensing, Competitive Intelligence and Big Data Analytics.
About Thompson Reuters Corellis for Competitive Intelligence
Thomson Reuters Cortellis for Competitive Intelligence is an intuitive intelligence tool with access to an
extensive database of drug pipeline, deals, patents, and companies content, coupled with latest industry news. From one source, create a full picture of the competitive landscape for your chosen indications, actions, and companies; speeding up decision making by providing the exact information you need. For more information, visit http://science.thomsonreuters.com.
Paragon Solutions is an advisory consulting and systems integration firm that specializes in enterprise information management to help clients leverage information assets for better business results. The company does this through its industry practices, solution accelerators and specialized technology competencies that help clients achieve operational efficiency, business scalability and regulatory compliance.
Paragon works with businesses that are focused in a few key industries—communications, financial services, healthcare, insurance and life sciences. The industry-focused practices work with Paragon’s competency groups to address today’s client concerns in Process Optimization, Information Management and Information Insight.
For more information, please visit the Paragon website at www.consultparagon.com, or call 1.800.462.5582.