INFORMED MEDICAL COMMUNICATIONS APPOINTS STEVEN BUDD AS NEW CHIEF EXECUTIVE OFFICER
New York, NY – November 5, 2007 - Informed Medical Communications
(IMC), an interactive medical information service company, has named Steven K. Budd
as Chief Executive Officer. The announcement was made today by IMC's Board of Directors
and takes effect immediately. Based in IMC's Edison, New Jersey office, Mr. Budd
replaces former IMC CEO Thomas Patton who will remain with the company as Chairman
of the Board.
The new CEO brings more than twenty five years of sales, marketing and medical communications
experience to IMC, most recently as President of PDI, Inc, a position he held since
2000. After joining PDI in 1996 as Executive Vice President, Mr. Budd was appointed
Chief Operating Officer in 1998 and was a member of the team that brought the company
through its successful IPO. During his tenure at PDI, he helped vault the company
to a leadership position in providing sales and marketing services to the bio-pharmaceutical
industry, at its peak achieving revenues in excess of $400 million with four thousand
employees and a market valuation of over $1 billion.
“Steve’s high-level management experience and stellar track record within the healthcare
industry make him the perfect fit to lead IMC as we expand our core businesses and
develop new products and services,” noted Tom Flynn of Ferrer Freeman & Company
and an IMC Board Member. “It’s a rare individual that combines Steve’s passion for
the business with his breadth of knowledge and we couldn’t be more excited for our
employees and clients,” added Patrick Heron of Frazier Healthcare and an IMC Board
Member. Mr. Budd said that he looks forward to working with IMC’s talented leadership
team to leverage the company’s stellar reputation within the industry and increase
its visibility and market share.
The company’s Peer Group division, led by President Kathleen Bresette, is an established
leader in the area of peer-influence conferences for the healthcare and pharmaceutical
industries. Mr. Budd lauded the company’s prominent role in creating and perfecting
the expert moderator-led conference format and its unwavering commitment to providing
significant, measurable value to clients. He also noted the company’s exceptional
ability to overcome current marketplace challenges faced by clients by maintaining
a constant focus on innovative, effective and customized campaigns. “Our objective,”
Mr. Budd continued, “is to proactively add value to our clients – to be seen as
an extension of their internal teams – with flexible and ever-evolving service offerings.”
The new CEO also pointed to the innovation and superior services of the company’s
HealthTalk division, led by President Mike Cunnion. HealthTalk is a leading online
provider of interactive chronic care programming and health information for patients
and caregivers. With over 500,000 active members across 20 disease networks, HealthTalk,
serves the nation’s growing chronic care population by providing indispensable,
highly-relevant information and support through active communities, multi-media
programming and advice from the nation’s leading medical experts. “I’m excited about
the groundbreaking work that’s been accomplished by HealthTalk in building a unique
medically relevant consumer resource,” Mr. Budd stressed, “and I believe this property
is destined to play a significant role in the expanding Direct-to-Patient market.”
About Informed Medical Communications
Informed Medical Communications (http://www.informedmedical.com),
headquartered in New York City, is an interactive medical marketing group of companies
providing services to the biopharmaceutical industry. The companies include: The
Peer Group, an industry innovator and leader in conducting peer-to-peer medical
programs; HealthTalk, a pioneer in providing disease information and support resources
that empower patients and caregivers coping with serious medical conditions to proactively
and effectively manage their diseases; RxDialogue, a consumer relationship marketing
company designed to give patients a deeper understanding of benefits and risks of
treatment options in a highly personalized format not provided in traditional advertising;
and MRxHealth, a market research and consulting firm that provides insights into
the development and effectiveness of non-traditional marketing programs for physicians
and patients. The IMC network of companies delivers integrated marketing programs
for patients, physicians, medical professionals and payors, with the goal of improving
the dialogue among patients and physicians in understanding health conditions and
their medical options. IMC is a private-equity backed, privately held company.