India’s leading software technology services company Satyam Computer has inked an alliance with Sciformix Corporation, a Westborough -based, life science knowledge process outsourcing (KPO) company. Satyam in conjunction with Sciformix Corporation will deliver end-to-end data management services in Pharmacovigilance.
Of late there has been increased deployment on drug safety by companies leading to increased volumes of adverse events as par the regulatory authorities reports. To address the vacuum, Business Standard writes that Satyam and Sciformix combo will collaborate to enable pharmaceutical and biotechnology companies to better monitor the safety of the products they market by offering services across the safety management spectrum, ranging from case intake to international regulatory reporting.
The alliance also enables the organisations to offer these services in a way that is both cost-efficient and scaleable, via a proven global delivery model.
That’s a good or bad news I can’t tell. Following the partnership Satyam’s share slumped 3.27% at BSE. 
NDTV Profit reports that the stock hit a high of Rs 451.40 and a low of Rs 439.80 so far during the day. The stock had a 52-week high of Rs 544 on 30 May 2008 and a 52-week low of Rs 305 on 22 January 2008.
The large-cap company had outperformed the market over the past one month till 26 June 2008, declining 10.61% compared to the Sensex’s decline of 12.73%. It had also outperformed the market in the past one quarter, gaining 12.57% compared to Sensex’s decline of 11.91%.
Read: Satyam, Sciformix to help drug cos with data management
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