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IntegriChain Announces Close of Nordic Capital Majority InvestmentInvestment will accelerate IntegriChain's ambitious growth targets and cement its status as a leading commercialization platform for pharma manufacturers PHILADELPHIA, Dec. 19, 2023 /PRNewswire/ -- IntegriChain today announced the close of an investment agreement whereby Nordic Capital has acquired the majority stake in IntegriChain. IntegriChain's integrated ICyte Platform helps pharma manufacturers connect the commercial, financial, and operational dimensions of drug commercialization, access, and profitability. Nordic Capital, a leading sector-specialized private equity investor with a broad portfolio in Healthcare and Pharma, acquired the majority stake from Accel-KKR, a global software private equity firm, which first invested in IntegriChain in 2016. "Our industry's most pressing challenge is to deliver access to its life changing science while preserving enough of its net revenue to continue delivering value to its investors," said Josh Halpern, Co-Founder and CEO of IntegriChain. "IntegriChain brings together the data, technology, and talent that the industry will need to find and operationalize more profitable strategies for drug commercialization. Nordic Capital has unique experience at the crossroads of Pharma, healthcare technology, and payments technology. Their expertise and industry perspective will help us accelerate our execution on our vision, particularly our ongoing investments in the ICyte Platform and its increasingly essential net revenue applications, data, and analytics. We owe tremendous gratitude to Accel-KKR for their guidance and support as we built IntegriChain to the leader it is today and are now poised for this important next phase of our business development." The terms of the transaction were not disclosed. IntegriChain helps pharma manufacturers bring their science to market, ensuring patients have affordable, timely, and sustainable access to therapy. IntegriChain delivers Pharma's only data-driven commercialization platform — from strategy to operational execution. The Company's unique focus on data, technology, consulting, and outsourcing helps connect the commercial, financial, and operational dimensions of drug access and profitability. Through the ICyte Platform, IntegriChain enables pharmaceutical innovators to achieve better commercial outcomes by digitalizing daily and recurring business activities and by integrating data and operations across contracting, pricing, channel and distribution, and gross-to-net. IntegriChain is backed by Accel-KKR, a leading Silicon Valley technology private equity firm, and is headquartered in Philadelphia, PA, with offices in Ambler, PA, and Pune, India. For more information, visit www.integrichain.com or follow on LinkedIn. About Nordic Capital "Nordic Capital" refers to, depending on the context, any, or all, Nordic Capital branded entities, vehicles, structures, and associated entities. The general partners and/or delegated portfolio managers of Nordic Capital's entities and vehicles are advised by several non-discretionary sub-advisory entities, any or all of which are referred to as "Nordic Capital Advisors." About Accel-KKR Contact View original content to download multimedia:https://www.prnewswire.com/news-releases/integrichain-announces-close-of-nordic-capital-majority-investment-302019190.html SOURCE IntegriChain |