IMS Health

Infobox_Company
company_name = IMS Health
company_
company_type = Public
company_slogan = Intelligence. Applied.
foundation = 1954
location = Norwalk, Connecticut
key_people = David Carlucci, CEO and Chairman
num_employees = 7,600+
industry = Marketing Research
products = Market Research
homepage = [http://www.imshealth.com/ www.imshealth.com]

IMS Health (nyse|RX) is an intern consulting and data services company that supplies the pharmaceutical industry with sales data and consulting services. IMS Health was founded in 1954 by Bill Froch and David Dow. Today IMS has operations in more than 100 countries, a global workforce of 7,600+ employees and revenues of $2bn. It recently moved its headquarters from Fairfield, CT to Norwalk, CT.

Products

IMS collects pharmaceutical sales data from markets across the world. As of January 2007, they collect sales data from 75% of prescriptions in 100 countries around the world. In the U.S. they are able to cover 90% of pharmaceutical sales. This allows IMS to cover over one million pharmaceutical products from over 3,000 companies. ^{[http://www.imshealth.com/ims/portal/front/indexC/0,2773,6599_3663_0,00.html]}

IMS also uses their own data to produce syndicated reports such as market forecasts. These predict how a market in a specific country or specific therapy area will change over time. This works through the production of baseline projections of sales and the application of different future events to this baseline to produce a forecast.

In January 2008, IMS announced a 11% layoff of their global workforce.

History

*IMS Health's corporate headquarters are located in Norwalk, Connecticut.
*The company's chief executive is David Carlucci, formerly of IBM.
*In 2001, IMS strengthened its consulting capabilities by acquiring Cambridge Pharma Consultancy, a privately held international firm that provides strategic advice to senior pharmaceutical management.
*In 2007 IMS was named 25 in The Business Week 50. This list represents companies that represent the "best in class" companies from the ten economic sectors that make up the S&P 500. ^{[http://www.businessweek.com/magazine/toc/07_13/B40270713bw50.htm]}

Financial Performance

Top 10 of the Market Research Sector 2006

References and external links

* [http://www.imshealth.com IMS website]
* [http://www.imsgovt.com IMS Government Solutions]
* [http://www.marketingpower.com/content/honointl25.pdf Top 25 Marketing Research Firms]