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Merck Contracts inVentiv for Sales Work




By EmploymentCrossing

 
Over the summer Merck, the White House Station, New Jersey-based drug maker, cut its sales force by 15%, or 1,200 reps. Now, as it looks to reconfigure its sales efforts, it will be going forward with a contract sales team in a deal with inVentiv Health, also from New Jersey.
 
After the mixed results of cholesterol drugs Vytorin and Zetia, Merck is ultimately finding a new way to bring its products to market.
 
inVentiv is a firm that offers drug and biotech companies a service package that includes sales, marketing, communications, and clinical trial management.
 
On Merck’s end, they are looking to essentially let the subcontracted work pay for itself, and not have to take on full-time recruits and the labor cost that comes with them. As the market fluctuates and new products roll out, the company is limiting its risk.
 
Merck’s sales strategy is set to go into effect by next year, and will run with a combination of the current in-house staff and the inVentiv contract team.
 
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