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March 13, 2013
08:37 EDTPDIIPDI, Inc. announces $17M multi-year sales contract
PDI, Inc. announced the signing of a new sales contract which could generate total revenues of up to $17M over its two-year term. PDI estimates that $M-$6M of revenue will be recognized in 2013, beginning in the second quarter. Under the agreement PDI will provide a dedicated team to promote a CNS therapeutic product to neurologists and pain specialists. The agreement also provides an option for contract termination after one year.
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