SOURCE: MetricStream, Inc.

August 23, 2005 07:30 ET

Nektar Therapeutics Selects MetricStream

MetricStream to Automate Exceptions Reporting, Investigation and CAPA Process

REDWOOD SHORES, CA -- (MARKET WIRE) -- August 23, 2005 -- MetricStream, Inc., a market leader in the enterprise-wide quality and compliance market today announced that Nektar Therapeutics (NASDAQ: NKTR), a pioneer and leader in advanced drug delivery technologies that enable highly differentiated products, has selected MetricStream to automate its exceptions management and corrective actions processes to enable them to scale while sustaining cGMP/FDA compliance.

Nektar will deploy MetricStream's Quality*Stream solution for managing its product and process related exceptions reporting and investigation and for developing and executing corrective and preventive action (CAPA) plans. The web-based system will replace manual, paper-based systems currently used to manage these processes, and will provide reports on exceptions and CAPAs and results to the Nektar management. The system will be compliant with FDA 21 CFR Part 11 requirements for electronic records and information systems.

"We sought an automated solution for our exception management and CAPA process to support our growth objectives, while reducing the cost of compliance," said Ira Stoler, Vice President of Information Systems at Nektar Therapeutics. "After a thorough analysis of multiple vendors, we selected MetricStream. We felt that it not only supported our functional requirements, but its ease of integration with external systems, its flexible reporting capabilities, its ability to support other compliance initiatives with the same platform and its low cost-of-ownership were clearly superior to other alternatives."

"We are very excited that Nektar selected MetricStream to automate their cGMP compliance system and we look forward to working very closely with them to make the deployment a success," said Shellye Archambeau, CEO of MetricStream. "With this selection, MetricStream continues to be a vendor of choice for companies that are regulated by the FDA."

About MetricStream

MetricStream is a market leader in Enterprise-wide Quality and Compliance Management for global corporations. MetricStream solutions are used by leading corporations in diverse industries such as Automotive, Food, Pharmaceuticals, Manufacturing and Electronics to manage their quality processes, regulatory and industry-mandated compliance and corporate governance initiatives. Key MetricStream customers include Pfizer, Hitachi Computer Products (America), Aerojet Fine Chemicals, TaylorMade-Adidas Golf, Boston Market, Cannon-ITT Industries and Dolby Laboratories. MetricStream is headquartered in Redwood Shores, California and can be reached at www.metricstream.com

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