PhaCT-MI
PhaCT-MI is a 501(c)(6) nonprofit consortium that operates a centralized drug information portal aggregating over 3,000 product labels from 36+ member pharmaceutical companies for licensed healthcare professionals in the US and Puerto Rico.
- Company typePrivate
- Founded2017
- HeadquartersGainesville, United States
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What PhaCT-MI does
PhaCT-MI (legal name phactMI; DBA "The Pharma Collaboration for Transparent Medical Information") is a 501(c)(6) nonprofit consortium founded in 2017 and headquartered in Gainesville, Florida, with operations serving the United States and Puerto Rico. The organization provides a centralized drug information platform for licensed healthcare professionals, aggregating over 3,000 US-approved product labels and scientific response documents from 36+ member pharmaceutical companies (including AbbVie, Amgen, AstraZeneca, Pfizer, Merck, Novartis, BMS, Eli Lilly, J&J, Sanofi, Takeda, and Genentech) into a single search portal at phactmi.org.
The platform's core technology stack combines Elsevier's Entellect life sciences platform for semantic search with Datapharm powering Prescribing Information retrieval. Two service delivery modes are offered: a self-service search database for automated retrieval of product labels and scientific responses, and a human expert consultation service connecting HCPs to clinical experts within member MI departments. A member portal supports collaboration among member organizations' Medical Information professionals, and Code of Practice standards govern clinical expertise, scientific balance, and quality.
The business model is a member-funded subscription model with all activities reviewed and agreed upon by member companies per organizational by-laws. Services are provided to healthcare professionals at no direct charge; pricing is not publicly disclosed. Distribution is primarily direct-to-consumer through the self-service web portal, supplemented by email newsletters, social media presence, industry partnerships (ASHP Foundation, MAPS, MILE, ISMPP, Doximity), and Corporate Partners such as Indegene, Veeva, Eversana, and Pro Pharma Group. Leadership is led by CEO Jon Stelzmiller, appointed in January 2023 after 40 years in the pharmaceutical industry including senior roles at Pfizer, Bayer, and as President of Lupin Pharmaceuticals.
PhaCT-MI firmographics
Firmographics- Name
- PhaCT-MI
- Legal name
- phactMI
- Website
- https://phactmi.org
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- PhaCT-MI is a 501(c)(6) nonprofit consortium that operates a centralized drug information portal aggregating over 3,000 product labels from 36+ member pharmaceutical companies for licensed healthcare professionals in the US and Puerto Rico.
- Ownership category
- akta.pro rank
PhaCT-MI industry classification
Industry- Product category
- Medical Information Services
- NAICS
- Web Search Portals and All Other Information Services (51929)
- akta.pro primary industry
- Medical Information Services (MI Contact Centers) (HLAGALAE)
- akta.pro secondary industries
- Medical & Clinical Reference (Physicians, Nursing, Allied Health) (EDAGAGAA), KOL Engagement & Medical Education (Advisory Boards/CME Support) (HLAGALAM)
Keywords
Where PhaCT-MI is headquartered
LocationHeadquarters
- HQ city
- Gainesville
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
PhaCT-MI business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Operations, Personnel, Infrastructure, Marketing or Sales
Revenue model
- Member Organization Funding: phactMI is a not-for-profit 501(c)(6) organization funded by its member pharmaceutical company Medical Information departments. All activities are reviewed and agreed upon by member companies according to organizational by-laws.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
PhaCT-MI product offering
Product offeringCore offering
PhaCT-MI operates a self-service online search portal that consolidates Prescribing Information and Scientific Response Documents from 36+ pharmaceutical member companies into a single database covering 3,000+ U.S. product labels. Healthcare professionals access the portal free of charge to retrieve scientifically balanced drug information on interactions, stability/compatibility, and dosage/administration, with optional human expert consultation routed back to member-company Medical Information departments for complex inquiries.
Product overview
PhaCT-MI operates as a single unified platform offering drug information services to healthcare professionals. The core product is the Drug Information Database, which provides searchable access to over 3,000 product labels and drug information responses. The platform offers two service delivery modes: a self-search database for automated retrieval, and a human expert consultation service for complex inquiries. All services are powered by pharmaceutical industry Medical Information departments from member companies.
Differentiator
Problem solved
Functional benefit
Products and services
- Drug Information Search Portal (phactMI.org) Self-service web portal providing searchable access to over 3,000 U.S. approved product labels and Scientific Response Documents from 36+ pharmaceutical member companies, enabling healthcare professionals to make evidence-based clinical decisions on drug interactions, stability/compatibility, and dosing.
- Scientific Response Document Library Searchable library of Scientific Response Documents authored by Medical Information departments of pharmaceutical manufacturers, providing scientifically accurate, unbiased responses to HCP medical inquiries.
- Human Expert Consultation Service Expert consultation service connecting healthcare professionals with clinical experts within phactMI member companies' Medical Information departments for complex drug information inquiries that cannot be answered through self-service search.
- Member Portal Restricted member portal providing contact information and collaborative resources for Medical Information professionals at 36+ member pharmaceutical organizations to coordinate MI best practices and standards.
Quantifiable outcome
- Search over 3,000 product labels and drug information responses from pharmaceutical company Medical Information departments
- +1 more outcomes
Companies that use PhaCT-MI
Customer profileNamed customers18 records
Segments1 record
Ideal customer profiles2 records
PhaCT-MI technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature3 records
PhaCT-MI partnerships and signals
Strategic signalPartnerships
17 partnerships are on record, tiered core and minor.
- VeevacorephactMI and Veeva are working together to support digital-first Medical Information transformation across the industry, embracing digital transformation and leveraging technology and innovation to better meet HCP needs.
- ElseviercoreElsevier collaborated with phactMI to develop a new semantic search engine built on Elsevier's Entellect life sciences platform. The solution allows users to quickly access the latest approved medical documentation from 30 major pharmaceutical manufacturers and relevant FDA information.
- DatapharmcoreDatapharm powers the Prescribing Information search functionality on the phactMI platform, providing leading medicines information solution capabilities for healthcare professionals.
- ASHP FoundationminorASHP Foundation is a Bronze Member partner supporting phactMI's mission and vision to help shape the future of Medical Information.
- MILE (Medical Information Leaders in Europe)coreMILE is a Corporate Partnership collaborating with phactMI on standards and guidance for Medical Information functions across multiple geographies, including joint publication on Essential Elements of a Best-in-Class Medical Information Organization.
- PVN-MI (Medical Information Network)minorCorporate Partnership supporting the Medical Information Network's collaborative efforts.
- GTMR InstituteminorCorporate Partnership supporting the GTMR Institute's mission in medical information collaboration.
- MAPS (Medical Affairs Professional Society)coreMAPS has partnered with phactMI and MILE on joint publication of Essential Elements of a Best-in-Class Medical Information Organization standards and guidance.
- ISMPP (International Society for Medical Publication Professionals)minorISMPP partnered with phactMI focused on enhancing the value of scientific communications through collaboration of medical publication and medical information professionals, including hosting educational meetings.
- IPHOminorCorporate Partnership supporting medical information professionals.
- DoximityminorDoximity corporate partnership providing additional distribution channel for reaching healthcare professionals.
- ScimorphminorCorporate Partner organization supporting Medical Information functions.
- PPDminorCorporate Partner organization supporting Medical Information functions.
- NexentriaminorCorporate Partner organization supporting Medical Information functions.
- MedPro AvaylminorCorporate Partner organization supporting Medical Information functions.
- EversanaminorCorporate Partner organization supporting Medical Information functions.
- Pro Pharma GroupminorCorporate Partner organization supporting Medical Information functions.
Scale indicators2 records
Recent moves6 records
Expansion highlights5 records
PhaCT-MI competitors and assessment
Company assessmentBroad incumbents
- Veeva Systems: Dominant pharma cloud platform that has a 2023 strategic co-development partnership with phactMI around digital-first Medical Information. Veeva's MI Suite competes for the same pharma-IT budget as phactMI's ecosystem.
- Wolters Kluwer (Lexicomp / Medi-Span): Provides drug reference databases used by HCPs and pharma for clinical decision support. Comparable function to phactMI's database but commercial, subscription-based, and broader in scope (drug interactions, IV compatibility, etc.).
- First Databank (FDB): Provides drug knowledge and clinical decision support databases embedded in EHRs and pharmacy systems, giving HCPs MedInfo-style content — overlaps with phactMI's drug information delivery use case.
- Elsevier Clinical Solutions (ClinicalKey / Clinical Pharmacology): phactMI's technology partner (Entellect platform) and a major competitor via Clinical Pharmacology — a clinical drug reference sold to hospitals and clinicians that occupies a similar functional space.
- IBM Micromedex: Long-established evidence-based drug information and clinical decision-support suite sold to hospitals and HCPs — overlapping with phactMI's functional benefit of providing scientific drug information to clinicians.
Emerging players
- Indegene: A 2022 phactMI Corporate Partner and technology-led provider of medical affairs and medical information outsourcing services to pharma — adjacent commercial offering to phactMI's free MI search portal.
- DailyMed (NIH/NLM): Public-sector aggregator of FDA-approved drug labels (including those from phactMI's member companies) used widely by U.S. HCPs — the closest free, public alternative to phactMI's database.
Regional players
- ASHP (American Society of Health-System Pharmacists) – Drug Information: Publishes AHFS Drug Information and runs pharmacist-facing drug information services; collaborates with phactMI via the ASHP Foundation partnership and serves a U.S. HCP audience with comparable drug-reference content.
Direct peers
- Datapharm: Powers the Prescribing Information search on phactMI and operates the UK's 'Electronic Medicines Compendium' (emc) and related medicines-information services — a near-perfect parallel business model in a different geography.
- MILE (Medical Information Leaders in Europe): European MI industry consortium with a closely analogous mission (collaboration, standards, best-practice sharing among pharma MI leaders). It is phactMI's most natural peer and explicit co-publisher on best-in-class MI guidance.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
PhaCT-MI social profiles
Digital presencePhaCT-MI financial estimates
Financial estimateRevenue estimate
Valuation estimate
PhaCT-MI leadership team
Management profileNumber of profiles
Profiles1 record
PhaCT-MI funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
PhaCT-MI M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about PhaCT-MI
What does PhaCT-MI do?
PhaCT-MI operates a self-service online search portal that consolidates Prescribing Information and Scientific Response Documents from 36+ pharmaceutical member companies into a single database covering 3,000+ U.S. product labels. Healthcare professionals access the portal free of charge to retrieve scientifically balanced drug information on interactions, stability/compatibility, and dosage/administration, with optional human expert consultation routed back to member-company Medical Information departments for complex inquiries.
Is PhaCT-MI a public or private company?
PhaCT-MI is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was PhaCT-MI founded?
PhaCT-MI was founded in 2017. It employs 1 to 10 people.
Where is PhaCT-MI based?
PhaCT-MI is headquartered in Gainesville, United States, in the North America region.
How does PhaCT-MI make money?
One revenue line is on record: member Organization Funding.
Who are PhaCT-MI's main competitors?
Broad incumbents on record are Veeva Systems, Wolters Kluwer (Lexicomp / Medi-Span), First Databank (FDB), Elsevier Clinical Solutions (ClinicalKey / Clinical Pharmacology) and IBM Micromedex. Emerging players are Indegene and DailyMed (NIH/NLM). ASHP (American Society of Health-System Pharmacists) – Drug Information is listed as a regional player. Direct peers are Datapharm and MILE (Medical Information Leaders in Europe).
Does PhaCT-MI have an API?
No public API is recorded for PhaCT-MI.
What industry is PhaCT-MI in?
PhaCT-MI's product category is Medical Information Services. Its primary akta.pro industry code is HLAGALAE, Medical Information Services (MI Contact Centers), with a secondary code of EDAGAGAA, Medical & Clinical Reference (Physicians, Nursing, Allied Health). Its NAICS code is 51929.