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Redwood Shores, Calif. and New York - Aug 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, the independent market leader in enterprise and cloud applications for Governance, Risk, Compliance (GRC) and Quality Management, makes GRC simple. MetricStream apps improve business performance by strengthening risk management, corporate governance, regulatory compliance, vendor governance, and quality management for hundreds of thousands of users in dozens of industries, including Financial Services, Healthcare, Life Sciences, Energy and Utilities, Food, Retail, CPG, Government, Hi-Tech and Manufacturing. MetricStream is headquartered in Palo Alto, California, with an operations and R&D center in Bangalore, India, and sales and operations support in 12 other cities globally. (www.metricstream.com).

Press contact

Sonia Sharma : pr@metricstream.com | India: +91 98450-19197

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