Woven Data, Inc. has announced a Contracting & Pricing AI Assistant for pharmaceutical manufacturers, adding new AI-driven analysis tools to its platform. The company said the assistant is built into the Woven Data Platform and works within secure, cloud-based client instances.
In a statement released May 18, Sergei Krupenin, CEO of Woven Data, said the company’s managed services focus on structuring and annotating data for contract operations and statutory reporting. He said clients can now use AI capabilities to turn that data into business insights for financial planning and market access.
What the assistant can do
Woven Data said the assistant can answer ad hoc questions using transactional and master data, statutory calculations and contractual documents managed inside the platform. The company listed several example uses, including:
- answering questions about contract utilization by product or customer
- summarizing drug performance in a distribution channel and building projections from historical data
- explaining statutory calculations such as AMP, or Average Manufacturer Price, and ASP, or Average Sales Price
- finding terms in contract documents, including rebate rates and fee calculations
The assistant uses a modular set of AI agents with specialized skills, built on top of a frontier large language model, according to the company.
Platform integration and client setup
Woven Data said the assistant is deployed inside secure, cloud-based instances of its platform that are dedicated to each pharmaceutical manufacturer client. The company also pointed readers to a demo video on its website.
Woven Data says dozens of pharmaceutical manufacturers rely on its services for government pricing calculations, government and commercial rebate processing, business data analytics, and related support in areas such as financial planning and analysis, gross-to-net forecasting and market access.
The company, which says it was named one of Inc. 5000’s fastest-growing private companies in America, did not disclose pricing or a rollout timetable for the new assistant in the announcement.
For now, the main question is how quickly customers adopt the tool and how much value they can extract from it in day-to-day contracting, pricing and reporting work. Woven Data has positioned the assistant as an extension of its existing managed services, with its effectiveness likely to be measured by how well it helps pharma teams work with the data already in the platform.