The clinical trial industry is, once again, at an uncertain crossroads. And while it might be assumed that the outsized impact of the COVID-19 pandemic has resulted in the inability to recruit patients for trials, it is instead, a challenge generated, over time, by the industry itself. Thankfully, there is an opportunity to change course. It’s no secret that research studies and clinical trial sites struggle with recruitment. In fact, the National Institutes of Health (NIH) states
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Life Sciences | News, Analysis, Insights - HIT Consultant
Variantyx Secures $41.5M for Genetic Testing and Personalized Medicine
What You Should Know: - Variantyx, a technology-driven precision medicine company providing advanced genomic testing for the rare genetic disorders, reproductive health, and precision oncology markets, today announced they have secured $41.5M in C-2 funding led by New Era Capital Partners and includes Peregrine Ventures, Robert Bosch Venture Capital, 20/20 HealthCare Partners, and Pitango HealthTech. - Founded in 2014, the Variantyx proprietary whole genome sequencing and analysis
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Scopio Secures $50M for AI-Powered Peripheral Blood Smear App
What You Should Know: - Scopio Labs, provider of the world's first full-field digital cell morphology solution, today announced a $50M investment for its end-to-end hardware and software platform for digitizing, quantifying and analyzing hematology and other digital cytology samples. - The Series C round included OurCrowd, Aurum Ventures, Mizrahi-Tefahot Bank Invest and Ilex Medical, with the participation of strategic investors operating in the field and existing
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Medable Launches Decentralized Clinical Trials Partner Network
What You Should Know: - Medable Inc., a Palo Alto, CA-based provider for patient-centered clinical trials, today launched the Medable Partner Network – uniting a diverse ecosystem of technology, service, data, site, and direct-to-patient partners that work together to accelerate deployment of decentralized clinical trials. - The network includes new partnerships with Advanced Clinical, Cognizant, and CVS, and expanded relationships with Datavant, Oracle, Parexel, PPD, part of
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Lucira Health Secures $80M to Expand COVID-19 Test Kit
What You Should Know: - Lucira Health, Inc. (Nasdaq: LHDX), a medical technology company focused on the development and commercialization of transformative and innovative infectious disease test kits, today announced it has secured a debt facility of up to $80M with Hercules Capital, Inc. and Silicon Valley Bank. - Lucira's COVID-19 testing platform produces lab-quality molecular testing in a single-use, consumer-friendly, palm-size test kit powered by two AA batteries. The FDA EUA
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C2i Genomics, Twist Bioscience Partner to Develop Whole-Genome Cancer Reference Materials
What You Should Know: - Today, Twist Bioscience and cancer genomics startup C2i Genomics announced a partnership to develop whole-genome cancer reference materials. - This resource will provide diagnostic labs around the globe with the ability to better validate and monitor the quality of their whole-genome cancer screening and minimal residual disease (MRD) products for more accurate cancer detection. C2i to integrate Twist’s library preparation kits into minimal residual
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CVS Health Taps Medable to Bring Decentralized Clinical Trials to Pharmacies Nationwide
What You Should Know: - Medable and CVS Health announced a strategic collaboration that will make clinical research more accessible to patients of all demographics. Using Medable’s decentralized trial platform available to CVS Health’s thousands of community MinuteClinics nationwide, most people will be within just five minutes of a decentralized clinical trial research site – finally busting the longstanding barrier to research for millions of Americans - Where applicable, CVS Health will
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Medidata, Parexel Expands Partnership to Enhance Decentralized Clinical Trial Delivery
What You Should Know: - Medidata, a Dassault Systèmes company and Parexel, a global clinical research organization (CRO) focused on development and delivery of innovative new therapies to advance patient health extends their 15-year global strategic partnership. This extension includes gaining access to Medidata’s continued innovations in clinical trial technology solutions with its unified platform, support of decentralized clinical trials (DCTs), the myMedidata patient portal, Sensor
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UBC Partners with Seqster to Advance Patient-Centric Clinical Trials
- UBC, late-stage research and patient support services organization partners with Seqster PDM, Inc. ("Seqster"), a patient-centric healthcare technology company, to provide nationwide health record interoperability with patient engagement. - UBC will utilize the technology to enable clinical and observational research to transition from traditional site-based studies to decentralized clinical trials (DCTs). Seqster's turnkey white label solution facilitates the rapid move to a fully
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Science 37, physIQ Collaborate to Enhance Clinical Trial Data Collected from Connected Devices
What You Should Know: - Science 37, a leader in agile clinical trials, and physIQ Inc, a leader in digital medicine, announced their alliance to help researchers use remote biosensors and machine learning to build more robust data sets. - The partnership will help boost the number of digital biomarkers and generate insights from continuous data streams to indicate the safety and efficacy of new clinical treatments more quickly and objectively.
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