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Clinical Trials | News, Analysis, Insights - HIT Consultant

National Cancer Institute Awards Medable $3.5M in Grants to Develop Digital Care Platforms

by Jasmine Pennic 04/17/2019 Leave a Comment

National Cancer Institute Awards Medable $3.5M in Grants to Develop Digital Platforms

The National Cancer Institute (NCI) has awarded Medable Inc. an end-to-end platform for digitally enabled and data-driven clinical trials two Fast-Track Small Business Innovation (SBIR) grants. The grants will provide up to $3.5 million in nondilutive research funding over the next several years to develop digital platforms to improve patient care. TogetherCare (Track Outcomes & Guidance, Technology for Health and Effective Resources) The first grant award provides funding to develop
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Medidata Launches New Life Sciences Company, Acorn AI

by Fred Pennic 04/11/2019 Leave a Comment

Life sciences digital transformation company Medidata, today announced the launch of Acorn AI, a new company designed to provide actionable insights across the entire drug continuum – from R&D to commercialization. In addition, the company has appointed Rama Kondru, Ph.D., as the chief information officer for Medidata and Acorn AI’s first CIO to lead the company’s enterprise data strategy, architecture and future platform development – all helping the company to accelerate the creation of
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The Cost of Medical Device Innovation: Can The U.S. Keep Pace?

by Fred Pennic 04/09/2019 Leave a Comment

The Cost of Medical Device Innovation: Can The U.S. Keep Pace?

Over the last six years, the U.S. Food and Drug Administration has approved a number of highly innovative medical devices that have revolutionized cardiovascular care. These novel devices have provided advanced treatment options, improved quality of life and extended longevity for patients. Unfortunately, reimbursement has often failed to keep up with many of increasingly expensive treatment options, according to a new report released by Vizient. The report, The cost of medical device
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Deep Lens Lands $14M to Scale AI-Driven Digital Pathology Platform

by Fred Pennic 04/08/2019 Leave a Comment

Digital Pathology Startup Deep Lens Nabs $14M to Expand AI Pathology Platform for Clinical Trial Recruitment

Deep Lens, Inc., a Columbus, OH-based AI-driven digital pathology company focused on clinical trial recruitment at the time of diagnosis has raised $14 million in Series A funding. The Series A round was led by Northpond Ventures with participation from existing investors Rev1 Ventures, Sierra Ventures, and Tamarind-Hill Partners. The funding comes months after Deep Lens emerged from stealth in October 2018 with a $3.2M seed round, which brings their funding to date total to $17.5
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Where’s the Evidence? Barriers to Analyzing Digital Health’s Impact

by Meridith Peratikos, Director of Enterprise Research, axialHealthcare 04/08/2019 Leave a Comment

Where’s the Evidence? Barriers to Analyzing Digital Health’s Impact

The digital health industry continues to grow at an unprecedented rate. In 2018, venture funding for digital health companies approached a record $8.1B in funding, according to Rock Health. These companies are striving to address important healthcare issues by developing products and service offerings in various categories like genome sequencing, analytics, telemedicine, mobile apps, and population health management tools—all with the promise of increased insights and patient engagement, and
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TriNetX Acquires European Clinical Data Network InSite

by Jasmine Pennic 04/02/2019 Leave a Comment

TriNetX Acquires European Clinical Data Network InSite

TriNetX, a global health research network that revolutionizes clinical research and enables discoveries through the generation of real-world evidence (RWE) has acquired Belgium-based Custodix NV and its InSite network. InSite network is a European-based provider of services for clinical trial design, patient feasibility, and enabling workflow for patient recruitment. Financial details of the acquisition were not disclosed. InSite Clinical Data Network Background The InSite platform is an
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6 Patient Influencers Redefining The Healthcare Landscape

by HITC Staff 04/02/2019 Leave a Comment

Patient Influencers

Most people are now familiar with social media influencers. They're the individuals who use their popularity to encourage followers to try clothing brands, food, makeup, and gadgets. As anyone who watched either of the two Fyre Festival documentaries now knows, they can be instrumental in getting people on board with things associated with disastrous consequences. There's a relatively new concept in the influencer world. It involves people known as patient influencers doing just as the name
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Virginia Tech Launches Clinical Trial for Rehabilitating Infant Stroke Victims

by Fred Pennic 03/26/2019 Leave a Comment

Virginia Tech Launches Clinical Trial for Rehabilitating Infant Stroke Victims

Virginia Tech, today announced the launch of the nation's first multicenter pediatric stroke recovery trial for researchers and clinicians from 12 sites across the United States will evaluate an innovative therapeutic approach to help 8-month-old to 24-month-old infants. Named The clinical trial is funded by a five-year, $13.5 million grant from the National Institute of Neurological Disorders and Stroke of the National Institutes of Health.  I-ACQUIRE Trial Overview Strokes are
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TriNetX Lands $40M to Expand Global Health Research Network

by Jasmine Pennic 03/15/2019 Leave a Comment

TriNetX Lands $40M to Expand Global Health Research Network

TriNetX, a Cambridge, MA-based global health research network that optimizes clinical research and enables discoveries through the creation of real-world evidence (RWE) has raised $40 million in Series D funding. The Series D funding round was led by Merck Global Health Innovation Fund (Merck GHIF) along with new investors Mitsui & Co., Ltd., ITOCHU Technology Ventures, ITOCHU Corporation, and existing investors MPM Capital, F2 Ventures, and Deerfield Management. To date, TriNetX has raised
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Northwell Health Adopts NLP Tech to Accelerate Patient Identification for Clinical Trials

by Jasmine Pennic 03/14/2019 Leave a Comment

Northwell Health Adopts NLP Tech to Accelerate Patient Identification for Clinical Trials

Northwell Health has implemented Clinithink's natural language processing (NLP) solution, CLiX ENRICH to reinvent the clinical trial feasibility model – enabling the rapid identification of potential patients for clinical trials that had simply been missed before. The solution has allowed Northwell to successfully identifying candidates for clinical trials in hours not months. Proof of Concept Study Details By quickly and efficiently processing existing unstructured patient data, sites are able
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