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Life Sciences | News, Analysis, Insights


Life Sciences | News, Analysis, Insights - HIT Consultant
What You Should Know: - Qualio the trusted cloud quality management system software for the entire life sciences ecosystem announced their $50M Series B funding round led by Tiger Global. Menlo Ventures also joined this round, alongside the following current Qualio investors: Frontline Ventures, MHS Capital, Operator Partners, Sorenson Ventures, and Storm Ventures. - This latest round of funding will support Qualio’s efforts to expand accessibility of their electronic quality management
What You Should Know: - Thoma Bravo, a private equity investment firm focused on the software and technology-enabled services sector announced that it has reached an agreement to acquire Greenphire, a financial lifecycle management software for clinical trials, from The Riverside Company. Financial details were not disclosed for the pending transaction. - The acquisition, which is subject to customary regulatory approvals, i ....

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CVS Health announces new clinical trials services business


CVS Health is launching a new business aimed at facilitating and improving clinical trials.
In a statement, the Woonsocket, Rhode Island-based health care and retail pharmacy conglomerate said its new segment, dubbed “Clinical Trial Services,” will work with the biopharmaceutical industry to recruit potential patients and make clinical trials more accessible to more people.
Low levels of patient enrollment, diversity and engagement, coupled with inconvenient trial sites and challenging participating requirements, have traditionally limited the reach and effectiveness of clinical trials in the U.S., according to CVS Health Chief Medical Officer Troyen Brennan.
Less than 4% of the nation’s population takes part in clinical trials at all, and about 30% of participants drop out of studies before they are completed. The COVID-19 pandemic brought those deficiencies into sharper focus, Brennan said, and prompted the company to pursue a new model for testing medications ....

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