Medrio

Medrio

Software solutions for clinical trials management

About Medrio

Simplify's Rating
Why Medrio is rated
B
Rated C on Competitive Edge
Rated A on Growth Potential
Rated B on Differentiation

Industries

Enterprise Software

Biotechnology

Healthcare

Company Size

51-200

Company Stage

Late Stage VC

Total Funding

$32M

Headquarters

New York City, New York

Founded

2005

Overview

Medrio offers software solutions for clinical trials, focusing on a cloud-based platform that simplifies processes like protocol design and casebook submission. Its key feature, the Randomization and Trial Supply Management (RTSM) tool, helps clients manage trial supplies efficiently while minimizing risks. Medrio stands out with its user-friendly interface, allowing researchers to focus on their work rather than technology. The company's goal is to enhance clinical research efficiency while promoting a positive and inclusive work culture.

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Simplify's Take

What believers are saying

  • Growing demand for decentralized trials boosts Medrio's eClinical solutions' relevance.
  • No-code platforms trend enhances Medrio's accessibility for non-technical users.
  • Partnerships with CROs can expand Medrio's market reach and influence.

What critics are saying

  • Emerging eClinical companies pose a threat with innovative, competitively priced solutions.
  • Rapid AI advancements may outpace Medrio's current technological capabilities.
  • Decentralized trial demands may strain Medrio's digital infrastructure and resources.

What makes Medrio unique

  • Medrio offers a no-code RTSM solution, reducing reliance on vendor support.
  • The platform's user-friendly interface allows researchers to focus on science, not technology.
  • Medrio's SOC 2 Type 2 certification ensures high data security and privacy standards.

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Funding

Total Funding

$32M

Above

Industry Average

Funded Over

2 Rounds

Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Gym Membership

Flexible Work Hours

Unlimited Paid Time Off

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

2%
Health Technology Insights
Mar 26th, 2025
Medrio Enhances RTSM For Faster Clinical Trial Starts and Greater Flexibility

Medrio, a global leader in clinical trial technology, announced enhancements to its randomization and trial supply management (RTSM) solution.

PR Newswire
Mar 26th, 2025
Medrio Enhances Rtsm For Faster Clinical Trial Starts And Greater Flexibility

SAN FRANCISCO, March 26, 2025 /PRNewswire/ -- Medrio, a global leader in clinical trial technology, today announced enhancements to its randomization and trial supply management (RTSM) solution. This latest release delivers faster implementation, greater flexibility, and enhanced self-service capabilities."Our customers need RTSM to be as agile as the trials they run," said Nicole Latimer, Chief Executive Officer at Medrio. "By expanding our configurability capabilities, we're allowing teams to build, test, and deploy Medrio RTSM in a fraction of the time of traditional systems without relying on extensive vendor support."The latest IRT Benchmarking & Market Dynamics (5th Ed.) report cites that 77% of clinical trials now require moderate to high-complexity RTSM builds. This finding highlights the need for flexible and configurable RTSM systems. Designed in collaboration with customers, Medrio RTSM eliminates the barriers and complexity of traditional vendor-dependent setups. With no-code configurability, sponsors and CROs can build and deploy in weeks, not months."The Medrio RTSM build team has been great to work with, showing knowledge, professionalism, flexibility, and the ability to meet study timelines," said Kenneth Homer, Director of Biostatistics and Programming at Homer Biometrics, LLC

Fierce Biotech
May 21st, 2024
Phastar links up with Beaconcure to improve clinical review processes

London-based Phastar has previously partnered with Medrio, a decentralized clinical trial technology company, on a tool for data visualization.

Business Wire
Mar 28th, 2024
Compsych Corporation Announces 2023 Health At Work Award Winners

CHICAGO--(BUSINESS WIRE)--ComPsych® Corporation, the world’s largest provider of mental health services and GuidanceResources® for life, today announced the honorees of the 2023 Health at Work Awards. Now in its 19th year, the ComPsych Health at Work Awards recognize organizations across a variety of sizes, industries and locations who have prioritized the health and well-being of their employees by providing innovative, multi-platform programs. “We’re thrilled to honor these stellar organizations for the investment they’ve made in building cultures that value employee mental health and wellness,” said Dr. Richard A. Chaifetz, Founder, Chairman and CEO of ComPsych. “In recent years we’ve seen a rise in anxiety as well as people needing to take leaves of absence due to mental health challenges across the workforce

PRWeb
Aug 22nd, 2022
Medrio Completes Successful Type 2 System And Organization Controls...

AICPA SOC badge “Assuring the safety and security of our customers’ data, as they navigate FDA or EMA approval, is our highest priority, so we are thrilled when industry leading assessments - whether it be SOC 2, ISO 27001, or ISO 9001:2015 - attest to our daily practices and rigor.” said Fred Martin, COO. Medrio, a global leader in eClinical software and services used in decentralized, hybrid, and traditional clinical trials, has successfully completed a System and Organization Controls (SOC) 2 Type 2 examination. The independent third-party report attests to the controls at Medrio regarding the security, availability, and confidentiality of its eClinical technology and solutions

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