Medrio

Medrio

Software solutions for clinical trials management

About

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 improve the clinical trial process through effective software while promoting a positive and inclusive work culture.

Company Stage

Late Stage VC

Employees

51-200

Industries

Enterprise Software, Biotechnology, Healthcare

Total Funding

$31.1M

Headquarters

New York City, New York

Founded

2005


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Simplify's Take

What believers are saying

  • Increased adoption of DCTs drives demand for Medrio's remote data management solutions.
  • AI integration in clinical trials offers opportunities for Medrio to enhance its platform.
  • Expansion in emerging markets creates opportunities for Medrio's scalable solutions.

What critics are saying

  • Emerging eClinical software providers threaten Medrio's market share with competitive pricing.
  • Rapid AI advancements could outpace Medrio's current technological capabilities.
  • Stringent data privacy regulations may increase compliance costs for Medrio.

What makes Medrio unique

  • Medrio offers advanced EDC and eClinical tools for complex clinical trials.
  • The platform is user-friendly, allowing researchers to focus on science, not technology.
  • Medrio's SaaS model provides a steady revenue stream through subscription fees.

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Growth & Insights
Headcount

6 month growth

-3%

1 year growth

-8%

2 year growth

-12%

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