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 prioritize their work over technology. The company's goal is to enhance clinical trial efficiency 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

  • Integration of AI in clinical trials enhances Medrio's data analysis capabilities.
  • Decentralized clinical trials align with Medrio's remote data collection tools.
  • Growing demand for real-time data access boosts Medrio's platform enhancements.

What critics are saying

  • Emerging eClinical software providers may erode Medrio's market share.
  • Rapid AI advancements could outpace Medrio's current technological capabilities.
  • Stringent data privacy regulations pose compliance challenges for Medrio's platform.

What makes Medrio unique

  • Medrio offers a user-friendly interface focusing on science over technology.
  • The company provides advanced RTSM tools for efficient trial supply management.
  • Medrio's SaaS model ensures 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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