Medidata Solutions

Medidata Solutions

Cloud-based solutions for clinical trials

About

Medidata Solutions offers cloud-based solutions for managing clinical trials in the life sciences industry, serving pharmaceutical, biotech, and medical device companies, as well as academic institutions. Their main products include Rave EDC for electronic data capture, eCOA for electronic clinical outcome assessments, and ePRO for electronic patient-reported outcomes, all designed to enhance the efficiency and accuracy of clinical trials. Medidata differentiates itself from competitors by combining advanced technology with deep data insights, helping clients bring new treatments to market more quickly and cost-effectively. The company's goal is to improve patient outcomes through effective clinical trial management while promoting diversity and inclusion.

Company Stage

Acquired

Employees

1,001-5,000

Industries

Enterprise Software, Biotechnology, Healthcare

Total Funding

$21.7M

Headquarters

New York City, New York

Founded

1999


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Simplify's Take

What believers are saying

  • Medidata's AI solutions reduce trial timelines and improve data-driven decision-making.
  • Partnerships with Sanofi and Thermo Fisher enhance patient recruitment and site performance.
  • The Clinical Data Studio accelerates decision-making, reducing data review time by up to 80%.

What critics are saying

  • Complex AI models may challenge data interpretation and regulatory compliance.
  • Financial barriers could limit diversity and inclusivity in clinical trials.
  • Reliance on electronic systems poses data privacy and cybersecurity risks.

What makes Medidata Solutions unique

  • Medidata offers a unified platform for clinical trials, integrating diverse data sources.
  • Their Rave Companion accelerates data entry, making it 44 times faster than manual methods.
  • Medidata's Patient Payments solution addresses financial toxicity, enhancing patient experience.

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Benefits

Unlimited Paid Time Off

Health & Wellness

Professional Development

Work/Life Balance

Maternity & Paternity Leave

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