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Medrio

SaaS platform for clinical trial management

Overview

Medrio provides cloud-based software for clinical trials, serving pharmaceutical, biotech, and CRO clients. Its platform streamlines activities from protocol design to submission of casebooks and includes Randomization and Trial Supply Management (RTSM) to efficiently randomize participants and control trial supplies. The RTSM capabilities cover configuring allocation rules, automating shipment approvals, and issuing issue alerts to improve supply-chain efficiency. The software is offered on a Software-as-a-Service (SaaS) basis, with subscription fees that scale by features and usage. Medrio differentiates itself through a user-friendly interface, a focus on enabling researchers to concentrate on science rather than technology, and a culture emphasizing inclusion, diversity, and a joyful work environment. The goal is to help life-sciences teams run clinical trials more smoothly, with reduced risk and steady, predictable software revenue to support growth.

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About Medrio

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

Industries

Enterprise SoftwareHealthcare

Company Size

51-200

Company Stage

Late Stage VC

Total Funding

$32M

Headquarters

San Francisco, CA

Founded

2005

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What believers are saying

  • November 3, 2026 CTMS launch proves product expansion beyond EDC.
  • Medrio reported 98% customer retention and thousands of trials across CROs.
  • March 2025 RTSM upgrades cut implementation time and boost self-service configurability.

What critics are saying

  • Early Adopter CTMS risks long validation cycles before early 2027 general availability.
  • Medrio still depends on legacy EDC while next-generation EDC slips into 2027.
  • Vendors like Veeva and Oracle can outspend Medrio; platform failure would commoditize the company.

What makes Medrio unique

  • Medrio’s one-architecture platform unifies CTMS, EDC, eTMF, and RTSM.
  • PharPoint Research joined because Medrio avoids expensive customizations and broken integrations.
  • Medrio targets small, scaling sponsors with live-study validation and no forced migrations.

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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

6 month growth

0%

1 year growth

-2%

2 year growth

-2%
PR Newswire
Nov 3rd, 2026
Medrio launches CTMS for small sponsors and CROs as first step to a connected trial platform

Medrio, a clinical trial technology company, has launched its new clinical trial management system (CTMS) for small and scaling sponsors and contract research organisations (CROs). It is available now through the Early Adopter Program, with general availability planned for early 2027. The CTMS is the first product on Medrio's new connected platform, which uses one architecture, one login, and one user experience. Customers are also testing Medrio eTMF and Medrio Site Payments, including in live studies. Medrio says emerging biotechs develop 72% of the US clinical pipeline, yet 33% of public US and European biotechs had less than a year of cash at the end of 2025, according to EY. The next generation of Medrio EDC is planned for early 2027. Existing customers need not migrate active studies.

Vialynx Inc
Nov 3rd, 2026
Medrio launches new CTMS as first step toward one connected clinical trial platform.

Medrio launches new CTMS as first step toward one connected clinical trial platform. Science · NOV 3, 2026 PR Newswire Medrio CTMS, built for small and scaling sponsors and CROs, is available now through the Early Adopter Program ahead of general availability in early 2027. SAN FRANCISCO, Nov. 3, 2026 /PRNewswire/ - Medrio, a clinical trial technology company, today announced the availability of its new Medrio CTMS through its Early Adopter Program. The company's clinical trial management system (CTMS) is built for small and scaling sponsors and contract research organizations (CROs). It is the first product built on Medrio's new connected clinical trial platform. How sponsors and CROs are shaping Medrio CTMS Medrio CTMS is being shaped by customers through the company's Early Adopter Program. Participating sponsors and CROs provide hands-on workflow feedback before general availability. PharPoint Research, a full-service CRO and Medrio customer since 2010, joined the program after two costly evaluations of other CTMS offerings over the past decade. Its team encountered expensive customizations, unresolved integration issues, and unanswered feature requests. PharPoint's clinical operations team has worked with Medrio's product team since the first design conversations, helping shape Medrio CTMS around real clinical workflows. "We never once heard 'that's not how our system works,'" said Jayme Swinson, Vice President of Operations at PharPoint Research. "To be part of development from the ground up was a breath of fresh air." "The result is a CTMS that fits our workflows instead of the other way around," said Maribeth Owings, Director of Clinical Operations at PharPoint Research. Why Medrio is building a natively connected clinical trial platform Emerging biotechs are developing 72% of the U.S. clinical pipeline and were behind 36 of the 54 novel drugs the FDA approved in 2024. Yet EY found that at the end of 2025, 33% of public U.S. and European biotechs had less than a year of cash on hand. The companies behind most new medicines cannot afford to waste time or money. Many still run trials on paper and spreadsheets or piece together technology one tool at a time. Sites can manage up to 22 systems per trial, and coordinators spend up to 12 hours a week re-entering data. Integrations between systems move data between tools; they do not create a connected experience for users. Medrio is taking a different approach. Instead of connecting separate tools after the fact, the company is building its new products on one architecture, with one login and one connected experience. Each product is designed with and validated by the people who will use it. Founder and CEO Mike Novotny created the company in 2005. His vision was that clinical trial software should be the easy button, not another burden. He returned as CEO in 2025 to finish that work. "Medrio exists because technology should never be what slows down science. It's why I came back," said Novotny. "Some of what makes a trial hard is necessary to protect the science and participants. But most of what makes a trial hard is inherited from technology that was never designed to fit together. Our customers are not asking us for another product. They are asking for one experience that keeps the rigor and gets rid of everything else." Early Adopters are validating more than Medrio CTMS Customers are using three new Medrio products through the Early Adopter Program, including in live studies, and their real-world feedback informs ongoing product development. Medrio CTMS is available at Level 3, while Medrio eTMF and Medrio Site Payments are available at Level 2. Each product will continue progressing through customer validation ahead of broader availability. The next generation of Medrio EDC is planned for release in early 2027. Medrio continues to support its existing products in parallel and does not require customers to migrate active studies. Learn more about Medrio CTMS and the Early Adopter Program at medrio.com/ctms. About Medrio Medrio is a clinical trial technology company built for small and scaling life sciences teams. Backed by more than 20 years of proven use across thousands of trials, Medrio delivers the clinical rigor and control lean teams need without enterprise overhead. The company's solutions span CTMS, EDC, eCOA/ePRO, eConsent, eTMF and RTSM, supporting research from early phase through post-market and everything in between. Founded in 2005, the company exists because technology should never slow down science. Learn more at www.medrio.com. SOURCE Medrio Published by News Desk · WeeklyReviewer The WeeklyReviewer news desk monitors breaking developments around the clock - sourcing, verifying, and publishing real-time industry news across business, technology, politics, science, sports, and world affairs. Every story that comes through the Live Wire is reviewed for accuracy before publication, keeping our readers ahead of the curve without the noise.

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.

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