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Reify Health

Reify Health

Software platform for clinical trial enrollment

About

Reify Health focuses on improving the clinical trial process, specifically in the area of patient recruitment and enrollment. Its main product, StudyTeam, is a software platform that helps pharmaceutical companies, biotech firms, and contract research organizations (CROs) manage and speed up the enrollment of patients in clinical trials. The platform provides real-time access to data related to pre-screening and enrollment, allowing sponsors to adjust their strategies and timelines proactively. This feature enhances visibility and control, making the enrollment process more predictable and efficient. Unlike many competitors, Reify Health operates on a subscription-based software-as-a-service (SaaS) model, which provides a steady revenue stream while delivering significant value by reducing the time and costs associated with patient enrollment. The goal of Reify Health is to streamline clinical trial processes, ultimately contributing to the development of new treatments.

Company Stage

Series D

Employees

51-200

Industries

Enterprise Software, Biotechnology, Healthcare

Total Funding

$481.7M

Headquarters

N/A

Founded

2012


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Simplify's Take

What believers are saying

  • Reify Health's significant funding rounds, including a $220M Series D, highlight strong investor confidence and provide ample resources for growth and innovation.
  • The company's initiatives to improve diversity in clinical trials can lead to more comprehensive and representative research outcomes, enhancing its reputation and impact.
  • StudyTeam's ability to streamline and optimize patient enrollment can significantly reduce the time and cost of clinical trials, offering substantial value to clients.

What critics are saying

  • The departure of key personnel, such as the director of engineering, could disrupt ongoing projects and innovation efforts.
  • The reliance on continuous funding to sustain growth and development may pose risks if future investment rounds do not meet expectations.

What makes Reify Health unique

  • Reify Health's StudyTeam platform specifically targets the critical bottleneck of patient recruitment and enrollment in clinical trials, unlike broader clinical trial management solutions.
  • The platform's real-time access to pre-screening and enrollment data allows for proactive adjustments, providing a level of control and predictability that is unique in the market.
  • Reify Health's focus on diversity and inclusion in clinical trials, as evidenced by their BRIDGE initiative, sets them apart in addressing underrepresented groups.

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Growth & Insights
Headcount

6 month growth

-1%

1 year growth

-3%

2 year growth

-36%

Benefits

Comprehensive health and wellness

Generous parental leave

Flexible paid time off

401(k) company match

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