Clinical operations solution company Slope has raised $20m in a Series A funding round led by international venture capital firm New Enterprise Associates (NEA) to expedite go-to-market efforts and further progress into decentralised and direct-to-patient clinical trials.
The technology-powered infrastructure solution of Slope links ClinOps teams, research sites, contract research organisations (CROs), vendors, patients and labs, in real-time.
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This connection is facilitated through a 21 CFR Part 11 compliant software platform, obtaining clinical supply chain demand data at the patient level.
The data can be used along with research-oriented workflows for operational complexity coordination and automation.
Slope CEO and co-founder Rust Felix said: “Finding an investment partner with first-hand knowledge of the problems caused by the inefficiencies of current clinical trial supply chain management processes was a key success factor for us at Slope.
“With its expansive life sciences portfolio and deep domain expertise, NEA was at the top of our list.”
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By GlobalDataSlope’s solution tackles the operational setbacks and delays caused by manual, spreadsheet-powered clinical trial management processes.
Software-aided workflows steered by real-time supply chain data automatically organise thousands of logistical transactions that happen throughout the trial lifecycle while obtaining and recording significant metadata.
This guarantees a completely traceable chain of custody, irrespective of the trial design, for all therapies, devices, lab kits, samples and equipment as they move across a supply chain of the trial.
In 2018, the company unveiled its free inventory management solution for clinical research sites.
A solution was launched in 2019 for clinical trial sponsors and CROs that links clinical operations groups to operational data happening at the patient level.
This year, Slope launched a fulfilment centre in Richmond, Virginia, US, producing smart lab kits that aid in real-time inventory management.
