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February 16, 2022

Velocity makes three tech invests to boost clinical trial engagement

In one investment, Velocity acquires TrierHealth, a secure platform that permits digital clinical trial execution.

Velocity Clinical Research has made three investments in technology to extend patient community, boost client engagement in trials, and expedite the development of therapies in its 30 integrated locations.

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The company randomised 25,000 subjects into Phase II and III clinical trials in the US in the last 12 months.

Investing in technology will aid Velocity to identify patients and enhance the participation frequency in trials.

Initially, Velocity collaborated with Advarra on a regulatory and compliance technology rollout. 

This partnership leverages Advarra’s Clinical Conductor Enterprise-level clinical trial management system (CTMS) integrated with eReg and eSource, for accessing more than 500,000 patients’ data in its national site network.

Under the second investment, Master Control will offer its Quality Management System (QMS). 

With the development, patients and sponsor partners of Velocity will profit from its improved expertise to back new innovations, enhance quality and compliance and facilitate improved site efficiency attained using automated quality processes. 

Furthermore, the company acquired a secure platform called TrierHealth that permits digital clinical trial execution.

The research and development (R&D) team of TrierHealth works in the Indian city of Hyderabad for developing patient-centred technology that leverages artificial intelligence and data science to boost clinical research. 

With the latest development, TrierHealth founder Raghu Punnamraju will join Velocity as chief technology officer.

Velocity Clinical Research chief executive and president Dr G Paul Evans said, “We’re building a global community of patients who are engaged, advocate for participation in clinical research, and actively take part in multiple studies. 

“Velocity is setting a new standard of integration for the research site industry to better recruit and retain patients into clinical research.”

In April last year, Global Healthcare Opportunities (GHO Capital) entered an agreement for the acquisition of Velocity Clinical Research.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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