Company:Science 37

From HandWiki
Science 37
TypePublic
NASDAQSNCE
IndustryClinical research
Founded2014
FoundersNoah Craft and Belinda Tan
Websitewww.science37.com

Science 37 is an American clinical research company that specializes in decentralized clinical trials.

History

Science 37 was founded in 2014[1] by Noah Craft and Belinda Tan, working out of LA BioMed at Harbor-UCLA Medical Center.[2] Their team developed the Network Oriented Research Assistant platform, also known as the NORA platform, which includes video chat, digital self-photography, data collection, and electronic consent. Together, these features were used to conduct “site-less” trials.[3] The platform also aided researchers in finding and contacting potential participants, and scheduling trial participants for in-home activities like questionnaires, mobile nurse visits,[4] and door-step study medicine delivery.[5]

Science 37 received its initial round of funding in 2015, with a $6.5 million investment, co-led by Lux Capital and dRx Capital.[6] In 2016 the company's second round of financing resulted in $31 million in funding, and a 2017 round of financing resulted in $29 million.[7][8] In March 2019, Science 37 secured $35 million in Series D funding; and announced a leadership transition with David Coman coming in as CEO in November 2019. In August 2020 Science 37 closed an oversubscribed Series D $40 million funding round led by Lux Capital, Redmile Group, and PPD, Inc. (other investors: Novartis, Amgen, Sanofi Ventures, GV, Glynn Capital, LifeSci Ventures, and Mubadala Ventures). In May 2021, Science 37 announced that they are to become publicly listed via merger with LifeSci Acquisition II Corp.[citation needed]

Partnerships

In 2015 Science 37 began working with Genentech in the recruitment of trial participants.[9] In 2017 Science 37 then completed a site-less trial for AOBiome Therapeutics. This was the first “interventional, randomized, placebo-controlled trial” to be completed virtually.[3] That year Science 37 also began planning site-less trials for Sanofi[10] and Otsuka Pharmaceutical.[11]

In 2018 the company partnered with Novartis to plan several site-less clinical trials. Novartis also owns 10% of Science 37 from an early-stage investment in the company.[12] Science 37 was already in the process of conducting trials with Novartis in acne, cluster headaches, and fatty liver disease.[2]

References

  1. "GV joins $29 million investment into Science 37 to bring clinical trials to the home". Venture Beat. 25 April 2017. https://venturebeat.com/2017/04/25/science-37-raises-29-million-to-bring-clinical-trials-to-the-home/. 
  2. 2.0 2.1 "Science 37, Novartis to Conduct Virtual Clinical Trials". Los Angeles Business Journal. http://labusinessjournal.com/news/2018/mar/07/science-37-novartis-conduct-virtual-clinical-trial/. 
  3. 3.0 3.1 "Science 37 concludes its first fully virtual clinical trial". Mobile Health News. 24 October 2017. http://www.mobihealthnews.com/content/science-37-concludes-its-first-fully-virtual-clinical-trial. 
  4. Landhuis, Esther (1 April 2018). "Outsourcing is in". Nature 556 (7700): 263–265. doi:10.1038/d41586-018-04163-8. PMID 29643487. Bibcode2018Natur.556..263L. 
  5. Herper, Matthew. "AI. Telemedicine. Quantum. New Novartis Boss Says Tech Will Finally Change The Drug Biz". Forbes. https://www.forbes.com/sites/matthewherper/2018/03/26/ai-telemedicine-quantum-new-novartis-boss-says-tech-will-finally-change-the-drug-biz/#342403e06b54. 
  6. "Novartis joint venture helps virtual trial CRO to $6.5m fundraising round". Outsourcing Pharmaceuticals. https://www.outsourcing-pharma.com/Article/2015/10/26/Novartis-JV-helps-virtual-trial-CRO-to-6.5m-fundraising-round. 
  7. "Science37 aims to democratize clinical research with a fresh $29 million in growth funding". TechCrunch. https://techcrunch.com/2017/04/25/science37-aims-to-democratize-clinical-research-with-a-fresh-29-million-in-growth-funding/. 
  8. "Novartis scaling 'site-less' trials through expanded Science 37 alliance". https://www.outsourcing-pharma.com/Article/2018/03/07/Novartis-scaling-site-less-trials-through-expanded-Science-37-alliance. 
  9. "Here's what clinical trial utopia may look like". MedCity News. https://medcitynews.com/2017/08/heres-clinical-trial-utopia-may-look-like/?rf=1. 
  10. "Sanofi launches new virtual trials offering with Science 37". FierceBiotech. https://www.fiercebiotech.com/cro/sanofi-launches-new-virtual-trials-offering-science-37. 
  11. "Otsuka works with Science 37 and more digital health deals". Mobile Health News. 8 December 2017. http://www.mobihealthnews.com/content/otsuka-works-science-37-and-more-digital-health-deals. 
  12. "Novartis joins forces with LA tech company Science 37 to launch virtual clinical trials". https://endpts.com/novartis-joins-forces-with-la-tech-company-science-37-to-launch-virtual-clinical-trials/.