Company:Science 37
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| Type | Public |
|---|---|
| NASDAQ: SNCE | |
| Industry | Clinical research |
| Founded | 2014 |
| Founders | Noah Craft and Belinda Tan |
| Website | www |
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
- ↑ "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/.
- ↑ 2.0 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/.
- ↑ 3.0 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.
- ↑ Landhuis, Esther (1 April 2018). "Outsourcing is in". Nature 556 (7700): 263–265. doi:10.1038/d41586-018-04163-8. PMID 29643487. Bibcode: 2018Natur.556..263L.
- ↑ 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.
- ↑ "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.
- ↑ "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/.
- ↑ "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.
- ↑ "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.
- ↑ "Sanofi launches new virtual trials offering with Science 37". FierceBiotech. https://www.fiercebiotech.com/cro/sanofi-launches-new-virtual-trials-offering-science-37.
- ↑ "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.
- ↑ "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/.
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