Our Innovation Analysts recently looked into emerging technologies and up-and-coming startups working on solutions for the pharma sector. As there is a large number of startups working on a wide variety of solutions, we want to share our insights with you. This time, we are taking a look at 5 promising pharma digitization startups.
Heat Map: 5 Top Pharma Digitization Solutions
Using our StartUs Insights Discovery Platform, covering 1.379.000+ startups & scaleups globally, we looked at innovation in the field of pharma. For this research, we identified 145 relevant solutions and picked 5 to showcase below. These companies are chosen based on a data-driven startup scouting approach, taking into account factors such as location, founding year, and relevance of technology, among others. Depending on your specific criteria, the top picks might look entirely different.
The Global Startup Heat Map below highlights 5 startups & scaleups developing innovative pharma digitization solutions. Moreover, the Heat Map reveals regions that observe a high startup activity and illustrates the geographic distribution of all 145 companies we analyzed for this specific topic.
Kemialytics – Digital Environment
Digitization impacts all operations within the pharmaceutical industry. Digitizing pharma industry data allows startups to automate their analyses, leading to faster time-to-market. Digitizing also opens up ways to manage and share highly detailed lab data, thereby improving reproducibility. Lastly, digitization solutions ensure strict adherence to protocols and clinical trials.
Kemialytics is a German startup that develops digital environments for startups in the pharma, biotech, and chemical industries. The Modular Platform Solution (MoPS) enables collaboration, communication, and management of laboratory environments throughout a company. The web-based solution digitizes all document types and creates a company-wide knowledge base. MoPS is a comprehensive workflow solution that enables transparency in method development, validation, and approval.
HealthMatch – Patient Recruitment
Often, researchers find it hard to find a diverse and large set of patients for clinical trials. Pharma companies struggle to recruit patients that meet all criteria within enrollment timelines. On the other hand, patients, particularly those suffering from rare or orphan diseases, find it hard to discover relevant clinical studies for promising interventions. Digitization of patient networks makes it easier for pharma startups and patients to find each other.
Australian startup HealthMatch is digitizing patient recruitment, enabling patients to find clinical trials in a faster and simpler manner. For the pharma startups, the startup provides access to greater patient populations, reduces recruitment times, makes eligibility screening robust, and simplifies trial placements. HealthMatch also optimizes protocol encoding and offers valuable insights into trial data. The solution is scalable to meet the need of biotechnology startups, as well as contract research organizations (CROs).
Leucine – Regulatory Compliance
The drug development process involves many regulatory checks to ensure the safety and efficacy of drugs. Digitization compliance checklists make the management of regulatory compliance more convenient for pharma startups and scaleups. Compliance checklists further lower incident rates and enable digital audit trails. It also provides access to large amounts of data which is otherwise hard to process manually.
Leucine is an Indian startup that provides regulatory compliance software. CLEEN is a risk-based proactive cleaning validation software that enables pharma companies to ensure validated cleaning procedures. The solution enables better product quality and compliance with the US-Food and Drug Administration (FDA) or the European Medicines Agency (EMA) regulations. Further, the digitization of the process enables companies to receive AI-based smart recommendations.
snapIoT – Clinical Trials
Clinical trials involve hundreds to thousands of participants and take several years to ensure that the results are relevant. However, patient adherence is a major concern, with a large number of patients dropping out. Digitization is driving innovation in patient-centric clinical trials that, as the term suggests, focus on the patients’ needs to encourage their commitment to the trials.
The US-based startup snapIoT develops a self-service clinical platform to create, launch, and manage clinical trials. snapClinical is a mobile clinical platform that services CROs and pharma startups. The platform is flexible, scalable, and compliant with the Health Insurance Portability and Accountability Act (HIPAA). Further, the solution uses gamification to increase patient retention and engagement in clinical trials.
Precision Digital Health – Real-World Evidence
In recent years, the pharma and healthcare industries have started taking real-world evidence (RWE) into account to offer better therapies. This includes data from a range of sources, including electronic health records (EHRs), prescriptions, patient and disease registries, and patient-generated data. As the pharma industry transitions to digitization, these sources are moving to the cloud, enabling the automated gathering of RWE.
Precision Digital Health is a US-based startup that offers digital health solutions. The startup develops SUMMA, a real-world evidence platform, that integrates data from large, disparate sources. The platform uses machine learning (ML) to study feasibility and integrate longitudinal treatment, as well as analyze clinical trials in real-time.
What About The Other 140 Solutions?
While we believe data is key to creating insights it can be easy to be overwhelmed by it. Our ambition is to create a comprehensive overview and provide actionable innovation intelligence and enable you to achieve your goals faster. The 5 pharma digitization solutions showcased above are promising examples out of 145 we analyzed for this article. To identify the most relevant solutions based on your specific criteria, get in touch.