Clinical study provider Biomedical Systems has formed a new collab with digital health company Foundry to be able to help pharma, biotech and CRO clients view trial data in real-time.
The two said in a joint statement that they will work on a cloud-based data management system that will allow sponsors "immediate access to clinical trial data" in real time.
"We've been a leader in the clinical trials industry for more than 40 years, and we continue to invest in technologies that improve data management capabilities for our clients," said Tim Barrett, CEO, Biomedical Systems.
"Our partnership with Foundry Health will result in a best-in-class data management solution, and we are dedicating significant resources to accelerate its availability."
Brock Heinz, CEO, Foundry Health, added: "The partnership with Biomedical Systems will provide clients a continuum of data management for all phases of study.
"Biomedical Systems will focus on applications in phases two through four, while Foundry Health will continue to service clients, concentrating on phase one. We believe the product we are developing together will ultimately transform the way data is managed and accessed within clinical trials."
Biomedical said the new system will be "phased in over time" but will eventually be made available to all of its clients. A timeline of this process, or financial details of the collab, were not given.
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