ProPharma Group , the world’s largest Research Consulting Organization (RCO) and a portfolio company of Odyssey Investment Partners, and H1, a leading healthcare intelligence and analytics provider, announced a strategic partnership to optimize research and development with AI, data-driven insights and analytics.
“This collaboration represents a new era of drug development, where real-world data and advanced analytics play a crucial role in guiding research and development efforts,” said Ariel Katz, CEO of H1.
As the leading global provider of regulatory, clinical and compliance services for the life sciences industry, the collaboration combines ProPharma’s global R&D capabilities with H1’s robust, real-world data platforms and analytics. With access to real world data covering over 240m patient lives, the partnership with H1 is a critical enabler of ProPharma’s newly introduced RCO model to provide drug and device innovators valuable insights throughout the entire product lifecycle.
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Michael Stomberg, ProPharma’s Chief Executive Officer, said: “We are excited to join forces with H1, as this partnership will enable us to bolster our ability to provide data-driven insights to accelerate drug development, reduce costs for our clients, and deliver life-changing therapies to patients in need. By continuing to invest in building the world’s largest RCO and combining our deep domain expertise with H1’s data analytics capabilities, we are poised to make a significant impact in the pharmaceutical industry.”
Ariel Katz, CEO of H1 said: “This collaboration represents a new era of drug development, where real-world data and advanced analytics play a crucial role in guiding research and development efforts. We are confident that our partnership with ProPharma will lead to the discovery and development of innovative therapies that will transform patients’ lives.”
AI has proven to be an incredibly powerful tool in the pharmaceutical industry, and both ProPharma and H1 are committed to leveraging this technology to process data faster, decrease the time needed in the development process and discover new ways to ensure safety, measure results, and optimize for future application. ProPharma’s partnership with H1 will produce a first-in-industry artificial intelligence-enabled solution to accelerate and enrich decision-making throughout a program’s lifecycle.
SOURCE: PRWeb