Strong Market Position DrugDev operates within the growing clinical trial solutions market, leveraging its cloud-based platform and extensive investigator network to offer comprehensive site management and trial optimization services, making it an attractive partner for sponsors seeking innovative trial technology.
Recent Growth & Expansion Having secured $50 million in funding prior to its acquisition by IQVIA in 2017, DrugDev has demonstrated strong financial backing and growth momentum, positioning it favorably for further integration and adoption of its unified solutions across the pharmaceutical research sector.
Technology Innovation DrugDev’s launch of DrugDev Spark and its integration of solutions like eConsent reflect a focus on cutting-edge, scalable technology, which can drive efficiency and compliance in clinical operations, opening opportunities to upgrade or replace legacy systems among existing clients.
Partnership & Collaborations Strategic collaborations with companies like Novartis and industry organizations such as CISCRP and SCRS highlight DrugDev’s active engagement in expanding its market presence and influence, creating opportunities for joint ventures or expanded service offerings to large sponsors.
Competitive Advantage With a robust network of investigators and proven cloud-based tools for site selection, startup, and payments, DrugDev offers a uniquely integrated platform that can be bundled with other clinical solutions to meet the comprehensive needs of pharmaceutical companies and CROs.