Velocity to embed trial sites in Privia Health network
Trial site firm Velocity has teamed with “physician enablement” company Privia Health that will set it set up clinical research sites in the latter network.
The accord – financial details of which were not disclosed – will see the North Carolina-headquartered Velocity set up shop at existing Privia Care Center locations that do not currently conduct clinical trials.
The first site will be in West Texas Health, a clinic in Abilene, Texas located in a medical mall with specialty clinics.
Under the deal, Velocity will staff and operate the joint research sites, leveraging its management experience in clinical trial operations and patient recruitment.
Privia CEO Keith Fernandez said, “The partnership gives Velocity access to a large, integrated network of multi-specialty providers, which will expand its therapeutic base in specialty care and increase the number of physicians becoming Principal Investigators at a time when there is a chronic long-term decline in investigator numbers.
This was echoed by Velocity chief, Paul Evans, who framed the partnership as a coming together that would benefit both organizations.
“Velocity has the people and Privia has the coverage. By bringing professional management of clinical trials to specialty care, we are opening up research opportunities for more patients.
“Through an embedded model, Privia benefits from increased activity at their clinics and Velocity has the opportunity to move into new therapeutic areas. We expect to see more partnerships of this kind, as the clinical trials landscape matures and achieves the scale to work with established organizations.”
Formation of the partnership follows less than a year after Velocity acquired Meridian Clinical Research in a move designed to expand the firm’s presence in the specialty care market.
Meridian pioneered a site model that focused on establishing dedicated research facilities in clinical practices. Velocity said it will continue to expand on this model and leverage it through strategic partnerships.
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