Clinical software firm Yonalink says it will use new funding to scale-up its electronic health records and electronic data capture system.
The Boston-based software firm raised $6 million last week in a funding round led by the Debiopharm Innovation Fund with participation from the European Union and eHealth Ventures.
The tech is designed to stream data from any clinical site’s EHR system and populate it within Yonalink’s EDC or other data capture systems. The system features built-in eConsent and ePRO, eCOA capabilities.
In addition to the technology expansion, Yonalink said the funding will also be used to increase use of the software platform by clinical trial sponsors and their clinical research organization (CRO) partners.
CEO Iddo Peleg said, “we’re excited to bring our technology to more clinical trials – beginning with the US, Europe, and Israel – to help fuel innovation in clinical development and accelerate the delivery of important new treatments to patients across disease states and therapeutic areas.”
The ability to connect with electronic health records is important for clinical trials according to Debiopharm innovation fund director, Vincent Lepreux.
“Real-world data from electronic health records has long been an untapped resource for clinical trials, one which could boost clinical trial efficiency, improve patient outcomes and, ultimately, make research data collection a by-product of routine clinical record keeping.
“We invested in Yonalink because we believe that the way clinical trials have been conducted in the past has to be radically disrupted. Yonalink’s data streaming technology drills into one of the clear inefficiencies in drug development – moving data from EHRs to EDCs. No one should be doing that manually anymore.”
eHealth Ventures partner, Ophir Shahaf, was equally enthusiastic about the potential of streaming data, suggesting Yonalink’s tech can help reduce the burden on research sites, lower trial costs, and enable efficiencies.
“While clinical trial data capture and management has evolved from paper to software, they are still labor-intensive and largely manual processes. Yonalink is changing the paradigm with a solution that provides true automation.”