Global healthcare data technology company, Prospection, and leading Asia-Pacific biotech specialist CRO, Novotech Health Holdings, announce an strategic partnership to combine the power of real world evidence and clinical trials to get medicines to patients faster.  The partnership includes an investment by Novotech in Prospection.

Under the partnership, Prospection will become a technology partner of Novotech, providing its proprietary real world data analytics to support clinical trial feasibility assessment, execution and recruitment in the Asia-Pacific region.

“Real world evidence has reached a value inflection point becoming broadly accepted and increasingly utilised by regulatory authorities, as we’ve seen with its application to help manage COVID-19. The combination of our real world data analytics with Novotech’s clinical development expertise and footprint across the Asia-Pacific region brings together two nimble companies focused on generating evidence to support healthcare innovation and ultimately improve health outcomes for patients,” said CEO Eric Chung.

“By making an investment in Prospection and entering into this partnership, Novotech will add best-in-class data and analytics capabilities to our existing region leading biotech-focused suite of services for our clients,” said Novotech CEO Dr John Moller. 

“Driven by Prospection’s data analytics, our clients would benefit from more accurate patient identification, faster patient recruitment, compressed trial timelines and analytics capabilities to power real world clinical trials,” he added.

Prospection uses advanced analytics and AI algorithms to follow millions of patients over time to search for patterns in their health and the effectiveness of therapeutic journeys which can be harnessed in phase 4 studies. It can produce real world evidence in weeks that would have otherwise taken years to collect and analyse in a clinical trial.

Equally important, the partnership will help speed up trial design and feasibility as well as patient recruitment into trials. Patient recruitment can be one of the biggest hurdles in developing medicines, particularly in complex trials or when looking for patients within disease sub-segments or with rare diseases. 

Prospection’s analytics technology ingests de-identified patient data from varied sources, including healthcare providers and health records. This enables it to geolocate trial investigators or study sites with patients meeting the study criteria, thereby identifying locations for high recruitment potential. 

As part of the partnership, Novotech has made a minority equity investment in Prospection. This follows Prospection’s $45m Series B round in September 2021. 

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노보텍은 글로벌 full-service CRO이자 임상 과학 자문 기업으로서 모든 임상 단계에서 바이오텍 및 제약회사의 신뢰받는 파트너로 자리매김하고 있습니다.  

아시아 태평양, 북미, 유럽 전역에 걸쳐 30개 이상의 지사와 5,000개 이상의 임상시험기관 파트너십을 보유하고 있으며, 다양한 환자 집단에 대한 최적의 접근성을 바탕으로 삶을 변화시키는 치료제의 성공적인 시장 진입을 지원하고 있습니다.  

고객 중심 서비스 모델을 통해 노보텍은 인재, 프로세스, 기술을 유기적으로 통합하여 혁신적인 치료제를 보다 신속하게 시장에 도입하는 데 기여하고 있습니다. 또한, 진정한 파트너십 접근 방식을 바탕으로 고객의 성공, 혁신 역량 강화 그리고 전 세계 의료 발전을 향한 노보텍의 확고한 의지를 실천하고 있습니다.  

노보텍은 19년 연속 Frost & Sullivan의 ‘Global Biotech CRO Award’를 비롯한 다수의 글로벌 어워드를 수상하며, 임상시험 운영 및 혁신 역량의 우수성을 공식적으로 인정받고 있습니다. 심층적인 치료 및 규제 전문성, 현지 시장에 대한 인사이트를 바탕으로 노보텍은 임상시험의 전반적인 효율성을 향상, 데이터 분석의 최적화 그리고 정밀한 환자 모집 전략 수립을 통해 고품질의 임상시험 운영을 실현하고 있습니다. 

노보텍은 과학적 진보를 바탕으로, 글로벌 건강을 개선하는 혁신 치료제 개발을 실현하는 것을 사명으로 삼고 있으며, 앞으로도 바이오텍 및 제약회사의 성공적인 임상 개발 여정을 함께할 것입니다. 

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