February 13, 2024- PINC AI™ Applied Sciences (PAS) and Datavant, the company that protects, connects and delivers the world’s health data, announced the companies are expanding their existing collaboration to help shape the future of healthcare research, advance clinical trial operations, and increase trial diversity and equity – aiming to accelerate the development of novel therapies and products for improved patient outcomes.
The organizations have been working together since September 2022 to compliantly link real-world data to deliver meaningful insights that improve the quality of patient care. Through this new and expanded effort, PAS will leverage Datavant’s trial tokenization solution and data connectivity platform to link clinical trial data and PAS real-world data and generate real-world evidence that propels clinical research innovation. This will provide deeper insights into the benefits and risks of medical interventions in real-world settings within and beyond the controlled environments of clinical trials.
Robust real-world evidence is becoming increasingly important for pharma and medical device development. As an example, with the passage of the Inflation Reduction Act (IRA) in August 2022, real-world evidence is serving as an important tool for life sciences and medical device companies striving to demonstrate the value and comparative effectiveness of their products and help patients get access to the therapies and interventions they need faster.