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Science 37 Inc. (Culver City, Calif.) raised $31 million in a series B financing led by Redmile Group. Existing investors Lux Capital and dRx Capital also participated, as well as Sanofi Genzyme BioVentures.
The company is developing a decentralized approach for conducting clinical trials, which it says will allow sponsors to cut costs through streamlined studies. Using a cloud-based connection platform, Science 37 seeks to replace clinical trial locations with "metasites" that use telemedicine and doctor home visits to give patients access to trials.
Redmile's Rob Faulkner joined Science 37's board.
Original Article: Science 37 raises $31M in series BNEXT ARTICLE
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