AstraZeneca Launches Evinova, A Health-Tech Business To Accelerate Innovation Across The Life Sciences Sector, The Delivery Of Clinical Trials And Better Health Outcomes
Portfolio Pulse from Benzinga Newsdesk
AstraZeneca has launched Evinova, a health-tech business aimed at accelerating innovation in life sciences, optimizing clinical trial design, and improving health outcomes. Evinova will operate within AstraZeneca, leveraging digital health solutions that are evidence-led and science-based. The company has established strategic collaborations with CROs Parexel and Fortrea, and is working with Accenture and Amazon Web Services to expand its digital products' reach. Evinova's solutions include a unified trial solution, study design and planning, and portfolio management. The digital health market is expected to grow significantly, and Evinova's solutions are designed to reduce healthcare costs and enhance patient experiences.
November 20, 2023 | 1:27 pm
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POSITIVE IMPACT
AstraZeneca's launch of Evinova could enhance its position in the digital health market and potentially streamline clinical trials, leading to cost savings and faster drug development. Strategic partnerships with Parexel, Fortrea, Accenture, and AWS may strengthen its market reach and innovation capabilities.
The creation of Evinova is a strategic move that positions AstraZeneca at the forefront of digital health innovation. The partnerships with leading CROs and tech companies suggest a strong commitment to this initiative, which could lead to improved efficiency in clinical trials and a competitive edge in the market. This is likely to be viewed positively by investors, potentially leading to a short-term positive impact on AstraZeneca's stock price.
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