Veeva Completes Study Migrations to Veeva Vault EDC for Top Biopharma
Portfolio Pulse from Benzinga Newsdesk
Veeva Systems (NYSE:VEEV) has successfully migrated 25 ongoing clinical studies for a top 20 biopharma company to its Veeva Vault EDC platform from a legacy EDC application. This includes a large study with over 500 research sites and 7,000 patients. The biopharma now plans to use Vault EDC for all its current and future global trials, marking a significant achievement in the industry.

January 17, 2024 | 12:05 pm
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Veeva Systems has completed a significant migration of clinical studies to its Veeva Vault EDC, indicating strong product adoption and potential for increased future revenue from a top biopharma client.
The successful migration of 25 clinical studies to Veeva's platform demonstrates the company's capability and trust from a significant biopharma client. This is likely to be viewed positively by investors as it not only showcases the effectiveness and scalability of Veeva's solutions but also sets a precedent for future migrations by other companies. The announcement that the biopharma will use Vault EDC for all its trials globally suggests potential for recurring revenue and growth, which could positively impact Veeva's stock price in the short term.
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