
Caidya
Clinical research firm offering integrated clinical research services for biopharmaceutical and medical firms.
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* | $165m | Growth Equity VC | |
Total Funding | 000k |
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Caidya operates as a global contract research organization (CRO), providing comprehensive clinical development services to the biopharmaceutical and medical device sectors. The company was established in 2021 through the merger of two established CROs: Clinipace, founded in 2003, and dMed Global, founded in 2016. This strategic union created a mid-sized CRO with an extensive global footprint, particularly strengthening its presence in North America and the Asia-Pacific region, including China.
The formation of Caidya was driven by the leadership of the legacy companies. dMed was founded by Dr. Lingshi Tan, a former Pfizer executive who served as the General Manager of Pfizer's China R&D Center. His experience was pivotal in establishing dMed's expertise in navigating China's regulatory framework. Following the merger, Dr. Tan became the global CEO of the new entity, while Clinipace's CEO, Jason Monteleone, took on the role of Chief Business & Strategy Officer. The rebranding to Caidya occurred in 2022 to unify the merged companies under a single identity.
The firm's business model is centered on providing outsourced clinical trial services. This encompasses a broad spectrum of offerings, from pre-Investigational New Drug (IND) strategy and early-phase development through to late-stage clinical trials, regulatory submissions, and post-marketing surveillance. Caidya serves a diverse client base, including biotechnology, pharmaceutical, and medical device companies of varying sizes, from venture-backed startups to large-cap corporations. Revenue is generated by delivering these services through flexible and scalable models, which include standalone projects, full-service partnerships, and functional service provider (FSP) arrangements where Caidya manages specific functions like data management or biostatistics.
Caidya's service portfolio is comprehensive, covering clinical operations, study start-up, data management, biometrics, regulatory affairs, and medical writing. The organization possesses deep therapeutic expertise in high-demand areas such as oncology, rare diseases, cell and gene therapy, dermatology, and cardiology. A key aspect of its operational approach is the integration of technology to enhance trial transparency and efficiency. This includes the use of its proprietary platform, Clarity, which synthesizes data from various systems to provide a near real-time, holistic view of trial progress, facilitating data-driven decision-making for its clients. Caidya also integrates with industry-standard technologies like Medidata Rave and Veeva to meet specific study needs.
Keywords: contract research organization, CRO services, clinical development, biopharmaceutical services, medical device trials, regulatory strategy, clinical trial management, data management, biostatistics, oncology clinical trials, rare disease research, cell and gene therapy, Asia-Pacific clinical trials, China clinical trials, pre-IND strategy, post-marketing surveillance, functional service provider, FSP model, clinical data transparency, therapeutic expertise
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Investments by Caidya
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