
ETrials Worldwide
ETrials Worldwide a Morrisville, NC based provider of software for the clinical trial process.
Date | Investors | Amount | Round |
---|---|---|---|
investor investor investor | €0.0 | round | |
N/A | Acquisition | ||
Total Funding | 000k |
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ETrials Worldwide, Inc. operated as a specialized software and services company focused on the eClinical market. The company was situated in Morrisville, North Carolina, near the Research Triangle Park, a hub for pharmaceutical and biotech innovation. The firm provided a suite of web-based tools designed to digitize and manage the clinical trial process for a client base that included pharmaceutical companies, biotechnology firms, medical device manufacturers, and contract research organizations (CROs).
The company's core business revolved around a software-as-a-service (SaaS) platform that offered an integrated suite of eClinical solutions. This platform included tools for electronic data capture (EDC), electronic patient-reported outcomes (ePRO), and interactive voice and web response systems (IVR/IWR). These products were designed to manage the entire lifecycle of a clinical trial, from data collection and cleaning to integration and review, ultimately aiming to improve data quality and accelerate the timeline for bringing new drugs and devices to market. By 2009, eTrials had supported over 900 clinical trials across more than 60 countries.
In August 2005, eTrials announced a merger agreement with CEA Acquisition Corporation, a special purpose acquisition corporation (SPAC), in a transaction intended to take eTrials public and provide significant growth capital. This move was led by then-CEO John Cline, who articulated a strategy to use the funds for international expansion and the acquisition of complementary technologies. The company's focus remained on aligning its operations with its key customer segments: clinical trial sponsors and CROs. Ultimately, in 2009, eTrials was acquired by Bio-Imaging Technologies, Inc. (later known as BioClinica), which was itself subsequently involved in further industry consolidation.
Keywords: eClinical software, clinical trial management, electronic data capture, EDC, electronic patient-reported outcomes, ePRO, interactive voice response, IVR, contract research organization, CRO, pharmaceutical services, biotechnology support, medical device trials, SaaS platform, clinical data management, John Cline, Bio-Imaging Technologies, BioClinica, drug development process, clinical research solutions, trial optimization