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Science 37 Holdings Inc - SNCE STOCK NEWS

Welcome to our dedicated page for Science 37 Holdings news (Ticker: SNCE), a resource for investors and traders seeking the latest updates and insights on Science 37 Holdings stock.

Overview

Science 37 Holdings Inc is a pioneering company in clinical research that integrates advanced telemedicine and innovative patient-centric methodologies to transform how clinical trials are conducted. Leveraging a comprehensive, decentralized approach to clinical research, the company redefines traditional models by employing a proprietary technology platform designed to accelerate biomedical discovery and improve patient enrollment efficiency.

Business Model and Core Operations

The company operates on a unique end-to-end networked clinical trial model that supports investigators, inventors, and pharmaceutical as well as biotech companies in achieving their clinical trial goals. Science 37 combines state-of-the-art telemedicine technology with its proprietary Metasite™ platform to deliver a fully integrated system that streamlines the patient recruitment, screening, and enrollment process. By extending clinical trial accessibility beyond traditional brick-and-mortar sites, Science 37 is able to reach diverse and geographically distributed patient populations, ensuring rigorous qualification of candidates through centralized digital consents and comprehensive data acquisition.

Technology and Innovation

At its core, Science 37 employs advanced digital tools and design-thinking principles to overcome the limitations of conventional clinical trial models. The company’s innovative use of telemedicine allows remote patient monitoring, e-consenting, and digital data collection, which are essential for modern decentralized clinical trials. Their Metasite™ platform is patent-protected and centralizes patient recruitment, reviews full medical records, and facilitates virtual patient consent, all while ensuring high standards of quality and standardized workflows. This approach not only accelerates clinical research timelines but also substantially reduces the operational burden on traditional trial sites.

Industry Position and Operational Excellence

Science 37 holds a distinctive position in the clinical research landscape by applying an integrated digital model that resonates with contemporary market demands. The company partners closely with national mobile nursing companies, pharmacy chains, patient advocacy groups, and leading telemedicine firms. These partnerships underpin a robust, scalable infrastructure that efficiently manages the complexities of patient enrollment and clinical trial oversight. Furthermore, their operational model emphasizes rigorous quality assurance and regulatory compliance, as evidenced by successful independent inspections and standardized quality control measures. This has established their reputation as a trusted platform for delivering audit-ready, high-quality research data.

Expertise, Experience, and Collaborative Networks

Science 37 benefits from a strong network of in-house medical experts and operational professionals who bring decades of experience in clinical research. Working in collaboration with top-tier physician-scientists and renowned telemedicine entities, the company embodies the principles of Expertise, Experience, Authoritativeness, and Trustworthiness (E-E-A-T). Their expansive collaborative framework is designed to harness interdisciplinary insights, ensuring the highest standards in clinical trial orchestration, patient engagement, and data integrity.

Patient-Centric Approach and Decentralized Trial Models

The hallmark of Science 37’s approach is its unwavering commitment to patient-centric innovation. The decentralized clinical trial model allows patients to participate in studies from the comfort of their homes, thereby reducing the logistical and physical burdens often associated with trial participation. This patient-friendly approach not only widens the pool of potential study participants but also enhances the quality of data collection and study consistency. The streamlined virtual site model fosters efficient patient care, robust follow-up processes, and comprehensive support, making clinical trials more accessible and manageable for all stakeholders involved.

Operational Advantages and Industry Impact

By integrating a comprehensive suite of digital solutions, Science 37 addresses common inefficiencies in traditional clinical research. Their model minimizes redundant efforts and reduces the time required to transition from patient referral to trial enrollment. Moreover, the centralized management of patient data and remote execution of clinical trial procedures have helped set new operational benchmarks in the industry. This model is particularly advantageous for studies dealing with rare or geographically dispersed patient populations, ensuring that trials are not impeded by logistical challenges. The emphasis on standardized workflows and technologically driven solutions positions Science 37 as a significant enabler in modern clinical research methodologies.

Regulatory Compliance and Quality Assurance

Quality, compliance, and regulatory rigor are integral to Science 37’s operations. The company’s quality assurance teams work diligently to maintain audit-ready documentation and adhere to stringent quality standards. Their commitment to regulatory compliance is evidenced by detailed internal processes and proactive measures that ensure every stage of the clinical trial is aligned with applicable industry regulations. This disciplined approach has garnered positive feedback from regulatory bodies and reinforces their credibility as a trusted partner in clinical research.

Conclusion

Science 37 Holdings Inc exemplifies a forward-thinking approach to clinical research by merging technological innovation with a patient-centric focus. By dismantling traditional barriers to trial participation and embedding quality into every operational facet, the company stands out as a transformative force in the healthcare technology landscape. Whether through its advanced recruitment strategies, decentralized trial models, or robust quality frameworks, Science 37 consistently demonstrates its ability to deliver high-quality, efficient, and compliant clinical research solutions.

Rhea-AI Summary

Science 37 Holdings, Inc. has been awarded the 'Clinical Efficiency Innovation Award' in the 8th annual MedTech Breakthrough Awards program for its transformative patient recruitment solution. The company's AI-powered patient screening capabilities and nationwide medical licensure have revolutionized the conventional recruitment methods, resulting in improved patient experience, increased randomization rates, and better site satisfaction.

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Science 37 Holdings, Inc. announced its partnership with a leading biotech company for a Phase 3 asthma clinical trial, achieving 22x faster enrollment compared to traditional methods. Science 37 contributed 28% of study participants over 15 months, enrolling an average of 44 patients monthly, while brick-and-mortar sites enrolled only 2. The company's innovative approach significantly reduced the study's time-to-target enrollment, showcasing its effectiveness in accelerating clinical research.

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Science 37 Holdings, Inc. launches a Patient Recruitment Solution to provide fully consented patients to sites, leveraging its Metasite™ technology. The new solution aims to accelerate enrollment, reduce site burden, and improve efficiency in patient recruitment.
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eMed, LLC successfully completed the tender offer for Science 37 Holdings, Inc. shares at $5.75 per share, acquiring approximately 77.8% of outstanding shares. The acquisition will be finalized through a merger, with each share converted to $5.75 in cash.
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eMed, LLC initiates a cash tender offer to acquire Science 37 Holdings, Inc. at $5.75 per share, following a Merger Agreement. The Offer expires on March 11, 2024, with no financing condition. Saratoga Proxy Consulting LLC and Continental Stock Transfer & Trust Company are involved in the transaction.
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Science 37 Holdings, Inc. has entered into a definitive merger agreement with eMed, LLC, valued at an equity value of approximately $38 million. The transaction, structured as an all-cash tender offer, will see Science 37 stockholders receiving $5.75 per share. The acquisition is expected to enhance Science 37's ability to access unique patients and enroll studies faster, bringing significant resources for long-term sustainability. The transaction is subject to the tender of a majority of Science 37's outstanding shares of common stock and other customary closing conditions. Upon completion, Science 37 will become a privately held company and shares of Science 37 common stock will no longer be listed on any public market. Additionally, Science 37 provided a business update, with gross bookings of $22.3 million and $102.0 million for the quarter and full year ended December 31, 2023, respectively. Revenue for the full year is expected to be within the most recently issued guidance of $58 to $59 million, and Adjusted EBITDA for the full year is expected to be better than the most recently issued guidance of ($32.5) million.
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Science 37 Holdings, Inc. (SNCE) has been recognized as a Leader in the Decentralized Clinical Trials (DCT) PEAK Matrix® Assessment by the Everest Group for the third consecutive year. Science 37 is the only clinical trial site to achieve this recognition, enabling sponsors to access unreachable patients through traditional site networks. With leading telemedicine investigators, mobile nurses, and patient communities, Science 37 allows patients to participate from home, facilitating faster enrollment and reaching diverse patient populations.
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Science 37 Holdings, Inc. (SNCE) announced the granting of inducement equity awards under the Amended and Restated 2022 Employment Inducement Incentive Award Plan. The awards were approved by the Compensation Committee for non-executive employees, including options to purchase 19,800 shares of common stock at $0.24 per share, with a 10-year term and a four-year vesting schedule.
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Science 37 Holdings, Inc. (Nasdaq: SNCE) announced a 1-for-20 reverse stock split of its outstanding common stock to regain compliance with the $1.00 minimum bid price requirement for maintaining its listing on Nasdaq. The split will reduce the number of shares outstanding from approximately 119 million to approximately 6 million, and will be effective on December 8, 2023. The new CUSIP number for the Common Stock following the Reverse Stock Split will be 808644207.
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Science 37 Holdings, Inc. (Nasdaq: SNCE) announced the granting of inducement equity awards under the Amended and Restated 2022 Employment Inducement Incentive Award Plan. The awards, approved by the Compensation Committee, were made to non-executive employees as a material inducement to their employment. Options to purchase 36,500 shares of Science 37 common stock at an exercise price of $0.2874 per share were granted to 2 new employees, with a 10-year term and a four-year vesting schedule.
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FAQ

What is the market cap of Science 37 Holdings (SNCE)?

The market cap of Science 37 Holdings (SNCE) is approximately 34.7M.

What is the primary business model of Science 37 Holdings Inc?

Science 37 utilizes a decentralized clinical research model that integrates advanced telemedicine technology with a proprietary digital platform to streamline patient recruitment, screening, and clinical trial enrollment.

How does Science 37 improve traditional clinical trial processes?

The company uses its proprietary Metasite™ platform to facilitate virtual patient recruitment and consenting, thereby reducing logistical burdens and accelerating enrollment compared to traditional brick-and-mortar trial sites.

What role does telemedicine play in Science 37’s approach?

Telemedicine is central to Science 37’s operations, enabling remote patient monitoring, e-consenting, and data collection, which are critical for conducting decentralized clinical trials efficiently.

Who benefits from Science 37’s clinical trial services?

Their services are designed for a wide range of stakeholders, including investigators, inventors, small biotech companies, and large pharmaceutical companies, all of whom benefit from a more efficient and accessible trial model.

How does Science 37 maintain quality and regulatory compliance?

The company has a dedicated quality assurance team that implements standardized workflows and rigorous quality control measures to ensure audit-ready documentation and compliance with industry regulations.

What distinguishes Science 37’s metaprocess from traditional clinical trial recruitment?

Their innovative approach leverages a patent-protected platform that not only recruits patients but also reviews full medical records and handles the complete consenting process remotely, significantly reducing site burden and accelerating enrollment.

How does Science 37 enhance patient access to clinical trials?

By employing a decentralized, patient-centric model, Science 37 removes geographical barriers, enabling patients to participate in trials from home, thus broadening access and improving study diversity.

In what ways does Science 37 leverage strategic partnerships?

They collaborate with leading telemedicine companies, mobile nursing organizations, pharmacy chains, and patient advocacy groups to build a robust infrastructure that supports efficient and high-quality clinical trial execution.
Science 37 Holdings Inc

Nasdaq:SNCE

SNCE Rankings

SNCE Stock Data

34.66M
5.01M
16.89%
52.18%
0.23%
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