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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.

Science 37 Holdings, Inc. (Nasdaq: SNCE) is a pioneering company based in Los Angeles that specializes in accelerating biomedical discovery through innovative, patient-centric clinical research models. Utilizing cutting-edge telemedicine technology, Science 37 offers a comprehensive range of services for conducting networked clinical trials, making it an invaluable partner for investigators, inventors, biotech firms, and large pharmaceutical companies.

At the core of Science 37's operations is the Metasite™, a proprietary virtual site platform that allows patients to participate in clinical trials from the comfort of their own homes or local healthcare providers. Powered by in-house medical and operational experts, the Metasite™ ensures uniform study orchestration, greater compliance, and high-quality data, thereby making clinical trials more accessible and efficient.

Science 37 leverages a vast network of partnerships with national mobile nursing companies, pharmacy chains, patient advocacy groups, and technology companies to streamline the clinical trial process. The company's recent achievements include the successful completion of a reverse stock split and a partnership with leading telemedicine companies, which has significantly expanded its reach and capabilities.

Noteworthy recent developments include the approval of a reverse stock split to comply with Nasdaq listing requirements and the commencement of a cash tender offer by eMed to purchase all outstanding shares of Science 37 at $5.75 per share. This move, coupled with the company's continuous efforts in enhancing patient recruitment through AI-powered screening and centralized processes, underscores its commitment to innovation and operational excellence.

Science 37 has also been recognized for its transformative impact on clinical research, winning the “Clinical Efficiency Innovation Award” at the 8th annual MedTech Breakthrough Awards. This award highlights the company's unique approach to patient recruitment, which has significantly improved patient randomization rates and site satisfaction.

For more detailed information and to stay updated on the latest developments, please visit Science 37's website.

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Science 37's Chief Delivery Officer, Darcy Forman, has been honored with a spot on the PharmaVoice 100 list, highlighting the industry-wide impact of Science 37 and its positive contributions. Darcy's leadership has propelled the organization to new heights, achieving groundbreaking advancements in decentralized clinical trial conduct. Science 37's unique approach, the Metasite, enables patients to participate in clinical research from home. Patient recruitment and retention rates surpass industry standards.
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Science 37 recognized in Gartner Hype Cycle for Life Science Clinical Development, 2023, for their innovative approach to digital trials. Digital trials are expected to improve trial quality, reduce costs, and enhance patient experience. Science 37's virtual site, MetasiteTM, allows patients to participate in trials remotely, leading to faster enrollment and improved retention rates. Adoption of decentralized clinical trials is increasing, driven by the recent FDA draft guidance. Positive impact on stock price expected.
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Science 37 receives Frost & Sullivan Market Leadership Award in decentralized clinical trials industry
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Science 37 Holdings, Inc. to participate in H.C. Wainwright 25th Annual Global Investment Conference
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Science 37 Holdings, Inc. (SNCE) has been nominated for the 2023 Prix Galien USA Awards in the category of 'Best Digital Health Solution.' The company's Metasite™ has been recognized for its groundbreaking innovation in the clinical research industry, enabling universal trial access for patients through virtual trials. The nomination reflects Science 37's dedication to accelerating clinical research and making a positive impact on patients' lives.
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Science 37 Holdings, Inc. has announced the granting of inducement equity awards to non-executive employees. The awards consist of options to purchase 111,600 shares of Science 37 common stock at an exercise price of $0.44 per share. The options have a 10-year term and a four-year vesting schedule.
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Science 37 reports Q2 2023 financial results, with gross bookings increasing by 33.0% to $38.2 million compared to the same period in 2022. Revenue decreased by 20% to $15.4 million. Gross profit remained steady at $5.4 million. Net loss improved by 20.5% to $19.6 million. Full year 2023 revenue guidance updated to approximately $60.0 million. Cash burn for Q3 2023 expected to be less than $10.0 million. Cash and Cash Equivalents as of June 30, 2023, were $65.0 million.
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Science 37 Holdings, Inc. will report its second quarter 2023 financial results on August 8, 2023. The management team will host a conference call to discuss the results. The webcast will be available on the company's website.
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Science 37's Metasite chosen by Synlogic for virtual clinical trial technology and services in Phase III trial of labafenogene marselecobac for PKU treatment
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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 does Science 37 Holdings, Inc. specialize in?

Science 37 specializes in accelerating biomedical discovery through innovative, patient-centric clinical research models using advanced telemedicine technology.

What is the Metasite™?

The Metasite™ is Science 37's proprietary virtual site platform that allows patients to participate in clinical trials from home or local healthcare providers, ensuring greater compliance and high-quality data.

What recent financial developments have occurred at Science 37?

Recent financial developments include the approval of a reverse stock split to comply with Nasdaq listing requirements and a cash tender offer by eMed to purchase all outstanding shares at $5.75 per share.

What awards has Science 37 won recently?

Science 37 recently won the “Clinical Efficiency Innovation Award” at the 8th annual MedTech Breakthrough Awards for its transformative patient recruitment solution.

How does Science 37 enhance patient recruitment for clinical trials?

Science 37 leverages AI-powered screening and centralized processes to recruit, qualify, and consent patients, significantly improving patient randomization rates and site satisfaction.

Who are Science 37's main partners?

Science 37 partners with national mobile nursing companies, pharmacy chains, patient advocacy groups, and leading technology companies to streamline the clinical trial process.

Where is Science 37 headquartered?

Science 37 is headquartered in Los Angeles, California.

What is the aim of Science 37's clinical research models?

The aim is to accelerate biomedical discovery by making clinical trials more accessible, reducing costs, and improving the efficiency of patient recruitment and data collection.

What is the significance of the reverse stock split for Science 37?

The reverse stock split is part of the company's strategy to regain compliance with Nasdaq's $1.00 minimum bid price requirement and ensure continued listing.

How can I learn more about Science 37's active studies?

You can visit the Science 37 website and navigate to the 'current studies' section to view active recruitment opportunities.

Science 37 Holdings, Inc.

Nasdaq:SNCE

SNCE Rankings

SNCE Stock Data

34.66M
4.13M
16.89%
52.18%
0.23%
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