Science 37 Holdings, Inc. - SNCE STOCK NEWS

On March 10, 2023, Science 37 Holdings, Inc. (NASDAQ: SNCE) announced the granting of inducement equity awards under its 2022 Employment Inducement Incentive Award Plan. This was approved by the company's Board of Directors and Compensation Committee. A total of 86,300 stock options were granted to 13 new employees at an exercise price of $0.24 per share, equal to the closing price on the grant date. The options have a 10-year term and a four-year vesting schedule. Science 37 aims to enhance clinical research accessibility through its Metasite™ model, allowing patients to participate conveniently from various locations.

Science 37 Holdings reported its Q4 and full-year results for 2022, revealing a 22% decline in quarterly revenue to $15.9 million. Net bookings for the quarter fell 57% year-over-year to $18.6 million. Gross profit decreased to $3.6 million, with a gross margin of 22.9%. The net loss for Q4 was $66.5 million, equating to a loss per share of $0.57. For the year, revenue totaled $70.1 million, an 18% increase, but net bookings dropped 52%.

Looking ahead, the company forecasts 2023 revenue between $55.0 million and $60.0 million with adjusted EBITDA guidance of a loss between $(50.0) million and $(48.0) million.

Science 37 Holdings, Inc. (Nasdaq: SNCE) will present at the Cowen 43rd Annual Health Care Conference in Boston on March 8, 2023, at 9:10 a.m. ET. The presentation will be accessible live and archived on the company's investor relations website.

Science 37 is a leader in accelerating clinical research through its unique Metasite™, allowing universal access for patients. This innovative model expands patient recruitment capabilities while ensuring diversity, enabling participation from home or local providers. The company is committed to delivering high-quality data using advanced technology and in-house expertise.

Science 37 Holdings (Nasdaq: SNCE) will announce its fourth quarter 2022 financial results before the market opens on March 6, 2023. The management team will hold a conference call at 8:30 a.m. ET on the same day to discuss the results, accessible via phone or through an online link for immediate connection. Science 37 focuses on accelerating clinical research by providing universal trial access, employing a proprietary technology platform to enhance patient diversity and participation flexibility. The firm operates as a single Metasite™ to facilitate research participation, allowing remote access or traditional site involvement as needed.

Science 37 Holdings, Inc. (Nasdaq: SNCE) has granted inducement equity awards under its 2022 Employment Inducement Incentive Award Plan. The Board approved this plan in November 2022. On February 10, 2023, options to purchase 150,700 shares at an exercise price of $0.42 were awarded to 16 new non-executive employees, representing the closing price on the grant date. The options have a 10-year term with a four-year vesting schedule. This move is aimed at attracting talent to aid in the company's mission to enhance clinical research access.

Science 37 Holdings (Nasdaq: SNCE) has announced its acquisition of the life sciences platform from Vault Health, aimed at enhancing clinical trial workflow and data interoperability. This acquisition is expected to accelerate the development of advanced scheduling and tracking features, streamlining decentralized clinical trials by reducing manual efforts and driving operational efficiencies. CEO David Coman noted that the asset will integrate seamlessly into existing operations, impacting efficiency by the second half of 2023. The deal is projected to be cash flow neutral within the calendar year and will avoid planned spending costs for Science 37.

Science 37 Holdings (NASDAQ: SNCE) announced the granting of an inducement equity award under its 2022 Employment Inducement Incentive Award Plan. Approved by the Board of Directors, this award consists of options to purchase 10,000 shares at an exercise price of $0.56 per share, aligning with the closing stock price on the grant date, December 9, 2022. The options have a 10-year term with a four-year vesting schedule, aimed at incentivizing a new non-executive employee.

Science 37's mission focuses on enhancing access to clinical research through decentralized trials, accelerating treatment development.

Science 37 Holdings, Inc. (Nasdaq: SNCE) announced participation in the 5th Annual Evercore ISI HealthCONx Conference. The event includes a virtual fireside chat scheduled for December 1, 2022, at 8:50 a.m. Eastern Time. Interested parties can access the live and archived webcast through the company’s website. Science 37 is recognized for pioneering decentralized clinical trials, aiming to enhance access to clinical research. With its innovative technology platform, the company enables faster enrollment and improved retention in clinical studies.

Science 37 and BEKHealth have announced a partnership that will enhance access to clinical trials by enabling Science 37 to utilize electronic medical record (EMR) data across its network of over 35,000 community providers, impacting more than 35 million patient lives. This initiative aims to increase enrollment speed and diversity, addressing the traditional underrepresentation in clinical research. Science 37 has pioneered decentralized trials, enabling faster enrollment and better retention compared to traditional methods.