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. (SNCE) leads the transformation of clinical research through its decentralized trial platform combining telemedicine and networked trial solutions. This news hub provides investors and healthcare professionals with essential updates on the company's operational developments and industry leadership.
Access real-time announcements about clinical trial milestones, regulatory compliance achievements, and strategic partnerships. Our curated collection features earnings reports, technology innovations like the Metasite™ platform, and patient enrollment breakthroughs that demonstrate Science 37's impact on modern clinical research.
Key updates include progress in decentralized trial models, collaborations with medical institutions, and advancements in virtual patient recruitment. Bookmark this page to stay informed about how SNCE continues to redefine clinical trial accessibility while maintaining rigorous quality standards across all operations.
Science 37 Holdings, Inc. (Nasdaq: SNCE) has partnered with NuvoAir to enhance clinical trials by integrating remote respiratory endpoint data collection. This collaboration allows patients to participate in trials without needing to visit hospitals, significantly reducing patient burden. Utilizing a variety of connected devices and software, the solution aims to improve trial accessibility and diversity, achieving up to 21x faster patient enrollment and 28% better retention. With 3,781 active respiratory trials, the partnership is set to streamline trial processes and enhance patient experience.
Science 37 Holdings has introduced new patient relationship management and contact center technologies aimed at enhancing patient engagement for clinical trials. This initiative is expected to improve patient recruitment efficiency, leading to faster and more qualified enrollment. The new platform is designed to facilitate real-time communication between patients and study coordinators, addressing the challenges of traditional clinical trial participation. Importantly, Science 37 aims to eliminate geographic barriers, ultimately enhancing access to clinical research.
Science 37 Holdings (Nasdaq: SNCE) has partnered with Syapse to improve patient recruitment for oncology clinical trials through real-world data analytics. This collaboration aims to address the significant enrollment delays—often costing trial sponsors over $20 million monthly—by leveraging Syapse's patient identification capabilities and Science 37's agile trial systems. With over 3,700 active oncology trials globally and R&D spending projected at $70 billion in 2022, this partnership could enhance trial efficiency and accelerate access to new treatments for patients in need.
Science 37 Holdings, Inc. (SNCE) reported a 54% year-over-year increase in revenue for Q2 2022, totaling $19.3 million. However, net bookings decreased to $25.4 million from $44.1 million year-over-year. The adjusted gross profit rose slightly to $5.9 million, with an adjusted gross margin of 30.6%. The net loss was $5.8 million, improving from a $7.7 million loss in the prior year. The company estimates full-year revenue between $76 million and $86 million, and adjusted EBITDA guidance of $(65) million to $(69) million.
Science 37 Holdings, Inc. (Nasdaq: SNCE) announces it will release its second quarter 2022 financial results on August 11, 2022, before the market opens. The company's management will host a conference call at 8:30 a.m. Eastern Time to discuss the results. Participants can access the call by registering online for dial-in information or through a live audio webcast. A replay will be available shortly after the call and will remain accessible for approximately 90 days.
Science 37 Holdings, Inc. (Nasdaq: SNCE) will participate in two major virtual investor conferences this June. The first is the Lytham Partners Summer 2022 Investor Conference from June 21-22, where a presentation will be available starting June 21 at 9:00 a.m. Eastern Time. The second event is the Cowen 7th Annual FutureHealth Conference on June 23 at 3:25 p.m. Eastern Time, featuring a panel discussion on clinical trial access and affordability. Webcasts can be accessed via the company's Investor Relations page.
Science 37 Holdings (Nasdaq: SNCE) will present at the William Blair Growth Stock Conference in Chicago on June 8, 2022, at 3:20 p.m. CT. The company aims to enhance participation in clinical trials through its Agile Clinical Trial Operating System, designed for decentralized research. This platform boasts significant advantages, including up to 15x faster enrollment and a 28% increase in patient retention rates, ensuring diverse patient participation. A live and archived webcast of the presentation will be available on the investor relations section of Science 37's website.
Science 37 Holdings (Nasdaq: SNCE) has launched a new rapid-deployment virtual site model aimed at addressing slow enrollment in clinical trials. Named Metasite Rescue™, this model allows sponsors to engage patients remotely, without geographic constraints, ultimately enhancing patient access and participation. The solution can be implemented within four weeks and has demonstrated the potential to accelerate enrollment by up to 21 times. This innovative approach seeks to mitigate delays in 16,000 active trials worldwide, improving efficiency in trial execution.
Science 37 Holdings (Nasdaq: SNCE) has launched a groundbreaking technology release designed to optimize decentralized clinical trials (DCTs). This platform enhances compliance, data quality, and unifies stakeholder experiences, addressing the challenges associated with fragmented point-solution technologies. Key features of the release include an eCOA library and automated global study rollout capabilities. Collaborations with Boehringer Ingelheim and Thermo Fisher Scientific underscore its innovative potential, aiming for faster patient-centric clinical development. The enhanced platform promises to streamline clinical trial management significantly.
