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The Oncology Institute Rebrands Clinical Trials Division

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(Moderate)
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Rhea-AI Summary

The Oncology Institute (NASDAQ: TOI) is rebranding its clinical research division from Innovative Clinical Research Institute (ICRI) to TOI Clinical Research.

This division will continue managing over 160 clinical trials in oncology, focusing on solid tumors and hematological malignancies.

TOI aims to improve access to the latest treatments and enhance health equity in underserved communities while maintaining its commitment to high-quality patient care and strategic partnerships in the biopharmaceutical industry.

Positive
  • Rebranding aligns clinical research more closely with the company's identity.
  • Continued management of over 160 clinical trials enhances research credibility.
  • Focus on health equity and improving access to clinical trials for diverse communities.
Negative
  • None.

Innovative Clinical Research Institute Will Become TOI Clinical Research

CERRITOS, Calif., Dec. 15, 2022 (GLOBE NEWSWIRE) -- The Oncology Institute, Inc. (NASDAQ: TOI), one of the largest value-based community oncology groups in the United States, is rebranding its clinical research division. Previously, TOI’s clinical research division was named Innovative Clinical Research Institute (ICRI). The division’s new name is TOI Clinical Research.

TOI Clinical Research will carry on the important work ICRI has been conducting since its founding in 2011. TOI Clinical Research currently manages over 160 clinical trials across solid tumors and hematological malignancies. TOI Clinical Research will follow the same successful model that helped build ICRI into a leader in the field of cancer clinical trials, relying on a network of compassionate, experienced cancer care specialists dedicated to providing clinical trials as a treatment option.

“Our clinical trials program is part of what makes The Oncology Institute a leader in the value-based cancer care industry,” TOI Chief Medical Officer Dr. Yale Podnos said. “TOI Clinical Research continues the great work that our Innovative Clinical Research Institute started as one of the largest community-based clinical trials programs in the country, improving access to the latest treatments and increasing scientific knowledge in cancer therapy.”

As TOI Clinical Research grows in 2023, there will be a continued commitment to streamlined screening of TOI patients for eligibility for appropriate trials, expanding access at more sites across the country, and improving health equity by offering these treatments in underserved and diverse communities.

Our primary goal is to offer patients access to a variety of treatment options designed to support improvements in health outcomes,” said Cristina Green, TOI Vice President of Clinical Research. “Through our strategic partnerships with the biopharmaceutical industry and software providers, we are well positioned to offer the latest in both treatments and care delivery platforms.”

About TOI
Founded in 2007, TOI is advancing oncology by delivering highly specialized, value-based cancer care in the community setting. TOI offers cutting-edge, evidence-based cancer care to a population of approximately 1.7 million patients including clinical trials, transfusions, and other care delivery models traditionally associated with the most advanced care delivery organizations. With 90+ employed clinicians and more than 700 teammates in over 50 clinic locations and growing, TOI is changing oncology for the better. For more information visit www.theoncologyinstitute.com.

Contacts

Media
The Oncology Institute
Julie Korinke
JulieKorinke@theoncologyinstitute.com
(562) 735-3226 x 88806

Investors
Solebury Trout
Maria Lycouris
mlycouris@soleburytrout.com


FAQ

What is TOI Clinical Research?

TOI Clinical Research is the rebranded division of The Oncology Institute, formerly known as Innovative Clinical Research Institute, managing over 160 clinical trials in oncology.

Why is TOI rebranding its clinical research division?

The rebranding aims to align the clinical research division more closely with The Oncology Institute's identity and enhance its focus on value-based cancer care.

What impact will TOI Clinical Research have on patients?

TOI Clinical Research aims to improve access to cutting-edge treatments and enhance health outcomes for patients, especially in underserved communities.

How many clinical trials does TOI Clinical Research manage?

TOI Clinical Research currently manages over 160 clinical trials across various types of cancer.

What are the goals for TOI Clinical Research in 2023?

TOI Clinical Research aims to streamline patient eligibility screening, expand access to more sites nationwide, and improve health equity.

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