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18 of the Top 20 Medtech Companies Partner with Veeva MedTech to Get Devices and Diagnostics to Patients Faster

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Veeva Systems (NYSE: VEEV) announced that 18 of the top 20 medtech companies are using Veeva Development Cloud and Veeva Commercial Cloud applications to streamline processes across the total medtech product lifecycle. Over 125 customers are leveraging Veeva MedTech's expertise and technology from ideation to commercialization.

Veeva MedTech offers end-to-end product lifecycle management with Vault Clinical, Vault RIM, Vault Quality, and Vault Commercial applications. These solutions provide real-time insights, automate processes, and maintain inspection readiness, reducing manual work and improving cross-team collaboration.

The upcoming Veeva MedTech EU Summit in Amsterdam (Nov. 5-7) will feature industry leaders sharing insights and best practices.

Veeva Systems (NYSE: VEEV) ha annunciato che 18 delle prime 20 aziende medtech stanno utilizzando le applicazioni Veeva Development Cloud e Veeva Commercial Cloud per ottimizzare i processi lungo l'intero ciclo di vita dei prodotti medtech. Oltre 125 clienti stanno sfruttando l'esperienza e la tecnologia di Veeva MedTech, dalla fase di ideazione fino alla commercializzazione.

Veeva MedTech offre una gestione completa del ciclo di vita del prodotto con le applicazioni Vault Clinical, Vault RIM, Vault Quality e Vault Commercial. Queste soluzioni forniscono insights in tempo reale, automatizzano i processi e mantengono la prontezza per le ispezioni, riducendo il lavoro manuale e migliorando la collaborazione tra i team.

Il prossimo Veeva MedTech EU Summit ad Amsterdam (dal 5 al 7 novembre) presenterà leader del settore che condivideranno insight e best practices.

Veeva Systems (NYSE: VEEV) anunció que 18 de las 20 principales empresas de medtech están utilizando las aplicaciones Veeva Development Cloud y Veeva Commercial Cloud para optimizar los procesos a lo largo de todo el ciclo de vida del producto medtech. Más de 125 clientes están aprovechando la experiencia y la tecnología de Veeva MedTech desde la ideación hasta la comercialización.

Veeva MedTech ofrece una gestión integral del ciclo de vida del producto con las aplicaciones Vault Clinical, Vault RIM, Vault Quality y Vault Commercial. Estas soluciones proporcionan información en tiempo real, automatizan procesos y mantienen la preparación para auditorías, reduciendo el trabajo manual y mejorando la colaboración entre equipos.

La próxima Cumbre Veeva MedTech EU en Ámsterdam (del 5 al 7 de noviembre) contará con líderes de la industria compartiendo conocimientos y mejores prácticas.

Veeva Systems (NYSE: VEEV)는 상위 20개 메드텍 기업 중 18개가 전체 메드텍 제품 라이프사이클 동안 프로세스를 간소화하기 위해 Veeva Development Cloud 및 Veeva Commercial Cloud 애플리케이션을 사용하고 있다고 발표했습니다. 125명 이상의 고객이 아이디어 구상부터 상용화까지 Veeva MedTech의 전문성과 기술을 활용하고 있습니다.

Veeva MedTech는 Vault Clinical, Vault RIM, Vault Quality 및 Vault Commercial 애플리케이션을 통해 제품 라이프사이클 관리의 모든 과정을 제공합니다. 이러한 솔루션은 실시간 인사이트를 제공하고, 프로세스를 자동화하며, 검사 준비 상태를 유지하여 수작업을 줄이고 팀 간 협업을 향상시킵니다.

다가오는 Veeva MedTech EU 정상 회담이 암스테르담에서 (11월 5-7일) 개최되며, 산업 리더들이 인사이트와 모범 사례를 공유할 예정입니다.

Veeva Systems (NYSE: VEEV) a annoncé que 18 des 20 plus grandes entreprises de medtech utilisent les applications Veeva Development Cloud et Veeva Commercial Cloud pour rationaliser les processus tout au long du cycle de vie des produits medtech. Plus de 125 clients tirent parti de l'expertise et de la technologie de Veeva MedTech, de l'idéation à la commercialisation.

Veeva MedTech offre une gestion de cycle de vie de produit de bout en bout avec les applications Vault Clinical, Vault RIM, Vault Quality et Vault Commercial. Ces solutions fournissent des informations en temps réel, automatisent les processus et maintiennent la préparation aux inspections, réduisant ainsi le travail manuel et améliorant la collaboration entre les équipes.

Le prochain Sommet Veeva MedTech EU à Amsterdam (du 5 au 7 novembre) mettra en vedette des leaders du secteur partageant leurs connaissances et meilleures pratiques.

Veeva Systems (NYSE: VEEV) gab bekannt, dass 18 der 20 größten Medtech-Unternehmen die Anwendungen Veeva Development Cloud und Veeva Commercial Cloud nutzen, um Prozesse über den gesamten Produktlebenszyklus von Medtech zu optimieren. Mehr als 125 Kunden profitieren von der Expertise und Technologie von Veeva MedTech von der Ideenfindung bis zur Kommerzialisierung.

Veeva MedTech bietet eine umfassende Verwaltung des Produktlebenszyklus mit den Anwendungen Vault Clinical, Vault RIM, Vault Quality und Vault Commercial. Diese Lösungen bieten Echtzeiteinblicke, automatisieren Prozesse und gewährleisten die Bereitschaft für Inspektionen, wodurch die manuelle Arbeit reduziert und die Zusammenarbeit zwischen Teams verbessert wird.

Der bevorstehende Veeva MedTech EU Gipfel in Amsterdam (5. bis 7. November) wird Branchenführer präsentieren, die Einblicke und bewährte Praktiken teilen.

Positive
  • 18 of the top 20 medtech companies are using Veeva's applications
  • Over 125 customers are leveraging Veeva MedTech's solutions
  • Veeva MedTech offers end-to-end product lifecycle management
  • Solutions provide real-time insights and automate processes
Negative
  • None.

Insights

Veeva Systems' announcement highlights significant adoption of their cloud-based solutions by leading medtech companies. This widespread use by 18 of the top 20 medtech firms and over 125 customers total indicates strong market penetration and industry trust in Veeva's offerings.

The focus on streamlining processes across the entire product lifecycle, from development to commercialization, addresses a critical need in the medtech sector for improved efficiency and faster time-to-market. This could potentially lead to accelerated product launches and increased competitiveness for Veeva's clients.

The integration of various applications like Vault Clinical, RIM, Quality and Commercial into a single platform offers a comprehensive solution that can reduce operational complexities and enhance cross-functional collaboration. This holistic approach may result in cost savings and improved regulatory compliance for medtech companies, which are key factors in this highly regulated industry.

While the news is positive for Veeva, investors should consider the long-term implications of such widespread adoption. It may lead to steady recurring revenue but could also limit future growth opportunities within the top tier of the medtech market. The focus should now be on Veeva's ability to expand its offerings and capture more of the mid-tier and emerging medtech companies to sustain growth.

More than 125 medtech customers use Veeva applications for seamless execution across product development

PLEASANTON, Calif., Oct. 2, 2024 /PRNewswire/ -- Veeva Systems (NYSE: VEEV) today announced that 18 of the top 20 medtech companies leverage Veeva Development Cloud and Veeva Commercial Cloud applications to streamline processes across the total medtech product lifecycle. Veeva MedTech enables more than 125 customers with deep industry expertise and technology from ideation to commercialization. With an increasing need to keep up with industry changes for faster time to market, medtech companies are moving to connected applications on a single cloud platform to execute key processes more efficiently.

"With dozens of studies across hundreds of global sites, simplifying clinical operations with unified document management and streamlined workflows is a top priority," said Matt Christensen, senior vice president at Smith+Nephew. "Using Veeva MedTech's unified clinical solution drives transparency, ensures integrity of study files, and speeds trial timelines."

Veeva MedTech enables end-to-end product lifecycle management with Veeva Vault Clinical, Veeva Vault RIM, Veeva Vault Quality, and Veeva Vault Commercial. Using advanced applications built with medtech industry best practices, customers can access real-time insights to make data-driven decisions, automate processes, and maintain inspection readiness. This reduces manual work and improves cross-team collaboration while driving growth, cost efficiency, and compliance.

"This momentum shows that the global medtech industry has made great strides in modernizing systems, establishing a foundation across the product lifecycle to leverage into the future," said Seth Goldenberg, vice president, Veeva MedTech. "With the top medtech leaders standardizing on Veeva applications, we will continue to learn and advance the industry toward more streamlined processes to deliver innovative new devices and diagnostics to patients in need."

More than 200 industry professionals will network, share best practices, and hear valuable insights from medtech leaders, including Bio-Rad Laboratories, Philips, and ZEISS Medical Technology, at Veeva MedTech EU Summit. Medtech industry professionals can register for the Nov. 5 - 7 event in Amsterdam.

About Veeva Systems
Veeva is the global leader in cloud software for the life sciences industry. Committed to innovation, product excellence, and customer success, Veeva serves more than 1,000 customers, ranging from the world's largest biopharmaceutical companies to emerging biotechs. As a Public Benefit Corporation, Veeva is committed to balancing the interests of all stakeholders, including customers, employees, shareholders, and the industries it serves. For more information, visit veeva.com.

Veeva Forward-looking Statements
This release contains forward-looking statements regarding Veeva's products and services and the expected results or benefits from use of our products and services. These statements are based on our current expectations. Actual results could differ materially from those provided in this release and we have no obligation to update such statements. There are numerous risks that have the potential to negatively impact our results, including the risks and uncertainties disclosed in our filing on Form 10-Q for the period ended July 31, 2024, which you can find here (a summary of risks which may impact our business can be found on pages 36 and 37), and in our subsequent SEC filings, which you can access at sec.gov.

Contact:

Deivis Mercado
Veeva Systems
925-226-8821
deivis.mercado@veeva.com

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SOURCE Veeva Systems

FAQ

How many of the top 20 medtech companies use Veeva Systems (VEEV) applications?

18 of the top 20 medtech companies use Veeva Systems (VEEV) Development Cloud and Commercial Cloud applications.

What is the total number of customers using Veeva MedTech solutions?

More than 125 customers are using Veeva MedTech solutions for product development processes from ideation to commercialization.

What are the main components of Veeva MedTech's end-to-end product lifecycle management?

Veeva MedTech's end-to-end product lifecycle management includes Veeva Vault Clinical, Veeva Vault RIM, Veeva Vault Quality, and Veeva Vault Commercial applications.

When and where is the Veeva MedTech EU Summit taking place in 2024?

The Veeva MedTech EU Summit is taking place from November 5 to 7, 2024, in Amsterdam.

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