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Exact Sciences Selects Veeva Vault Clinical Suite to Help Accelerate Innovation

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Veeva Systems (NYSE: VEEV) announced that Exact Sciences has chosen the Veeva Vault Clinical Suite to enhance its clinical study processes. This suite includes Vault CDMS, Vault CTMS, and Vault eTMF which will enable Exact Sciences to manage clinical data, trials, and compliance more efficiently. The partnership aims to accelerate the development of innovative cancer diagnostics, ensuring readiness for EU IVDR and MDR regulations. Exact Sciences expects to streamline its clinical studies and improve operational efficiency through this collaboration.

Positive
  • Exact Sciences selected Veeva Vault Clinical Suite for its clinical studies, enhancing operational efficiency.
  • Veeva's unified applications enable faster database builds and proactive milestone tracking.
  • The partnership aims to align with EU IVDR and MDR regulations, ensuring compliance and readiness.
Negative
  • None.

BARCELONA, Spain--()--Veeva Systems (NYSE: VEEV) today announced that Exact Sciences, a leading provider of cancer screening and diagnostic tests, selected Veeva Vault Clinical Suite to design and run its clinical studies. Exact Sciences will use Veeva Vault CDMS, Veeva Vault CTMS, and Veeva Vault eTMF to streamline clinical data and trial processes on a single cloud platform. With a unified suite of applications, Exact Sciences can stay ahead of ever-changing regulations such as EU IVDR and MDR.

“We are modernizing our trial processes with Veeva to get the next generation of cancer tests to patients quickly,” said Sandra Statz, senior vice president of clinical and regulatory affairs at Exact Sciences. “Veeva Vault Clinical Suite allows us to streamline our clinical studies from build to close and accelerate the development of potential life-changing products.”

Exact Sciences is at the forefront of advanced diagnostics for early cancer detection, treatment guidance, and monitoring. With Vault Clinical Suite, Exact Sciences can scale to run more trials, speed innovations, ensure compliance, and increase overall efficiency.

The Vault Clinical Suite modernizes end-to-end study processes with unified applications for clinical data management and clinical operations. Vault CDMS shortens database build times for studies of all types. Interactive reports in Vault CTMS provide real-time visibility to proactively track milestones and manage studies. Vault eTMF enables real-time management of TMF processes and documents as they are being executed to stay inspection ready.

“As a fast-growing diagnostics company, Exact Sciences needed a partner to keep up with their pace of innovation,” said Jim Diefenbach, general manager of Veeva Medical Device and Diagnostics. “Veeva is helping Exact Sciences efficiently manage clinical processes and data, advance product development, and remain agile throughout their clinical studies.”

Veeva Vault provides unified suites of cloud applications for medical device and diagnostics companies to manage regulated content and data throughout the product lifecycle, including the Vault Clinical, Vault Quality, Vault Regulatory, Vault Medical, and Vault Commercial Content Management suites.

Learn more at the upcoming Veeva Medical Device & Diagnostics Summit, October 28-29, 2020. The online event is open to life sciences industry professionals. Learn more and register at veeva.com/MedDeviceSummit.

Additional Information

For more on Veeva Medical Device & Diagnostics, visit: veeva.com/MedDevice
Connect with Veeva on LinkedIn: linkedin.com/company/veeva-systems
Follow @veeva_eu on Twitter: twitter.com/veeva_eu
Like Veeva on Facebook: facebook.com/veevasystems

About Veeva Systems

Veeva Systems Inc. is the leader in cloud-based software for the global life sciences industry. Committed to innovation, product excellence, and customer success, Veeva serves more than 900 customers, ranging from the world’s largest pharmaceutical companies to emerging biotechs. Veeva is headquartered in the San Francisco Bay Area, with offices throughout North America, Europe, Asia, and Latin America. For more information, visit veeva.com/eu.

Forward-looking Statements

This release contains forward-looking statements, including the market demand for and acceptance of Veeva’s products and services, the results from use of Veeva’s products and services, and general business conditions (including the on-going impact of COVID-19), particularly within the life sciences industry. Any forward-looking statements contained in this press release are based upon Veeva’s historical performance and its current plans, estimates, and expectations, and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent Veeva’s expectations as of the date of this press announcement. Subsequent events may cause these expectations to change, and Veeva disclaims any obligation to update the forward-looking statements in the future. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially. Additional risks and uncertainties that could affect Veeva’s financial results are included under the captions, “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” in the company’s filing on Form 10-Q for the period ended July 31, 2020. This is available on the company’s website at veeva.com under the Investors section and on the SEC’s website at sec.gov. Further information on potential risks that could affect actual results will be included in other filings Veeva makes with the SEC from time to time.

® 2020 Veeva Systems Inc. All rights reserved. Veeva and the Veeva logo are trademarks of Veeva Systems Inc.
Veeva Systems Inc. owns other registered and unregistered trademarks.

Contacts

Roger Villareal
Veeva Systems
925-264-8885
roger.villareal@veeva.com

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

FAQ

What is Veeva Systems' recent announcement regarding Exact Sciences?

Veeva Systems announced that Exact Sciences has selected the Veeva Vault Clinical Suite to streamline their clinical studies.

How will Veeva Vault Clinical Suite benefit Exact Sciences?

The suite will enhance efficiency in clinical data management and ensure compliance with regulations like EU IVDR and MDR.

What applications are included in the Veeva Vault Clinical Suite?

The suite includes Veeva Vault CDMS, Vault CTMS, and Vault eTMF, designed to optimize clinical trial processes.

When was the announcement made about Veeva's collaboration with Exact Sciences?

The announcement was made on October 14, 2020.

What is the stock symbol for Veeva Systems?

The stock symbol for Veeva Systems is VEEV.

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