Faro Health was praised as being part of a patient-centric solution, succinctly stated as “Any thing and any process and any platform that can look at reducing or making company folk aware of the burden on a patient and the work required to carry out a clinical trial definitely gets our vote.”
San Diego’s Faro Health, a cloud-computing startup that provides software for planning and running complex clinical trials in the life sciences industry, has raised $20 million in a second round of venture capital funding.
A pressing question facing the industry is: How can we evaluate drugs more efficiently? But drug developers design and draft clinical trials (protocols) in MS Word that are emailed around for feedback. Today, pharmaceutical companies’ learning from prior clinical studies is limited because the data is siloed and static. Faro Health has developed a software platform with the potential to address this problem with digital infrastructure for smart clinical trials.
Having designed clinical trials and authored study protocols for more than 20 years, Scott Chetham has a basic frustration with the field.
Faro Health, Inc. is excited to announce that we have completed a Service Organization Control Type 2 (SOC 2 Type 2) examination.
