Exploristics surges ahead with £1m investment
The loan will be used to develop KERUS Cloud - currently the only software that can simulate trials with multiple correlated outcomes - by integrating it into an intelligent software ecosystem.
Data analysis and clinical trial software specialist, Exploristics, has announced a £1m government innovation loan from Innovate UK and the appointment of Chris Molloy as its non-executive chairman following a period of significant growth.
The company has seen yearly turnover reach a new milestone of £1m thanks to the success of its groundbreaking cloud-based data analytics platform for clinical trial design, KERUS Cloud.
Providing a virtual environment for optimising clinical study design and data analysis, KERUS Cloud is a unique simulation software tool supported by the processing power of cloud computing that removes barriers to accessing cutting-edge clinical trial planning.
It is currently the only software available that can simulate trials with multiple correlated outcomes allowing it to untangle the complex relationships between the many biological factors that can influence a study’s outcome.
The KERUS Cloud platform’s potential to transform the speed and efficiency of bringing new medicines to market has been recognised by government bodies and Exploristics has recently been granted a £1m Innovate UK loan to develop the platform’s capabilities further by integrating it into an intelligent software ecosystem.
The KERUS Cloud Ecosystem will enable access to diverse clinical data sources, creating an unparalleled knowledge base for selected therapeutic areas and development programs. This will inform and generate the most accurate study simulations available to date, supporting the complex trial planning needed in the development of new therapeutic interventions.
At this pivotal time for the company, Chris Molloy’s appointment will bring extensive knowledge of the life sciences sector to the table as well as nearly 30 years of international executive and board experience. He is also currently the CEO of Medicines Discovery Catapult.
As the new non-executive chairman at Exploristics, Chris’ role will be to oversee its continued growth from a small company providing specialist statistical consultancy for the life science industry to a world leader in innovative analytics software for clinical R&D and in silico clinical trial modelling, simulation and design.
Chris said: “It’s an exciting time to be joining Exploristics as there is real need for optimised, data-driven clinical trial design, particularly as biopharmaceutical companies face the challenges presented by emerging research areas such as precision medicine.
“KERUS Cloud really addresses this need and I believe it will have a truly transformative effect on the industry. I look forward to working with the team to achieve this and drive forward the company’s growth.”
Dr Aiden Flynn, CEO of Exploristics, who founded the business in 2009, said: “It’s a pleasure to welcome Chris to the team at such a key moment for the business and his leadership experience and industry knowledge will be central to supporting our growth strategy.
“Our next generation trial design software seeks to improve the quality of global clinical research and ultimately ensure that patients benefit from new drug therapies as quickly and efficiently as possible.
“This latest funding brings us another step closer to achieving that goal and help to revolutionise clinical trials across the globe.”
Over the coming months, Exploristics will be attending several events to promote KERUS Cloud including BIO Europe Spring in Vienna and the CMO Summit in Boston.
Related News
-
News Patients vs Pharma – who will the Inflation Reduction Act affect the most?
The Inflation Reduction Act brought in by the Biden administration in 2022 aims to give better and more equitable access to healthcare in the USA. However, pharma companies are now concerned about the other potential costs of such legislation. -
News CPHI Podcast Series: What does the changing US Pharma market mean for industry and patients alike?
In this week's episode of the CPHI Podcast Series Lucy Chard, Digital Editor for CPHI Online is joined by James Manser to discuss the political and market changes in the US pharma field. -
News CPHI Barcelona Annual Report illuminates industry trends for 2024
The CPHI Annual Survey comes into it’s 7th year to report on the predicted trends for 2024. Over 250 pharma executives were asked 35 questions, with their answers informing the industry landscape for the next year, spanning all major pharma marke... -
News Which 10 drugs are open to price negotiation with Medicare in the USA?
The Centres for Medicare & Medicaid Services, under the Biden administration in the USA, has released a list of the 10 drugs that will be open to price negotiations as part of the new legislation under the Inflation Reduction Act (IRA). -
News EU Medical Devices Regulation causes unintended disappearances of medical devices for children, doctors state
Doctor groups and associations have appealed to the EU to correct the EU Medical Devices Regulation law that may cause unintended shortages of essential drug and medical devices for children and rare disease patients. -
News 10 Major Drug Approvals So Far in 2023
Last year, 37 novel drugs were approved by the FDA, this was a high number for such a category, and covered many fields including oncology, demonstrating how promising further research is, and how it is only continuing to build. To date, there are alre... -
News Detecting Alzheimer's disease with a simple lateral flow test
A novel rapid diagnostic test for early-stage Alzheimer's disease has been developed using a biomarker binder from Aptamer Group along with technology from Neuro-Bio, the neurodegenerative disease experts. -
News CPHI Podcast Series: outsourcing and manufacturing trends
Listen to the CPHI Podcast Series this June to hear Gil Roth of the PBOA speak with Digital Editor Lucy Chard about the biggest trends and topics to watch in pharma outsourcing and manufacturing at the minute.
Position your company at the heart of the global Pharma industry with a CPHI Online membership
-
Your products and solutions visible to thousands of visitors within the largest Pharma marketplace
-
Generate high-quality, engaged leads for your business, all year round
-
Promote your business as the industry’s thought-leader by hosting your reports, brochures and videos within your profile
-
Your company’s profile boosted at all participating CPHI events
-
An easy-to-use platform with a detailed dashboard showing your leads and performance