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PINC AI™ Applied Sciences (PAS), a division of Premier, Inc. (NASDAQ:PINC), and Datavant, the company that protects, connects and delivers the world's health data, announce the companies are expanding their existing collaboration to help shape the future of healthcare research, advance clinical trial operations, and increase trial diversity and equity – aiming to accelerate the development of novel therapies and products for improved patient outcomes.
The organizations have been working together since September 2022 to compliantly link real-world data to deliver meaningful insights that improve the quality of patient care. Through this new and expanded effort, PAS will leverage Datavant's trial tokenization solution and data connectivity platform to link clinical trial data and PAS real-world data and generate real-world evidence that propels clinical research innovation. This will provide deeper insights into the benefits and risks of medical interventions in real-world settings within and beyond the controlled environments of clinical trials.
Robust real-world evidence is becoming increasingly important for pharma and medical device development. As an example, with the passage of the Inflation Reduction Act (IRA) in August 2022, real-world evidence is serving as an important tool for life sciences and medical device companies striving to demonstrate the value and comparative effectiveness of their products and help patients get access to the therapies and interventions they need faster.
"As life sciences and medical device companies continue to bridge the gap between medical solutions development and real-world application, leveraging real-world data for real-world evidence generation has emerged as a game changer," said Myla Maloney, Chief Growth Officer, PINC AI™ Applied Sciences. "With Datavant, we are taking our best-in-class, real-world PINC AI™ Healthcare Data (PHD), securely linking it with other real-world datasets via tokens and leveraging it specifically in the clinical trials space to enable evidence-based decision making, which we believe can lead to better patient experiences and outcomes and cost and time savings."
Today, a clinical trial for a chronic condition is utilizing Datavant to link clinical trial patient data and PHD data to understand the participants' complete patient journey. By uniting clinical trial data with real-world data contained in the PHD, researchers are gaining insight into medication history, which can be difficult to collect, as well as the ability to follow the patients forward after the trial has ended, when oftentimes patients are lost. The real-world evidence generated from the linked data can be used to assess important long-term health outcomes outside of the clinical trial, improve drug safety and efficacy, and empower the healthcare industry to treat chronic care conditions more effectively.
In another clinical trial, a sponsor is building a real-world evidence control arm using PAS' real-world data connected by Datavant at the patient level while preserving patient privacy. Utilizing real-world data/real-world evidence derived from patients on a standard of care may eliminate the need for researchers to construct a separate control arm, which can decrease the duration and cost of the clinical trial. The real-world evidence control arm is also helping to improve the patient experience and outcomes by enabling all study participants to partake in the treatment and its potential benefits rather than a placebo, thereby increasing their access to medical care.
In addition to these active trials, PAS' linkable datasets are being utilized by life sciences and medical device companies and health systems to find diverse trial candidates and identify trial sites – both of which have a critical impact on bringing new solutions to market.
"Ever since launching our trial tokenization offering in 2019, Datavant has held that linking clinical trial data and real-world data has incredible promise to accelerate drug development, improve the safety and efficacy of treatments, and lead to better patient outcomes," said Tal Rosenberg, President and GM, Life Sciences, Ecosystem and Public Sector at Datavant. "We've now tokenized over 100 clinical trials, and we're excited to broaden our work with PAS and accelerate innovation with connected data."
Posted In: PINC
