Decentralized clinical trial platform, Medable Inc. has announced its partnership with American healthcare company, CVS Health to expand access to clinical trials and patient engagement across select MinuteClinic™ locations.
The collaboration will see CVS Health Clinical Trial Services™ in the management role overseeing relationship while Medable will offer its clinical trials software platform.
Under the terms of partnership, Medable will infuse its software platform with CVS Health’s community network and expert MinuteClinic providers to ensure seamless delivery of clinical trials with better patient access, higher engagement and retention boosting research effectiveness.
However, irrespective of the significance of clinical trials, Americans have been relatively less receptive towards the concept, with only 4% of people participating in clinical studies, and 30% participants withdrawing before the study is completed.
Moreover, 80% of the clinical trials conducted in the United States fail to meet their enrollment deadlines.
Despite progressive efforts of the industry to end disparity in clinical trial participation from African-American groups, Latino, Asian and Hispanic communities remain severely and consistently underrepresented.
Sans Thakur, Chief Growth Officer at Medable, mentioned that the platform aims to offer effective therapies to all patients, eliminating the barrier of location, social status or even race.
With CVS Health, Medable will focus on reinforcing research and science communities with deep expertise and local access that will ensure greater trust in healthcare and medicine.
Mr. Thakur also reflected upon the potential of combined Medable-CVS Health capabilities comprising of the former’s technology and the latter’s expertise in utilizing the revolutionary period and addressing the unmet needs of local communities effectively.
General Manager and Senior VP of CVS Health Clinical Trial Services, Tony Clapsis strongly believes that the dynamic duo will be mutually fruitful as Medable will help the healthcare player in amplifying efforts to spread awareness and access to a diverse population.
In line with its aim for diversity and inclusion, CVS Health will leverage the collaboration to expand to regions with population highly vulnerable to rapidly growing chronic illnesses, who remain underrepresented in clinical research.