uMed, which was founded by NHS doctor Matt Wilson, has secured money from investors including Albio VC and Playfair Capital to reverse a sharp decline in the number of British trials taking place, Sky News learns.
One use of the funding will be to extend the reach of uMed's cohort programme in Parkinson's Disease to several thousand patients globally by the end of the year, it said.The money will also be used to facilitate the expansion of the company's presence in North America, with the objective of increasing its global patient access to more than 10 million people by the end of the year.
Dr Matt Wilson, uMed's founder and chief executive, said:"We developed the uMed platform to help healthcare professionals more easily and efficiently run patient research and targeted care programmes at scale, improving outcomes for patients by mitigating care gaps and accelerating research.
Since a seed funding round in 2020, uMed has signed up more than 450 UK GPs representing five million patients, with the company recruiting more than 6,000 patients to clinical studies. Rosie Barnett, a principal at Delin Ventures, said the"traditional clinical research model is slow and expensive... [but] uMed provides a unique platform to engage patients at scale in a highly targeted and cost-effective manner".
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