Pharma millions flood into real-world evidence tech startup

5 February 2019

Sanofi (Euronext: SAN), UCB (Euronext: UCB) and leading US insurer BlueCross BlueShield are among the new strategic shareholders in Aetion, a tech company with a real-world analytics and evidence platform to engage in value-based care.

They join the likes of US biotech major Amgen (Nasdaq: AMGN), an earlier investor, in backing Aetion’s drive to strengthen the Aetion Evidence Platform, extending its reach in therapeutic area-related intelligence, outcomes-based contracting for payers, and advancing the acceptance of standards for real-world evidence around the globe.

The New York-based company wants its platform, which is used by eight of the top 15 global biopharma firms, leading payers, and the US Food and Drug Administration (FDA) to be the analytics tool of record.

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