Syneos Health News: Company Acquires Leading Data Analytics Firm
Syneos Health, the leading biopharmaceutical solutions organization, has recently announced its acquisition of Illingworth Research Group, a data analytics firm operating in the clinical research sector. The move marks an important step for Syneos Health, as it furthers its goal of optimizing the clinical research process through the power of data analytics.
The Significance of the Acquisition
The acquisition of Illingworth Research Group by Syneos Health represents an important moment in the healthcare industry. By joining forces, the two companies will be able to leverage their respective strengths to develop more effective data-driven clinical solutions. Illingworth brings to the table its proprietary platform, Illingworth InVision, which enables remote clinical trial services for patients. Meanwhile, Syneos Health’s expertise in clinical development and healthcare communications will help to create more engaging, diverse, and inclusive clinical programs.
The Evolution of Syneos Health
Syneos Health was formed in 2018 as a result of the merger between INC Research and inVentiv Health. Since then, the company has become a leading provider of fully integrated services for the biopharmaceutical and medical device industries. Its aim is to accelerate the development of new therapies and healthcare technologies by streamlining the clinical research process. The acquisition of Illingworth Research Group is a clear indicator of Syneos Health’s dedication to this aim, as well as a demonstration of its commitment to staying at the forefront of innovation in the healthcare industry.
Advantages of Data Analytics in Clinical Research
Data analytics has revolutionized the way clinical research is conducted. By using advanced analytical tools to interpret vast amounts of data, researchers are now able to gain valuable insights into disease states and treatment efficacy. This can help to expedite the drug development process, as well as improve patient outcomes.
In clinical research, data analytics can be used to identify key patterns and trends in patient data, enabling researchers to develop more targeted and personalized treatments. This can lead to increased patient satisfaction, improved patient retention, and decreased overall costs. Additionally, by utilizing data analytics, researchers can more accurately predict which treatments will be successful, leading to more efficient use of research funds and resources.
Conclusion
The acquisition of Illingworth Research Group by Syneos Health is a significant development for the healthcare industry. It highlights the increasing importance of data analytics in clinical research and the instrumental role it plays in creating more effective and patient-centric treatments. Through this acquisition, Syneos Health is setting itself up for continued success in the biopharmaceutical and medical device industries, and cementing its position as a driving force in the healthcare innovation space.
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