Axiom Real-Time Metrics Secures First Strategic Funding to Advance eClinical Platform for Life Sciences Companies

VCBeat (WeChat Official Account: vcbeat) has learned that medical technology company Axiom Real-Time Metrics recently announced the completion of its first round of strategic financing. The amount raised was not disclosed. This financing marks Axiom’s first external capital infusion since its establishment in 2001, and was led by Great Point Partners. The proceeds will be used to accelerate the development of Axiom’s Fusion eClinical platform and to advance other business growth initiatives.

Axiom Real-Time Metrics, headquartered in Toronto, Canada, specializes in the development of electronic data capture (EDC), data management (DM), clinical trial management systems (CTMS), interactive web response systems (IWRS) for randomization, electronic patient-reported outcomes (ePRO), and other technological and service solutions. Axiom Real-Time Metrics holds a significant position in the eClinical market. Notably, its economic growth has been achieved through the reinvestment of its own revenue rather than external financing.

Axiom Real-Time Metrics primarily provides electronic clinical research software and related services to small and mid-sized life sciences companies. The company’s Fusion eClinical platform is a leader in both depth and breadth. Offering a suite of innovative, end-user-focused features and 15 modules, the platform serves as an interconnected hub for users’ clinical research data and operational needs. The service scope of Axiom’s Fusion eClinical platform includes data management, data analytics, biostatistics, and pharmacovigilance.

“Great Point Partners focuses on the life sciences sector, bringing extensive expertise in clinical trial service needs and a team of top-tier talent. We are delighted to partner with Great Point Partners,” said Andrew Schachter, Founder and CEO of Axiom Real-Time Metrics.

Andrew Schachter added, “This is Axiom’s first external funding. Our Fusion eClinical platform has become a world-class leading enterprise operations platform. This financing will enable Axiom to enhance its customer service levels and expand its portfolio of technical solutions and services.”

Great Point Partners (GPP), founded in Greenwich, Connecticut in 2003, primarily invests in healthcare companies at the development stage. GPP currently has 28 professionals and manages approximately $1.6 billion in equity capital.

(Compiled by: Li Chengping)