Medidata Launches Acorn AI™ and Appoints Dr. Rama Kondru as CIO
11 April 2019 - 8:30PM
Business Wire
- Acorn AI is designed to answer the most
important questions across R&D and commercialization, enabling
customers to improve outcomes for patients and to accelerate
growth
- The Acorn AI team is led by industry
veterans who are shaping the future of life sciences
- Powered by Medidata’s standardized and
structured clinical data repository, one of the largest in the
world, Acorn AI immediately becomes a leading AI company dedicated
to life sciences
- Industry visionary, Rama Kondru, Ph.D.,
is appointed CIO of Medidata and CTO of Acorn AI to accelerate
development of agile, disruptive, and innovative capabilities
across the Medidata platform
Medidata Solutions (NASDAQ: MDSO) is taking the next significant
step to accelerate the digital transformation of life sciences in
the age of precision medicine. Today, Medidata is launching Acorn
AI, a Medidata company, and appoints Rama Kondru, Ph.D., as the
chief information officer for Medidata.
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the full release here:
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Acorn AI is designed to provide actionable insights to the front
lines of decision-making by making data liquid across the entire
lifecycle, from R&D to commercialization. Leveraging the
company’s AI capabilities and expertise, customers and partners can
now unlock the power of data to conquer the most complex
diseases.
Fueled by one of the largest regulatory-grade clinical data
repositories in the world and built upon Medidata's cutting-edge
platform, Acorn AI immediately becomes one of the leading AI
companies dedicated to life sciences. The new business is backed
by:
- Medidata’s cumulative R&D
investments in technology, data pipelines, data science, and
acquisitions such as SHYFT Analytics
- The Medidata platform, comprised of
more than 17,000 clinical trials (5,000 active) and the ability to
analyze 45 billion patient records from 2 million providers
- The industry’s largest structured,
standardized clinical data repository with over 4.8 million
patients
- More than 1,200 active customers with
150,000+ certified users
To solve companies’ most complex scientific and commercial
challenges, Acorn AI is proposing new products such as a Value
Discovery Engine to make better go/no-go decisions; Intelligent
Trials to improve study success and speed; Integrated Evidence to
help demonstrate value to regulators, payors, providers and
patients; and Connected Devices to integrate the new generation of
medical devices within the digital healthcare ecosystem.
The Acorn AI team is led by industry veterans who are shaping
the future of life sciences. Sastry Chilukuri, who recently joined
Medidata, is now the president of Acorn AI. Rachel Sherman, M.D.,
former principal deputy commissioner of FDA, joins as chief
scientific and medical advisor. Kathy McGroddy-Goetz, Ph.D., who
joined Medidata from IBM Watson Health, drives strategy and
alliances. Rama Kondru, leads technology development for Acorn AI,
in addition to handling his broader responsibilities as the newly
appointed CIO of Medidata.
Full details of the team and products can be found at
www.medidata.com/acornai.
"Life science firms are looking at data-centric and AI-based
business models to revamp functions, such as drug discovery,
R&D, clinical trials, and commercial operations, to cater to an
evolving patient profile, a converging ecosystem, and emerging
therapy areas. They are looking for strategic partners that can
deliver AI-as-a-Service, underwriting their risk of innovation.
Medidata's new venture, Acorn AI, builds on a combination of deep
life science pedigree, proprietary data sets, and AI methodologies
to help life science customers reimagine their operating model,"
said Nitish Mittal, Practice Director at Everest Group.
To enable customers’ digital transformation with a purpose-built
platform and scalable data fabric, Medidata appoints Rama Kondru as
its first-ever CIO. He is now leading the company’s enterprise data
strategy, architecture and future platform development for
Medidata’s product portfolio. With his expertise, Medidata will
accelerate the creation of leading-edge technologies, such as AI
and IoT capabilities, for broad use in healthcare. Rama Kondru is
now part of Medidata’s senior leadership team.
As the former CIO of Janssen Americas, Rama Kondru is an
innovative and strategically focused executive with over 20 years
of experience in diverse roles in pharma, medical devices, data
science, and academia. He brings a wealth of experience designing
and developing technology products to deliver enhanced patient
outcomes and experiences. Rama Kondru is well recognized in the
industry having received multiple awards and developed 25 patents,
along with authoring more than 30 peer-reviewed scientific
publications.
“For 20 years we’ve been steadfast in our mission of powering
smarter treatments and healthier people by heavily investing in our
platform, data, AI and expertise,” said Tarek Sherif, chairman and
chief executive officer, Medidata. “With the launch of Acorn AI and
Rama’s appointment, we are now uniquely positioned to create a new
paradigm for life science companies who want to drive actionable
insights at scale using data and AI.”
About Acorn AI™
Acorn AI™ is a Medidata company that represents the next horizon
of the industry leader’s 20-year mission of powering smarter
treatments and healthier people. Acorn AI is designed to make data
liquid across the entire lifecycle and to answer the most important
questions in R&D and commercialization for customers. Built
upon the Mediata platform comprising more than 17,000 trials and
4.8 million patients, Acorn AI products feature one of the
industry’s largest structured, standardized clinical trial data
repository connected with real world, translational and other
datasets. For more information: www.medidata.com/acornai
About Medidata
Medidata is leading the digital transformation of life sciences,
with the world's most-used platform for clinical development,
commercial, and real-world data. Powered by artificial intelligence
and delivered by the #1 ranked industry experts, Medidata helps
pharmaceutical, biotech, medical device companies, and academic
researchers accelerate value, minimize risk and optimize outcomes.
Medidata and its companies, Acorn AI and SHYFT, serve more than
1,200 customers and partners worldwide and empower more than
150,000 certified users every day to create hope for millions of
patients. Discover the future of life sciences:
www.medidata.com
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Medidata SolutionsInvestors:Betsy Frank, +1
917-522-4620bfrank@medidata.comorMedia:Erik Snider, +1
646-362-2997esnider@medidata.com
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