Premier, Inc.’s PINC AI Applied Sciences and Datavant Collaborate to Enable Next-Generation Clinical Trials

PINC AI Applied Sciences (PAS), a division of Premier, Inc. (NASDAQ: PINC), and Datavant, the company that protects, connects and delivers the world’s health data, announce the companies are expanding their existing collaboration to help shape the future of healthcare research, advance clinical trial operations, and increase trial diversity and equity – aiming to accelerate the development of novel therapies and products for improved patient outcomes.

The organizations have been working together since September 2022 to compliantly link real-world data to deliver meaningful insights that improve the quality of patient care. Through this new and expanded effort, PAS will leverage Datavant’s trial tokenization solution and data connectivity platform to link clinical trial data and PAS real-world data and generate real-world evidence that propels clinical research innovation. This will provide deeper insights into the benefits and risks of medical interventions in real-world settings within and beyond the controlled environments of clinical trials.

Robust real-world evidence is becoming increasingly important for pharma and medical device development. As an example, with the passage of the Inflation Reduction Act (IRA) in August 2022, real-world evidence is serving as an important tool for life sciences and medical device companies striving to demonstrate the value and comparative effectiveness of their products and help patients get access to the therapies and interventions they need faster.

“As life sciences and medical device companies continue to bridge the gap between medical solutions development and real-world application, leveraging real-world data for real-world evidence generation has emerged as a game changer,” said Myla Maloney, Chief Growth Officer, PINC AI Applied Sciences. “With Datavant, we are taking our best-in-class, real-world PINC AI Healthcare Data (PHD), securely linking it with other real-world datasets via tokens and leveraging it specifically in the clinical trials space to enable evidence-based decision making, which we believe can lead to better patient experiences and outcomes and cost and time savings.”

Today, a clinical trial for a chronic condition is utilizing Datavant to link clinical trial patient data and PHD data to understand the participants’ complete patient journey. By uniting clinical trial data with real-world data contained in the PHD, researchers are gaining insight into medication history, which can be difficult to collect, as well as the ability to follow the patients forward after the trial has ended, when oftentimes patients are lost. The real-world evidence generated from the linked data can be used to assess important long-term health outcomes outside of the clinical trial, improve drug safety and efficacy, and empower the healthcare industry to treat chronic care conditions more effectively.