BOSTON– YonaLink, a clinical trial software provider, today announced that is has completed an initial funding round, raising $6 million, to scale global growth and expand its EHR-to-EDC integration platform. Purpose-built to stream and map up-to-date patient data, in real time, YonaLink’s SaaS solution exports patient data directly from a clinical site’s EHR system and transfers it into clinical research electronic data capture (EDC) systems.
Debiopharm Innovation Fund in Switzerland led the round. Co-funded by the European Union, the round also included Israel’s eHealth Ventures. The total $6 million investment will be used to bring more talent to the company’s growing team, expand the YonaLink platform’s capabilities, and drive its adoption among clinical trial sponsors and their clinical research organization (CRO) partners.
“YonaLink is bridging the gap between patient care and clinical research, providing the missing link in clinical trial data collection and validation with technology that securely provides true EHR-to-EDC connectivity, without disrupting existing clinical trial workflows,” said Iddo Peleg, YonaLink’s CEO and co-founder. “We’re excited to bring our technology to more clinical trials – beginning with the US, Europe, and Israel – to help fuel innovation in clinical development and accelerate the delivery of important new treatments to patients across disease states and therapeutic areas.”
YonaLink’s platform has the capabilities to stream up-to-date data from any clinical site’s EHR system, in any part of the world, and populate it within YonaLink’s next generation EDC or other data capture systems. With built-in eConsent and ePRO / eCOA and streaming EHR-to-EDC capabilities, YonaLink’s next generation EDC provides a comprehensive solution for today’s clinical trial needs, bringing EDC and eSource functionality together in a single tool.
“Real-world data from electronic health records has long been an untapped resource for clinical trials, one which could boost clinical trial efficiency, improve patient outcomes and, ultimately, make research data collection a by-product of routine clinical record keeping,” said Vincent Lepreux, Associate Director of Debiopharm Innovation Fund. “We invested in YonaLink because we believe that the way clinical trials have been conducted in the past has to be radically disrupted. YonaLink’s data streaming technology drills into one of the clear inefficiencies in drug development – moving data from EHRs to EDCs. No one should be doing that manually anymore.”
Ophir Shahaf, Partner at eHealth Ventures, added: “While clinical trial data capture and management has evolved from paper to software, they are still labor-intensive and largely manual processes. YonaLink is changing the paradigm with a solution that provides true automation. This technology can be used to help reduce the burden on research sites, lower trial costs, and enable efficiencies that speed time to market for clinical trial sponsors. That, in turn, makes a meaningful difference for patients who are waiting for new treatments, which is why we are excited to be part of YonaLink’s journey and this recent funding round.”
