Parexel Acquires Healthcare NLP Provider Roam Analytics

What You Should Know:.

Leveraging the Power of Natural Language Processing.

Established in 2013, Roam Analytics innovation platform makes it possible for.
companies to leverage any source of health care language data, from scientific.
notes to client surveys, regulatory documents, marketing materials,.
telemedicine interactions, social media and more, to improve operational.

— Parexel will also utilize Roams AI innovation to take advantage of.
numerous information, from scientific notes, medical images, client surveys, regulatory.
documents, marketing products, telemedicine interactions, social networks and so on to.
improve workflows.

Financial terms of the acquisition were not divulged.

” Over the course of our partnership with Roam Analytics, its technology has shown extraordinary strength and dependability in not just reading a large range of clinical data sources, however likewise in annotating and categorizing information for leading life sciences business that we serve,” said Michelle Hoiseth, Chief Data Officer, Parexel. “By integrating the Roam Analytics technology into Parexels suite of services, well be able to offer clients with an added level of safety and security and pursue our objective to decrease the time and expense of developing brand-new treatments and get them in the hands of patients faster.”.

Measuring Language for Modern Healthcare Companies.

” We are extremely proud to join Parexel, with whom we have partnered carefully for a number of years and have a shared mission to improve healthcare for all,” said Lauren DeMeuse, CEO of Roam Analytics. “By integrating some of the very best minds in natural language processing and drug development, Im positive we will transform the clinical trial procedure for Parexels consumers– at a time when our world needs it the a lot of.”.

— The acquisition provides substantial opportunities to.
use Roam Analytics natural language processing (NLP) innovation to even more.
simplify and draw out insights from unstructured data.

Natural language processing is a branch of artificial.
intelligence that helps computers understand, analyze and control.
human language. Using Roam Analytics innovation to combine and unlock.
disorganized data, Parexel is able to enhance structured data systems, creating.
a complete picture of service providers and clients..

— Parexel obtains healthcare software application business Roam.
Analytics, Inc. to boost and reinforce Parexels pharmacovigilance (PV).

Parexel, a provider.
of services to speed up the development and delivery of innovative therapies.
to enhance world health, from medical through commercialization has actually obtained.
the Natural Language Processing (NLP) innovation properties and transfer of key.
personnel of Roam Analytics, Inc., a.
health care software company based in San Francisco, California. This tactical.
move will further strengthen Parexels commitment to leveraging Artificial.
Intelligence (AI) and Machine Learning (ML) to drive new developments throughout.
drug development and life sciences. In addition, it will immediately boost.
Parexels Pharmacovigilance and other Real-World Data capabilities through the.
application of NLP technology across the companys various information sets to further.
improve and extract insights from disorganized information.