Sorcero, a leader in AI-based analytics for the life sciences sector, has acquired Axiom Health, a company that focuses on real-world data in medical technology.
This move brings together Axiom’s MedTech data lake with Sorcero’s Intelligence Platform, which has now been renamed Sorcero MedTech. The combined platform offers a unified way to get insights, helping both pharmaceutical and medical device companies.
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It gives life sciences teams a complete view of the patient’s journey from the development of drugs to the sale of medical devices. “Sorcing the data from pharmaceutical and medical device sectors allows access to important insights that have been kept separate for too long,” stated Dipanwita Das, CEO of Sorcero. “For the first time, teams in life sciences can understand the full treatment journey for patients and make better decisions about developing and selling products. This overall view will push innovation and improve patient results.
” By combining Axiom’s skills with Sorcero’s AI technology, the new platform can now analyze data across different areas, speed up product development and marketing strategies, understand patient needs better, and target stakeholders more effectively. A. Krishna, who founded Axiom Health and is now Senior Vice President of MedTech at Sorcero, said, “By bringing Axiom’s top medical technology data together with Sorcero’s AI platform, we can now offer a single and accurate source of information that gives unified insights into medical devices and drugs for both medical and commercial teams. “
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The acquisition was supported by First Trust Capital Partners and previous investors of Axiom. Jon Phillips, Managing Director at First Trust, noted that this deal “fills an urgent need in the market and presents a lot of growth opportunities in the expanding life sciences AI field. ” With this acquisition, Sorcero strengthens its position as a leader in AI-based pharmaceutical and MedTech insights. It helps companies use data more effectively to drive innovation and improve patient care.
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