Datavant, Verge Genomics Ink Strategic Drug Development Deal

Datavant, a company focused on organizing and structuring healthcare data to inform actionable insights for the design and interpretation of clinical trials, and Verge Genomics, a company using artificial intelligence to discover and develop new therapeutics, announced a strategic alliance to unlock the value of pharmaceutical datasets to accelerate drug discovery and development.

Datasets with relevance to drug development are currently siloed and fragmented across pharmaceutical companies, payers, hospital systems, and many others. Datavant partners with a wide range of healthcare organizations to aggregate and integrate these datasets, with over 100 clinical datasets reflecting over 150 million unique patients integrated to date. This is complementary to Verge's proprietary machine learning algorithms, drug discovery engine, and patient database. When combined, the collaboration aims to connect the full stack of data from early discovery to clinical development and apply machine learning to unlock dozens of breakthrough opportunities and insights for clinical trial design and interpretation.

This alliance marks the third innovative data partnership that Verge has struck in the last six months and its first expansion into the pharmaceutical data landscape. Since September, Verge has forged two innovative public-private partnerships across a dozen academic and national institutions, leading to the creation of one of the world's largest collections of ALS and Parkinson's Disease patient data.

Roivant Sciences, with the investment support of SoftBank Vision Fund and Founders Fund, spun out Datavant in September 2017 as an important part of its goal to reduce the time and cost of the drug development process.