Cala Health Picks Medidata Cloud For Observational Study
Zacks Investment Research | Dec 20, 2018 09:27PM ET
Medidata Solutions, Inc. (NASDAQ:MDSO) recently announced that Cala Health is adopting the Medidata Cloud to centralize management of a large observational study of its flagship product, Cala TWO. Notably, Medidata Cloud will study the product using Medidata Rave EDC, Edge eTMF and Edge Payments. This is likely to fortify Medidata’s foothold in the healthcare cloud computing market.
However, the latest development could not drive Medidata’s shares, which lost 0.1% to close at $68.80 following the announcement.
For investors’ notice, Cala Health is a California-based neuromodulation platform company which develops wearable therapies for chronic diseases.
Medidata Cloud in Focus
Medidata Cloud helps connect patients, physicians and healthcare professionals.
Medidata Rave is a cloud-based clinical data management system within Medidata Cloud, which is used to electronically capture, manage and report clinical research data. Notably, Rave EDC (electronic data capture) captures, manages and reports patient data including unified EDC and CDMS (clinical data management system).
Additionally, the Edge eTMF platform integrates the entire Medidata Clinical Cloud including Edge Archive, Payments and Rave EDC. Meanwhile, Edge Payments is the industry’s only global site for paying clinical research sites.
It is encouraging to note that Medidata Cloud has seen a slew of developments in recent times.
Last month, Hengrui Pharma of China adopted Medidata Cloud with a view to unify data management and improve patient outcome. (Read More: the complete list of today’s Zacks #1 Rank stocks here .
Integer Holdings projects earnings growth rate of 31.2% for the fourth quarter. It currently carries a Zacks Rank #2 (Buy).
OPKO Health’s long-term earnings growth rate is projected at 12%. The stock presently carries a Zacks Rank of 2.
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