The startup operates a cloud-based platform that facilitates the management of pharmaceutical clinical trials through integrated planning, outsourcing, and financial contract management. By providing detailed insights and analytics on clinical portfolios and provider performance, the platform enhances operational efficiency and decision-making for businesses in the pharmaceutical sector.
Funding
$21M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Pharmaceutical companies and CROs face challenges in efficiently planning, budgeting, and managing clinical trials due to reliance on disparate tools and manual processes. This often leads to inaccurate cost projections, budget overruns, and delays in study timelines.
Solution
Strategikon Pharma's Clinical Maestro is a cloud-based platform that streamlines clinical trial management by integrating planning, budgeting, sourcing, and vendor management into a unified system. The platform leverages AI and a proprietary Data Trove to provide accurate cost benchmarking, enabling users to create comprehensive budgets with greater than 95% accuracy. Clinical Maestro automates RFP processes, facilitates vendor selection, and manages contracts, reducing manual tasks and improving operational efficiency. Its modular design and scalable architecture cater to the needs of small, medium, and large biopharmaceutical companies, as well as CROs, offering a single source of truth for clinical business operations.
Target Audience
The primary target audience includes clinical operations professionals, finance teams, R&D procurement departments, and vendor managers within biopharmaceutical companies and CROs.
Features
- AI-powered bid grid mapping to ensure accurate cost comparisons across different vendor proposals
- Proprietary Data Trove with billions of data points for precise, activity-based costing
- Automated RFP management to streamline vendor selection and reduce outsourcing time
- Integrated contract management to track budgets, change orders, and out-of-scope activities
- Vendor performance management tools to monitor vendor compliance and improve governance
- Customizable dashboards and reports for real-time insights into clinical trial finances and operations
- Algorithm builder for creating custom costing models based on preferred rate cards and historical data
- Native integration with SOURCE and LEAD modules for seamless data flow and workflow automation