Veeva Launches eSource to Enhance Clinical Data Quality
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5h ago
0mins
Source: PRnewswire
- Quality Improvement: Veeva's newly launched eSource application significantly reduces manual data entry through direct data capture, which is expected to enhance the quality and efficiency of clinical research, allowing institutions to focus more on patient care.
- Process Optimization: The integration of eSource with EDC facilitates smoother data flow from research sites to sponsors, minimizing errors in data transmission and improving overall research efficiency.
- Market Demand Response: The introduction of Veeva eSource addresses the urgent market need for simplified clinical research processes, likely attracting more early adopters and further solidifying Veeva's leadership position in the life sciences sector.
- Strategic Vision Realization: Veeva aims to achieve standardization and networking of clinical research through eSource, enhancing the experience for sponsors, sites, and patients, and driving the industry towards greater efficiency.
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Analyst Views on VEEV
Wall Street analysts forecast VEEV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for VEEV is 317.10 USD with a low forecast of 222.00 USD and a high forecast of 380.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
23 Analyst Rating
16 Buy
6 Hold
1 Sell
Moderate Buy
Current: 217.990
Low
222.00
Averages
317.10
High
380.00
Current: 217.990
Low
222.00
Averages
317.10
High
380.00
About VEEV
Veeva Systems Inc. is a provider of cloud solutions for the global life sciences industry. It offers span cloud software, data, and business consulting and is designed to meet the needs of its customers and the strategic business functions from research and development (R&D) through commercialization. Its four product categories include Veeva Development Cloud, Veeva Quality Cloud, Veeva Commercial Cloud, and Veeva Data Cloud. Veeva Development Cloud includes application suites for the clinical, regulatory, and safety functions of life sciences companies, all built on its Veeva Vault platform. Veeva Quality Cloud unifies applications, processes, and partners across content management, training, quality management, assurance, and control lab solutions on the Veeva Vault platform. Veeva Commercial Cloud is a product category comprised of software and analytics solutions. Veeva Data Cloud is a data platform comprised of connected reference data, deep data, and transaction data.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Veeva Launches eSource to Enhance Clinical Data Quality
- Quality Improvement: Veeva's newly launched eSource application significantly reduces manual data entry through direct data capture, which is expected to enhance the quality and efficiency of clinical research, allowing institutions to focus more on patient care.
- Process Optimization: The integration of eSource with EDC facilitates smoother data flow from research sites to sponsors, minimizing errors in data transmission and improving overall research efficiency.
- Market Demand Response: The introduction of Veeva eSource addresses the urgent market need for simplified clinical research processes, likely attracting more early adopters and further solidifying Veeva's leadership position in the life sciences sector.
- Strategic Vision Realization: Veeva aims to achieve standardization and networking of clinical research through eSource, enhancing the experience for sponsors, sites, and patients, and driving the industry towards greater efficiency.
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Veeva Launches eSource to Enhance Clinical Trial Data Quality
- Optimized Data Flow: Veeva eSource eliminates paper records through a direct data capture application, making the process of transferring clinical trial data from sites to sponsors more efficient, which is expected to significantly reduce data transfer time and error rates.
- Enhanced Quality Control: The implementation of the new system will minimize the need for manual processing and quality control, allowing researchers to focus more on patient care, thereby improving the overall quality and efficiency of clinical trials.
- Platform Integration Benefits: As part of the Veeva SiteVault platform, Veeva eSource requires the use of SiteVault CTMS, further simplifying the experience for both sites and patients while enhancing data transparency and integration.
- Broad Market Prospects: Veeva eSource is expected to be available to early users in the second half of 2026, marking a significant step in the company's push for digital transformation in clinical trials, potentially attracting more biopharmaceutical companies to adopt this technology.
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