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Veeva Expands Market Reach Through Targeted Strategic Partnerships
ZACKS· 2025-07-09 16:55
Core Insights - Veeva Systems (VEEV) is strategically expanding its partnerships in 2025, enhancing its integration within the life sciences sector and driving growth [1][3][7] Partnerships and Collaborations - In June 2025, Veeva partnered with the Sarah Cannon Research Institute to implement its Clinical Platform at over 200 oncology research sites, validating its technology for cancer trials [1] - Astellas selected Veeva's Vault CRM as its global standard for commercial operations, including a version tailored for China [1] - Veeva collaborated with Zifo in January 2025 to facilitate the integration of lab quality data into Veeva LIMS, expediting system rollouts [1] - EVERSANA joined Veeva's partner program in April 2025 to co-develop generative AI tools for content creation and customer engagement [2] - Partnerships with DNAnexus and Accumulus Synergy have enhanced Veeva's regulatory capabilities, aiding pharma companies in managing global filings [2] Market Position and Performance - Veeva's partnerships are accelerating adoption, strengthening customer relationships, and creating new growth avenues in clinical research, AI engagement, and regulatory compliance [3] - VEEV shares have increased by 33.5% year-to-date, significantly outperforming the industry growth of 8.1% [6][7] Valuation and Earnings Estimates - Veeva trades at a forward price-to-sales ratio of 14.25, which is above the industry average [8] - The Zacks Consensus Estimate for VEEV's fiscal 2026 earnings suggests a 15.8% increase compared to the previous year [9] - Current earnings estimates for the upcoming quarters indicate a year-over-year growth of 17.28% for the current quarter and 15.76% for the current year [10]
Medtech Industry Establishes Foundation for Clinical Trials with Veeva MedTech
Prnewswire· 2025-06-11 11:03
More than 50 medtech companies, including 11 of the top 20, have adopted Veeva clinical applications for greater efficiency and speedPLEASANTON, Calif., June 11, 2025 /PRNewswire/ -- Veeva Systems (NYSE: VEEV) today announced that more than 50 medtech companies, including 11 of the top 20 medtechs and seven of the top 10 medtech clinical research organizations (CROs), have selected Veeva Clinical Platform applications to simplify and streamline medical device and diagnostics studies. With increasing regulat ...
Veeva and Sarah Cannon Research Institute Form Strategic Collaboration to Advance Oncology Clinical Trials
Prnewswire· 2025-06-04 11:03
Core Insights - Veeva Systems and Sarah Cannon Research Institute (SCRI) have formed a strategic collaboration to enhance the efficiency of oncology clinical trials across SCRI's 200+ research sites [1][2] - The adoption of Veeva Clinical Platform aims to unify SCRI's contract research organization (CRO) and site management organization (SMO) for improved data flow and trial processes [1][2] Company Overview - Sarah Cannon Research Institute is a leading oncology research organization with a focus on community-based clinical trials, having conducted over 850 first-in-human clinical trials and contributed to the majority of new cancer therapies approved by the FDA in the last decade [4] - Veeva Systems is recognized as the global leader in cloud software for the life sciences industry, serving over 1,000 customers, including major biopharmaceutical companies and emerging biotechs [5] Technology and Innovation - The Veeva Clinical Platform is a comprehensive solution that integrates various clinical operations and data applications, streamlining the clinical trial process from start to finish [3] - The collaboration is expected to standardize operations on a single platform, enabling SCRI to deliver faster and more cost-effective clinical trials [3]
Veeva Announces Research Site Clinical Trial Management System
Prnewswire· 2025-04-01 11:03
Cloud CTMS software to improve research site efficiency and integrate seamlessly with sponsors PLEASANTON, Calif., April 1, 2025 /PRNewswire/ -- Veeva Systems (NYSE: VEEV) today announced Veeva SiteVault CTMS, a clinical trial management system for research sites that is integrated with SiteVault eISF and SiteVault eConsent to allow sites to comprehensively manage clinical trials within one main system. Integration with sponsors using Veeva's Clinical Platform gives sites seamless bidirectional data flow to ...