Medidata Solutions: The One Healthcare Stock That’s Not Sucking Up to Washington
Louis Basenese (September 25th, 2009) Writes:
When it comes to the healthcare debate, let’s keep one obvious fact in mind: Expenses are out of control and must be reined in. That’s true with or without a massive reform bill.
And that plays right into the hands of Medidata Solutions Inc. (Nasdaq: MDSO).
The company is a leading provider of electronic data capture (EDC) and clinical data management systems (CDMS). In laymen’s terms, it helps drug companies go from the Dark Age into the Digital Age.
And it’s a transformation that we desperately need. Here’s why…
Anyone For a Tedious, Time-Consuming Paper Trail?
Roughly 75% of all clinical trials – the most critical function of drug companies, yet also the biggest drain on resources ($45 billion, annually) – are done on paper.
That’s right. Even in today’s high-tech world, in three out of four clinical trials, information for each patient is literally recorded on pre-printed paper, specifically a case
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