PicnicHealth Acquires Rare Disease Data Platform AllStripes
October 23, 2023
Rare Daily Staff
Healthcare evidence generator PicnicHealth said it is acquiring AllStripes, a rare disease patient data platform, in a move that expands its footprint and relationships.
The companies did not disclose the financial terms of the agreement.
PicnicHealth engages directly with patients to collect and curate comprehensive clinical data and patient-reported outcomes to generate rich insights across patient healthcare journeys.
Historically, generating such evidence has required the establishment of a network of clinical sites, which are expensive to operate, burdensome to patients and sites, and often lead to delays. PicnicHealth and AllStripes have operated under a new model by working directly with patients, which enables a deeper view of each patient’s health and experience while reducing the challenges of traditional site-based studies.
“Through this acquisition, PicnicHealth will be able to better engage our patient community by incorporating the best of AllStripes’ patient experience into the PicnicHealth platform,” said Noga Leviner, CEO of PicnicHealth. “By combining forces, we can unlock the potential of patient-centered studies and provide best-in-class solutions to support therapeutic development.”
Through direct and long-term engagement with the PicnicHealth and AllStripes patient communities, PicnicHealth will expand and enhance solutions available to life sciences customers. The focus of the solutions will be making clinical research and registry development more effective and efficient.
“This deal builds on the premise that patient-centric evidence generation can empower patients and ultimately accelerate the development of new treatments,” said Nancy Yu, CEO of AllStripes. “PicnicHealth will continue both companies’ work to harness the power of patient data to support biomedical research.”
The acquisition follows AllStripes’ $50 million Series B funding round in 2021 and PicnicHealth’s $60 million Series C round in 2022.
Photo: Nancy Yu, CEO of AllStripes
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