Drug Discovery and Development

Verana Health raises $150M in Series E funding

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Verana HealthFocusing on insights based on real-world data (RWD) related to drug lifecycle and medical practice, Verana Health (San Francisco) has just hauled in $150 million Series E funding.

Verana Health’s current fundraising total is $288.8 million, according to CrunchBase.

Johnson & Johnson Innovation (JJDC) and Novo Growth led the most recent funding round.

Also joining the funding round was Merck Global Health Innovation Fund, THVC and Breyer Capital.

Prior investors include GV (formerly Google Ventures), Casdin Capital and Brook Byers.

Founded in 2018, Verana Health has established exclusive partnerships with three specialty medical societies and several Big Pharma companies. It also has customers in biotech and biopharma, and also supports contract research organizations.

Its RWD network includes input from more than 20,000 healthcare providers. In addition, the network consists of data from more than 90 million de-identified patients.

The company will use part of the funding to build up its offerings related to natural language processing to parse electronic health record (EHR) notes.

Filed Under: clinical trials, Drug Discovery
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About The Author

Brian Buntz

As the pharma and biotech editor at WTWH Media, Brian has almost two decades of experience in B2B media, with a focus on healthcare and technology. While he has long maintained a keen interest in AI, more recently Brian has made making data analysis a central focus, and is exploring tools ranging from NLP and clustering to predictive analytics.

Throughout his 18-year tenure, Brian has covered an array of life science topics, including clinical trials, medical devices, and drug discovery and development. Prior to WTWH, he held the title of content director at Informa, where he focused on topics such as connected devices, cybersecurity, AI and Industry 4.0. A dedicated decade at UBM saw Brian providing in-depth coverage of the medical device sector. Engage with Brian on LinkedIn or drop him an email at bbuntz@wtwhmedia.com.

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