Trialbee raises $5M to bring mobile-enabled clinical trials business to US
Summary
Swedish clinical trial recruitment company Trialbee has raised $5 million in first-round funding from existing investors Industrifonden and Briban Invest. "We are successfully providing e-recruitment to an increasing number of leading top pharmaceutical companies," Tobias Folkesson, CEO of Trialbee, said in a statement. With additional funding we are well placed to further expand our business and grow the workforce to be able to help more customers save time and resources in their clinical trial programs." The mobile clinical trial space has been poised to heat up for a number of years now, but pharmas conservativism has kept it from being an explosive transition. In February, Austin, Texas-based clinical trial recruitment company ePatientFinder raised nearly $2.6 million from Parsons & Whittemore and a group of angel investors.