Parexel: Roam Analytics transaction
Parexel, a company that offers solutions to accelerate development of therapies, has acquired the Natural Language Processing (NLP) technology assets and transfer of key personnel of Roam Analytics, a healthcare software company. The move is intended to strengthen Parexel’s ability to leverage artificial intelligence (AI) and machine learning (ML) to innovate.
“Over the course of our partnership with Roam Analytics, its technology has shown exceptional strength and reliability in not only reading a wide range of clinical data sources, but also in annotating and categorizing data for leading life sciences companies that we serve,” said Michelle Hoiseth, Parexel’s chief data officer. “By integrating the Roam Analytics’ technology into Parexel’s suite of services, we’ll be able to provide customers with an added level of safety and security and pursue our aim to reduce the time and cost of developing new treatments and get them in the hands of patients sooner.”