Astellas Chooses Veeva Vault CRM as Global Standard

Rhea-AI Summary

Veeva Systems (NYSE: VEEV) announced that Astellas has selected Veeva Vault CRM as their global standard platform, including Veeva China CRM for their Chinese operations. The collaboration aims to enhance Astellas' commercial agility and execution capabilities through Veeva's technology solutions and data. Vault CRM, part of the Vault CRM Suite, is designed to address industry-specific business needs and compliance requirements across different countries while enabling seamless collaboration between sales, marketing, and medical teams. This strategic partnership aligns with Astellas' mission of discovering and delivering transformative therapies for patients worldwide.

Positive

• Strategic partnership with major pharmaceutical company Astellas expands Veeva's global market presence
• Demonstrates strong market validation for Veeva's Vault CRM platform
• Potential for long-term recurring revenue through global implementation

Negative

• None.

Vault CRM will support Astellas' commercial agility and execution

PLEASANTON, Calif., June 4, 2025 /PRNewswire/ -- Veeva Systems (NYSE: VEEV) today announced Astellas has chosen Veeva Vault CRM globally and Veeva China CRM for China.

"At Astellas, we discover and deliver transformative therapies for patients around the world," said Nick Eshkenazi, chief digital and transformation officer at Astellas. "Having a foundation for commercial agility and execution is crucial. Our collaboration with Veeva will provide us with technology solutions and data to enhance our agility as a company while we partner with an entity that shares our values and focus on patients."

"Astellas is a leader in improving the health of people around the world through their innovative science and healthcare solutions," said Matt Farrell, president, commercial strategy at Veeva. "With Vault CRM, we are excited to deepen our partnership to support Astellas in that mission."

Vault CRM addresses the industry's unique and evolving country-specific business needs and compliance requirements. It is part of the Vault CRM Suite that connects sales, marketing, and medical teams for seamless collaboration and more effective commercial execution.

About Veeva Systems

Veeva is the global leader in cloud software for the life sciences industry. Committed to innovation, product excellence, and customer success, Veeva serves more than 1,000 customers, ranging from the world's largest biopharmaceutical companies to emerging biotechs. As a Public Benefit Corporation, Veeva is committed to balancing the interests of all stakeholders, including customers, employees, shareholders, and the industries it serves. For more information, visit veeva.com.

Veeva Forward-looking Statements

This release contains forward-looking statements regarding Veeva's products and services and the expected results or benefits from use of our products and services. These statements are based on our current expectations. Actual results could differ materially from those provided in this release and we have no obligation to update such statements. There are numerous risks that have the potential to negatively impact our results, including the risks and uncertainties disclosed in our filing on Form 10-Q for the period ended April 30, 2025, which you can find here (a summary of risks which may impact our business can be found on pages 32 and 33), and in our subsequent SEC filings, which you can access at sec.gov.

Contact:

Alison Borris
Veeva Systems
925-226-8821
alison.borris@veeva.com

 

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SOURCE Veeva Systems

FAQ

What is the significance of Astellas choosing Veeva Vault CRM for VEEV stock?

This partnership demonstrates market validation for Veeva's CRM platform and expands their global presence, potentially leading to increased recurring revenue through implementation with a major pharmaceutical company.

What features does Veeva Vault CRM offer to Astellas?

Veeva Vault CRM offers country-specific business solutions, compliance requirements management, and connects sales, marketing, and medical teams for seamless collaboration and commercial execution.

Why did Astellas choose Veeva Systems for their CRM needs?

Astellas selected Veeva for their technology solutions and data capabilities to enhance commercial agility, citing alignment with their values and focus on patients.

How will Veeva Vault CRM be implemented at Astellas?

Veeva Vault CRM will be implemented globally across Astellas' operations, with a specific version (Veeva China CRM) for the Chinese market.

What is the Vault CRM Suite that Veeva offers?

The Vault CRM Suite is a comprehensive platform that connects sales, marketing, and medical teams, enabling seamless collaboration and effective commercial execution while meeting country-specific business needs and compliance requirements.