Veeva Announces Research Site Clinical Trial Management System

Rhea-AI Summary

Veeva Systems (NYSE: VEEV) has announced SiteVault CTMS, a new clinical trial management system designed to enhance research site efficiency. The system will be integrated with SiteVault eISF and SiteVault eConsent, enabling comprehensive trial management within a single platform.

The solution features bidirectional data flow integration with sponsors using Veeva's Clinical Platform, aimed at reducing manual processes. Notably, SiteVault CTMS will be free for sites managing up to 20 concurrent active studies, representing over 90% of research sites.

The initial release is planned for August 2025, with live demonstrations scheduled during ACRP 2025 in New Orleans (April 24-27).

Positive

• Free offering for majority of research sites (90%) demonstrates market penetration strategy
• Integration with existing Veeva platforms creates comprehensive ecosystem
• Potential for increased market share in clinical trial management space

Negative

• Revenue impact may be due to free offering to majority of sites
• Product launch not until August 2025 delays potential market impact

News Market Reaction

-1.61%

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-1.61% News Effect

On the day this news was published, VEEV declined 1.61%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Cloud CTMS software to improve research site efficiency and integrate seamlessly with sponsors

PLEASANTON, Calif., April 1, 2025 /PRNewswire/ -- Veeva Systems (NYSE: VEEV) today announced Veeva SiteVault CTMS, a clinical trial management system for research sites that is integrated with SiteVault eISF and SiteVault eConsent to allow sites to comprehensively manage clinical trials within one main system. Integration with sponsors using Veeva's Clinical Platform gives sites seamless bidirectional data flow to sponsors to reduce manual processes and increase efficiency.

"We need to work efficiently to help more families enroll their children in studies and get lifesaving treatment," said Theresa Oswald, director of research operations and conduct at Ann & Robert H. Lurie Children's Hospital of Chicago. "In our experience, we have found that systems like Veeva SiteVault with a CTMS provide a streamlined user experience. This can help drive speed for the benefit of our patients."

"We are excited to bring Veeva SiteVault CTMS to the industry," said Nick Frenzer, general manager, site solutions at Veeva. "High-quality cloud software and seamless sponsor integration will help sites be more efficient. By making the SiteVault suite free for over 90% of research sites, we are doing our part as a Public Benefit Corporation to improve clinical research for sites and sponsors."

Veeva SiteVault CTMS is planned for initial release in August 2025 and will be free for sites with up to 20 concurrent active studies. Learn more about Veeva SiteVault CTMS and see a live demo during ACRP 2025, April 24-27, in New Orleans.

Additional Information
For more on Veeva's site solutions, visit sites.veeva.com Connect with Veeva on LinkedIn: linkedin.com/company/veeva-systems

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, including certain of our new solutions and applications that are still under development or not generally available. These statements are based on our current expectations. Actual results, availability, and any future events relating to these products and services 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-K for the fiscal year ended January 31, 2025, which you can find here (a summary of risks which may impact our business can be found on pages 9 and 10), and in our subsequent SEC filings, which you can access at sec.gov.

Contact:
Deivis Mercado
Veeva Systems
925-226-8821
deivis.mercado@veeva.com

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SOURCE Veeva Systems

FAQ

When will Veeva (VEEV) launch its SiteVault CTMS system?

Veeva Systems plans to launch SiteVault CTMS in August 2025.

How much will Veeva's (VEEV) SiteVault CTMS cost for research sites?

SiteVault CTMS will be free for research sites managing up to 20 concurrent active studies.

What integration features does Veeva's (VEEV) new CTMS offer?

It integrates with SiteVault eISF, SiteVault eConsent, and offers bidirectional data flow with sponsors using Veeva's Clinical Platform.

What percentage of research sites will qualify for free access to VEEV's SiteVault CTMS?

Over 90% of research sites will qualify for free access to the CTMS system.