Norwest Venture Partners-led financing helps
meet growing demand for scalable patient engagement
platform
NEW
YORK, July 9, 2024 /PRNewswire/ -- Courier
Health, a technology company reimagining how life science
manufacturers engage and support patients, today announced a
$16.5 million Series A led by Norwest
Venture Partners with participation from existing investor
Work-Bench. The funding will support continued product innovation
and hiring across engineering and sales to bring the company's
purpose-built customer relationship management (CRM) platform to
more biopharma partners in search of a comprehensive system for
coordinating and personalizing the patient journey.
Specialty medicines made up 93% of all drug approvals and the
vast majority of R&D pipelines last year. Biopharma companies
are building internal organizations to provide access,
affordability and adherence support for these innovative therapies,
yet they lack the specialized technology and data-driven visibility
to coordinate efficiently across internal and external
stakeholders.
"The number of specialty medicines has exploded over the last
decade, forcing the evolution of commercial models to focus on the
patient experience," said Danny
Sigurdson, founder and CEO of Courier Health.
"Unfortunately, the industry average remains that 60% to 70% of
patients who are prescribed a specialty medicine either never start
or discontinue within the first few months. We are thrilled to work
with Norwest Venture Partners to advance our product innovation and
add best-in-class talent to help more patients start and stay on
these critically important medicines."
Courier Health provides the only patient-based CRM platform
developed specifically for biopharma field access, patient services
and marketing teams to gain complete visibility and control over
the end-to-end patient journey. The platform connects disparate
data sets, enabling centralized patient and provider management,
omnichannel workflow automation and advanced analytics—without the
high cost of custom-built software. Companies that choose Courier
Health are achieving double-digit improvements to patient starts,
time-to-start and ongoing adherence to life-altering therapies.
"Specialty therapies are changing the commercial playing field
for biopharma organizations, creating strong demand for a CRM
solution built specifically for the industry," said Irem Rami,
principal at Norwest Venture Partners. "Courier Health's CRM
platform provides the long overdue technology that enables
biopharma teams to deliver personalized patient engagement and
support at scale. We look forward to supporting the Courier Health
team in realizing their mission to redefine the biopharma patient
experience."
Read more here about how leading biopharma companies are
integrating patient-centricity into their overall brand
experience.
About Courier Health
Courier Health is a
New York City-based technology
company on a mission to improve the patient experience for the
millions living with chronic conditions or rare diseases. The
company is developing the future of patient engagement with a
purpose-built customer relationship management (CRM) for life
sciences companies. For more information, visit
www.courierhealth.com or follow on LinkedIn.
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SOURCE Courier Health