Oracle snaps up cloud medical company

Database giant Oracle said that it will buy a cloud company called ClearTrial, but did not say how much it has paid for the firm. ClearTrial is a privately held company that started in 2004 and is based in Chicago.

The company specialises in applications for clinical trial operations. These apps monitor planning, financial performance, tracking and sourcing.

Its products are intended to help life science firms regulate the costs and complexities of bringing new products to the market, according to a statement from Oracle.

Oracle Health Science senior VP Neil de Crescenzo said that adding ClearTrial to its porfolio would help customers streamline the clinical development process and bring therapies to market at lower cost.

The ClearTrial apps will become part of the Oracle Health Sciences Cloud.