Medidata Solutions

Medidata Solutions
Courtesy of Medidata Solutions

    Multinational drug developers like GlaxoSmithKline and ­Bristol-Myers Squibb have taken their clinical research and trials to the cloud, thanks to Medidata’s software. Already, the company’s clinical cloud platform is being used by 17 of the top 25 global pharmaceutical companies, and nine of the 10 bestselling drugs in the world were developed on the platform. That success helped push revenues last year to $463 million, up 18% from the previous year. To keep more established competitors like Oracle at bay, Medidata will need to continue diversifying its customer base—the company’s top five customers accounted for approximately a quarter of sales last year.

    Company Information

    Overall Score32
    SectorHealth Care
    IndustryHealth Care: Pharmacy and Other Services
    CEOTarek A. Sherif
    HQ LocationNew York, N.Y.
    Revenues ($M) (Past 12 Months)$509
    Profits ($M) (Past 12 Months)$36
    Market Value as of Oct. 9, 2017 ($M)$4,717