TetraScience | Top 20 Biotech Solution Company - 2018
TetraScience: Centralize Scientific Data, Enhance Research Efficiency
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CIOREVIEW >> Biotech >> TetraScience

TetraScience has been recognized by CIOReview Magazine as the recipient of “Top 20 Biotech Solution Companies - 2018,” based on our proprietary methodology, reflecting its position in the industry. This profile has been developed by the CIOReview research and editorial team based on insights from an interview with Alok Tayi, CEO.

TetraScience
Centralize Scientific Data, Enhance Research Efficiency

TetraScience

Alok Tayi, CEO
"We have observed a new mindset in drug development called the ‘digital biotech;' whether it’s a big pharma company or a small biotech company, these organizations are adopting new approachs which emphasize being data driven, agile, and collaborative,” begins Alok Tayi, PhD CEO of TetraScience. However, in the life sciences industry, data is scattered over numerous places, from instrumentation inside laboratories to software databases to external collaborators such as CROs and CMOs. "In such a complex and heterogeneous scenario, there are a multitude of business problems that need to be resolved.” While finding and analyzing data from numerous sources is a daunting task, entering data manually from one system to another hinders the overall research and drug development process. At a higher level, it leads to difficulty in learning from historical data, tracking projects and in using the data for mission-critical projects like NDA filings for the FDA.

As a true innovator in the life sciences industry, TetraScience provides a cloud-based Data Integration Platform that centralizes data from disparate sources inside an organization into a single repository. Common data sources integrated include chromatography systems, ELN/LIMS, and file-based instruments. "We believe that data is the lifeblood of the life sciences industry as it’s essential for making scientific and organizational decisions. We are empowering companies to effectively use their data," says Tayi. Eliminating the problems of siloed applications, TetraScience enables pharma and biotech companies to be more productive, compliant, and consistent by giving them the ability to monitor, track, and interact with data. APIs at the back end of the Platform facilitate movement of data from instruments and labs to users and management, allowing visualization and analysis of data through a single dashboard in real time, from anywhere.

As data is collected, TetraScience’s Lab Monitoring solution allows monitoring of clients’ instruments such as incubators and freezers. Using integrated sensors, the company enables clients to keep an eye on all their instruments in real time with an intelligent dashboard and alerting system. Clients can also gain insights into the usage of capital instrumentation and the way their labs are operating through TetraScience’s Instrument Utilization.

We want to help life sciences companies drive their enterprise data strategy by automating the collection and analysis of scientific and operational data


The solution provides meaningful reporting and analytics on instrument usage and helps save money on unused equipment and service contracts. “We leverage the power of our Data Integration Platform not only to connect data from various sources, but also to deliver specific value to customers as they continue with drug development,” remarks Tayi.

Serving numerous top-tier customers from the pharma and biotech field, TetraScience is a preferred solution provider when it comes to Data Integration services. One such happy client is a biotech company publicly traded at 150 billion dollars. They faced challenges around collecting and entering data in a timely and compliant fashion to perform analytics for manufacturing drugs. With the TetraScience Data Integration Platform, the client was able to extract data from their instrumentation in real time, standardize it, and automatically enter the data into their electronic lab notebook. “We helped them reduce the time from hours to minutes, ensure compliance with data accuracy, and make the best decisions around manufacturing processes. With our solution, the client was able to benefit from a 5x ROI.”

TetraScience is well aligned with the data strategy of for life sciences companies by enabling data collection and centralization. The company also works with customers to drive innovation in machine learning and artificial intelligence and apply it to the drug development process. “We want to help life sciences companies drive their enterprise data strategy by automating the collection and analysis of scientific and operational data,” concludes Tayi.

TetraScience

News

Bayer AG Enters Into Agreement With TetraScience to Ignite Innovation by Maximizing the Value of Its Scientific Data

Wednesday, February 07, 2024

BOSTON - Bayer AG (BAYRY), a prominent global pharmaceutical and biotechnology company, has entered into an agreement with TetraScience, the Scientific Data and AI Cloud company, with the goal of optimizing the utilization of scientific data and fostering innovation. This collaboration is geared towards supporting Bayer's commitment to advancing the next generation of transformative therapeutics and ensuring global food security.

Utilizing the Tetra Scientific Data and AI Cloud™, teams at Bayer across various divisions, such as cell and gene therapy, biopharma, and crop sciences, will have the capability to gather, centralize, and convert scientific data into a fluid, vendor-agnostic format. This standardized format will be easily accessible for lab informatics, data science, and AI applications, providing researchers with the opportunity to extract valuable insights that have the potential to expedite product development.

“We are excited to partner with TetraScience on our digital transformation journey and to drive innovation,” says Oliver Hesse, Bayer's Vice President and Head of Biotech Data Science and Digitalization. "By maximizing the value of our scientific data and leveraging advanced data management and data science solutions, we can unlock new insights and opportunities for breakthrough innovations. This collaboration with TetraScience is an integral part of our broader digital transformation strategy, enabling us to enhance our R&D capabilities.”

As Bayer persists in its digital innovation initiatives spanning various divisions, the collaboration among laboratories, scientific groups, informatics technologies, and divisions is of paramount importance. The incorporation of a cloud-based data platform offered by TetraScience will empower scientists with the capability to effortlessly access and correlate data within the context of experiments. Moreover, it enables the seamless sharing of data among teams operating in both regulated and non-regulated environments.

“We are proud to have Bayer as a partner,” says Patrick Grady, Chairman and CEO of TetraScience. “Together, we will continue to push the boundaries of discovery by maximizing the value of scientific data and opening the path to AI. Supporting Bayer’s relentless focus on unrestricted scientific innovation with the Tetra Scientific Data and AI Cloud will help solve some of the greatest human challenges.”

Top 20 Biotech Solution Companies - 2018

Company
TetraScience

Headquarters
Boston, MA

Management
Alok Tayi, CEO

Description
Provides a data integration platform to bring data from various sources, such as instruments, CRO/CMOs, and software systems, to a single, cloud-based dashboard

Top 20 Biotech Solution Companies - 2018

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