Press release

Medidata Launches Acorn AI™ and Appoints Dr. Rama Kondru as CIO

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Medidata
Solutions
(NASDAQ: MDSO) is taking the next significant step to
accelerate the digital transformation of life sciences in the age of
precision medicine. Today, Medidata is launching Acorn AI, a Medidata
company, and appoints Rama Kondru, Ph.D., as the chief information
officer for Medidata.

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Acorn AI is designed to provide actionable insights to the front lines
of decision-making by making data liquid across the entire lifecycle,
from R&D to commercialization. Leveraging the company’s AI capabilities
and expertise, customers and partners can now unlock the power of data
to conquer the most complex diseases.

Fueled by one of the largest regulatory-grade clinical data repositories
in the world and built upon Medidata’s cutting-edge platform, Acorn AI
immediately becomes one of the leading AI companies dedicated to life
sciences. The new business is backed by:

  • Medidata’s cumulative R&D investments in technology, data pipelines,
    data science, and acquisitions such as SHYFT Analytics
  • The Medidata platform, comprised of more than 17,000 clinical trials
    (5,000 active) and the ability to analyze 45 billion patient records
    from 2 million providers
  • The industry’s largest structured, standardized clinical data
    repository with over 4.8 million patients
  • More than 1,200 active customers with 150,000+ certified users

To solve companies’ most complex scientific and commercial challenges,
Acorn AI is proposing new products such as a Value Discovery Engine
to make better go/no-go decisions; Intelligent Trials to improve
study success and speed; Integrated Evidence to help demonstrate
value to regulators, payors, providers and patients; and Connected
Devices
to integrate the new generation of medical devices within
the digital healthcare ecosystem.

The Acorn AI team is led by industry veterans who are shaping the future
of life sciences. Sastry Chilukuri, who recently joined Medidata, is now
the president of Acorn AI. Rachel Sherman, M.D., former principal deputy
commissioner of FDA, joins as chief scientific and medical advisor.
Kathy McGroddy-Goetz, Ph.D., who joined Medidata from IBM Watson Health,
drives strategy and alliances. Rama Kondru, leads technology development
for Acorn AI, in addition to handling his broader responsibilities as
the newly appointed CIO of Medidata.

Full details of the team and products can be found at www.medidata.com/acornai.

“Life science firms are looking at data-centric and AI-based business
models to revamp functions, such as drug discovery, R&D, clinical
trials, and commercial operations, to cater to an evolving patient
profile, a converging ecosystem, and emerging therapy areas. They are
looking for strategic partners that can deliver AI-as-a-Service,
underwriting their risk of innovation. Medidata’s new venture, Acorn AI,
builds on a combination of deep life science pedigree, proprietary data
sets, and AI methodologies to help life science customers reimagine
their operating model,” said Nitish Mittal, Practice Director at Everest
Group.

To enable customers’ digital transformation with a purpose-built
platform and scalable data fabric, Medidata appoints Rama Kondru as its
first-ever CIO. He is now leading the company’s enterprise data
strategy, architecture and future platform development for Medidata’s
product portfolio. With his expertise, Medidata will accelerate the
creation of leading-edge technologies, such as AI and IoT capabilities,
for broad use in healthcare. Rama Kondru is now part of Medidata’s
senior leadership team.

As the former CIO of Janssen Americas, Rama Kondru is an innovative and
strategically focused executive with over 20 years of experience in
diverse roles in pharma, medical devices, data science, and academia. He
brings a wealth of experience designing and developing technology
products to deliver enhanced patient outcomes and experiences. Rama
Kondru is well recognized in the industry having received multiple
awards and developed 25 patents, along with authoring more than 30
peer-reviewed scientific publications.

“For 20 years we’ve been steadfast in our mission of powering smarter
treatments and healthier people by heavily investing in our platform,
data, AI and expertise,” said Tarek Sherif, chairman and chief executive
officer, Medidata. “With the launch of Acorn AI and Rama’s appointment,
we are now uniquely positioned to create a new paradigm for life science
companies who want to drive actionable insights at scale using data and
AI.”

About Acorn AI

Acorn AI™ is a Medidata company that represents the next horizon of the
industry leader’s 20-year mission of powering smarter treatments and
healthier people. Acorn AI is designed to make data liquid across the
entire lifecycle and to answer the most important questions in R&D and
commercialization for customers. Built upon the Mediata platform
comprising more than 17,000 trials and 4.8 million patients, Acorn AI
products feature one of the industry’s largest structured, standardized
clinical trial data repository connected with real world, translational
and other datasets. For more information: www.medidata.com/acornai

About Medidata

Medidata is leading the digital transformation of life sciences, with
the world’s most-used platform for clinical development, commercial, and
real-world data. Powered by artificial intelligence and delivered by the
#1 ranked industry experts, Medidata helps pharmaceutical, biotech,
medical device companies, and academic researchers accelerate value,
minimize risk and optimize outcomes. Medidata and its companies, Acorn
AI and SHYFT, serve more than 1,200 customers and partners worldwide and
empower more than 150,000 certified users every day to create hope for
millions of patients. Discover the future of life sciences: www.medidata.com