See the 16-slide presentation a startup used to sell investors on a new approach to solving a $50 billion problem for Big Pharma
Inato, which matches pharma companies with hospitals for clinical trials, just landed $20 million.We got an exclusive look at the 16-slide pitch deck Inato used to sell its updated strategy.in Series A funding in February 2020, Inato's founders realized they were making the wrong product.
According to Inato CEO and cofounder Kourosh Davarpanah, a wealth of community trial sites, including mid-size hospitals and research institutions, wanted to participate in the companies' research, which would also bring patient diversity to the trials. But the sites were struggling to build relationships with the drug companies.
So Inato pivoted, wiping its slate of clients clean and using the initial Series A funding to power its new vision, connecting pharma companies with more community trial sites to decrease competition with other companies over the same limited number of academic hospitals and improve diversity in clinical trials.in Series A-2 funding to keep going.
Inato provided Insider with the pitch deck it used to raise $20 million in Series A-2 funding. The company removed financial details from the presentation before sharing it with Insider.Inato helps Big Pharma companies diversify their clinical trials by connecting them with trial sites that have been largely overlooked.Over time, the cost of developing new drugs has gone up. Now, clinical trials tend to cost pharma companies more time and money in the $50 billion industry.
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