Cytel

Cambridge, Massachusetts, USA
VISIT WEBSITE
Cytel is a multinational statistical software developer and contract research organization (CRO) headquartered in Cambridge, Massachusetts. Founded in 1987 by Harvard University and MIT researchers Cyrus Mehta and Nitin Patel, Cytel has evolved into the largest provider of statistical software and advanced analytics for clinical trial design and execution. The company specializes in adaptive clinical trial designs—a methodology that allows modifications to ongoing trials while preserving statistical validity—and serves as a trusted partner to 37 of the world's 40 largest pharmaceutical companies and regulatory bodies including the FDA and EMA. With over 1,600 employees across 15 offices spanning North America, Europe, and Asia, Cytel delivers comprehensive services including trial design, biometrics, data management, real-world evidence solutions, and advanced analytics platforms. The company's software and services are used by over 500 life sciences customers and contribute to more than 300 adaptive trials annually.
CLASSIFICATION
Company Type:CRO
Industry:Contract Research Organization (CRO)
Sub-Industry:Clinical Trial Software & Services, Biometrics, Advanced Analytics
SIZE & FINANCIALS
Employees:1001-5000
Revenue:$328.9M-$399.1M
Founded:1987
Ownership:private
Status:operating
FUNDING
Stage:Post-IPO/Mature
Investors:New Mountain Capital (former owner), Nordic Capital (current), Astorg Partners (current)
PIPELINE
Stage:N/A - Service Provider
Lead Drug Stage:N/A
Modalities:Clinical trial design services, Statistical software, Data analytics, Biometrics, Real-world evidence solutions, Risk-based monitoring
CORPORATE STRUCTURE
Acquired By:Nordic Capital and Astorg Partners (2020-12-21)
Key Partnerships:OneMedNet: Real-world evidence solutions partnership integrating medical imaging data with electronic health records, Nested Knowledge: Partnership for AI-powered systematic literature review technology, Parexel: Technology partner relationship for clinical research services, FDA: Regulatory relationship - Cytel software used by FDA divisions, EMA: Regulatory relationship - Cytel software and services used by European Medicines Agency
COMPETITION
Position:Leader
Competitors:IQVIA, Syneos Health, ICON plc, Parexel (now part of Pameco), LabCorp, Charles River Laboratories, DNAnexus, PPD +1 more
LEADERSHIP
Key Executives:
Jovan Willford - Chief Executive Officer
Cyrus Mehta - Co-Founder and President
Nitin Patel - Co-Founder and Research Lead
Scientific Founders:Cyrus Mehta, Nitin Patel
Board Members:Jovan Willford (CEO and Board Member), Daniel Berglund (Board Member), Judith Charpentier (Board Member)
LINKS
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