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RESEARCH TRIANGLE PARK, N.C. - IQVIA (NYSE:IQV) announced Tuesday a strategic collaboration with Amazon Web Services (AWS), designating AWS as its "Preferred Agentic Cloud Provider." The partnership aims to enhance clinical trial automation, medical affairs and healthcare analytics through an AI platform. The announcement comes as IQVIA, a $38.9 billion market cap company, continues to strengthen its position as a prominent player in the Life Sciences Tools & Services industry.
Under the agreement, IQVIA will deploy its artificial intelligence platform on AWS to improve automation across clinical trial execution, medical affairs and healthcare analytics. The companies plan to explore new opportunities in life science analytics to develop data-driven insights and solutions.
"Our AI platform aims to empower life sciences organizations to innovate faster and deliver treatments to patients more efficiently," said Lucas Glass, SVP of Architecture and Standards at IQVIA, according to the company’s press release.
Allyson Fryhoff, Director of Global Healthcare and Life Sciences at AWS, stated that AWS will support IQVIA’s platform "with the full breadth of AWS’s cloud capabilities."
The collaboration comes as both companies already serve 90% of the world’s largest pharmaceutical companies, according to the announcement. The partnership focuses on using AI technology to accelerate drug innovation and treatment delivery.
IQVIA provides clinical research services, commercial insights and healthcare intelligence to life sciences and healthcare industries, with approximately 91,000 employees across more than 100 countries.
The announcement was made at AWS re:Invent, as stated in the company’s press release.
In other recent news, IQVIA Holdings has been the focus of several analyst updates and corporate developments. Morgan Stanley assumed coverage on IQVIA Holdings with an Overweight rating, setting a price target of $265.00, anticipating decent demand for clinical stage CRO work in 2026. Meanwhile, Baird upgraded IQVIA Holdings from Neutral to Outperform, raising its price target to $258.00, citing a moderately improving environment in the research and development sector. In contrast, TD Cowen downgraded the stock from Buy to Hold, although it raised the price target to $215.00, pointing to valuation concerns as the reason for the downgrade.
Additionally, IQVIA Holdings announced the appointment of Nobel laureate Dr. William G. Kaelin Jr. to its board of directors. Dr. Kaelin, recognized for his work on oxygen sensing, brings significant expertise to the company. These developments reflect a period of strategic changes and varied analyst perspectives for IQVIA Holdings.
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