Data MATRIX and its founder Dmitry Sharov were ranked among top 20 most successful MedTech entrepreneurs

Data MATRIX and its founder Dmitry Sharov were ranked among top 20 most successful MedTech entrepreneurs

Rusbase has published a ranking of the most successful entrepreneurs working in the MedTech field. Business success was estimated by the size of the revenue over the past year. The emphasis has been placed on the entrepreneurial success stories within the past 10 years. Dmitry Sharov, the founder of Data MATRIX, also entered the rating.

The Data MATRIX company, founded by Dmitry Sharov, specializes in SaaS products for automating clinical research processes, data management services and has been already gaining presence in the foreign markets. For instance, earlier this year, in April, the startup announced its having signed a partnership agreement with the Seoul CRO, one of the leading contract research organizations in South Korea. With the staff of 73 employees Data MATRIX continues to invest in setting up business processes and plans to reach the break-even point during the next year.

The results of the implementation of Data MATRIX solutions for partners in Russia, Europe and the USA show impressive results: up to 40% reduction of time costs at the set-up stage and project closing, reduction in total expenses up to 70%. In addition, the built-in algorithms in the system exclude incorrect data entry or data loss, allowing users to monitor the progress of the research online, which improves the quality of the results. The penetration of eClinical solutions in the field of clinical research in will keep growing. Nowadays, many studies in Russia are still being done on paper, which significantly impairs the quality of the obtained data and increases the effort required to conduct a study. Based on these factors, we see a great potential for growth of the market and our product,” says Dmitry Sharov.