Pro-ficiency
The business, the turning points, and the decisions behind them.
Some sections are still being researched2 / 4
Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company does
Pro-ficiency is a Durham, North Carolina-based provider of tech-enabled training and compliance solutions for clinical trials, founded by David Hadden and JoAnne Schaberick. Its virtual simulation training for investigators and site staff, supported by original content creation and real-time analytics, helps leading pharmaceutical companies improve learning retention, predict and avoid study errors and protocol violations, and reduce the time, cost and failure points of clinical trials. NovaQuest Private Equity made a strategic growth equity investment in the company, and Michael Raymer joined as CEO in 2021.
02 / FAILURE REASONS
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03 / EVENT HISTORY
Events in the structured record
- VCIC win
Pro-ficiency won the start-up component of the Venture Capital Investment Competition at UNC Kenan-Flagler for the second time.
- NovaQuest investment and new CEO
NovaQuest Private Equity made a strategic growth equity investment; healthcare executive Michael Raymer joined as CEO, with co-founders David Hadden and JoAnne Schaberick continuing in innovation and client-relations roles.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
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Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
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