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Tern Plc report successful year with improved results across all financial indicators

Scottish medical tech firm raises £1 5m to support US expansion

Glasgow-based Talking Medicines has closed a fresh £1.5 million investment round to support expansion plans in its target North American market.

Tern portfolio company Talking Medicines fund raise - DirectorsTalk Interviews

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Glasgow-based data tech specialist launches into multi-billion drug market

Jo Halliday, chief executive of Talking Medicines By Kristy Dorsey Scottish data tech company Talking Medicines has launched its new service providing marketing intelligence to the pharmaceutical industry. Using text mining technologies, PatientMetRx collects data from sites such as Reddit, Twitter, online forums and blogs to produce a systematic measurement of patients’ experience of taking medicines. This data is filtered by artificial intelligence (AI) developed by Talking Medicines that removes irrelevant information to focus on what it being said about medicines, health conditions, symptoms and so forth. Drawing from what the company claims are “millions of conversations”, this information is mapped against a database of 130,000 globally-regulated medicines to produce a “patient confidence score”, offering a systematic way of understanding trending patient trust in their drug brands.

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