WHITE PAPER Modernizing Clinical Trials Through Decentralization and Digitization VE E VA . CO MWHITE PAPER 2 VE E VA . CO M Amid the turmoil of the COVID-19 pandemic, an unexpected benefit has been the accelerated exploration of methods to modernize clinical trials. Medtech companies, in particular, now have new opportunities to conduct clinical research faster, more effectively, and at a lower cost than traditional methods. Shortcomings of traditional clinical trials Clinical research is the first step to introducing medical device and diagnostic innovations to the public and requires the highest levels of safety, compliance, and data quality. Achieving those benchmarks comes with common challenges and pitfalls, including: Time. It takes significant time to get systems up an

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