Veeva Announces New Application to Optimize Quality Control Labs

Veeva Vault LIMS to unify lab and quality processes for increased efficiency and productivity

BARCELONA, Spain, Sept. 28, 2021 /PRNewswire/ -- Veeva Systems (NYSE: VEEV) today announced Veeva Vault LIMS, a new cloud application to modernize quality control (QC) lab operations. The addition of Vault LIMS to Veeva Vault Quality Suite will enable manufacturing organizations to seamlessly connect their lab operations with the broader quality ecosystem. This will streamline sample management, test execution, and lab investigation processes for faster batch release and reduced inventory carrying costs.

"There is a significant opportunity to bring together lab and quality processes for faster, more accurate lab testing," said Brian Brunner, managing director at Accenture. "Veeva's LIMS application will bring to market a powerful, modern, cloud solution spanning quality operations. This is welcome news as the industry looks for ways to drive greater efficiency and effectiveness across quality."

Vault LIMS will enable easy information sharing between lab users and partners and deliver real-time data for more informed decision-making. Manufacturers can leverage industry-standard workflows with built-in best practices to automate lab processes and improve test speed, reliability, and accuracy.

"Our vision to advance medicine and society with innovative therapeutics requires modernizing our lab ecosystem," said Bryan Holmes, vice president of information technology at Andelyn Biosciences. "A cloud LIMS solution with a strategic vision for lab productivity, efficiency, and quality system integration can help the industry drive change for the advancement of therapies." 

Seamless integration with Veeva Vault QMS, Veeva Vault QualityDocs, and Veeva Vault Training will enable the use of standard operating procedures (SOPs), job-aids, and relevant reference content across lab operations. With a unified suite of quality and lab applications, manufacturers can optimize lab management and significantly simplify their systems landscape.

"Quality control labs have to adapt to the increasingly complex demands of today's manufacturing and supply chain landscape," said Jason Boyd, senior director of Vault LIMS at Veeva Systems. "Vault LIMS will bring together lab and quality applications to improve productivity and accelerate time to market."

Vault LIMS is part of the Vault Quality Suite, including Vault QMS, Vault QualityDocs, and Vault Training. Vault Quality Suite enables manufacturers to easily manage quality and lab operations in one unified solution and delivers the power and scalability needed across the life sciences value chain.

Vault LIMS is planned for availability in the second half of 2022. To learn more about Vault LIMS, visit veeva.com/eu/VaultLIMS or attend Veeva R&D and Quality Summit Connect on 14 October 2021.

Additional Information
Connect with Veeva on LinkedIn: linkedin.com/company/veeva-systems
Follow @veeva_eu on Twitter: twitter.com/veeva_eu 

About Veeva Systems
Veeva is the global leader in cloud software for the life sciences industry. Committed to innovation, product excellence, and customer success, Veeva serves more than 1,100 customers, ranging from the world's largest pharmaceutical companies to emerging biotechs. As a Public Benefit Corporation, Veeva is committed to balancing the interests of all stakeholders, including customers, employees, shareholders, and the industries it serves. For more information, visit veeva.com/eu.

Forward-looking Statements
This release contains forward-looking statements, including the market demand for and acceptance of Veeva's products and services, the results from use of Veeva's products and services, and general business conditions, particularly within the life sciences industry. Any forward-looking statements contained in this press release are based upon Veeva's historical performance and its current plans, estimates, and expectations, and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent Veeva's expectations as of the date of this press announcement. Subsequent events may cause these expectations to change, and Veeva disclaims any obligation to update the forward-looking statements in the future. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially. Additional risks and uncertainties that could affect Veeva's financial results are included under the captions, "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations," in the company's filing on Form 10-Q for the period ended July 31, 2021. This is available on the company's website at veeva.com under the Investors section and on the SEC's website at sec.gov. Further information on potential risks that could affect actual results will be included in other filings Veeva makes with the SEC from time to time. 

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