Monocl

The core of Monocl's business is its cloud-based stakeholder engagement platform, which provides deep insights into millions of experts worldwide, including scientific researchers, clinical investigators, and other key opinion leaders (KOLs). This platform is designed to help life science companies, such as pharmaceutical and biotech firms, identify and engage with the most relevant experts for their specific needs, whether for clinical trials, medical affairs, or commercial activities. The service operates on a software-as-a-service (SaaS) model, generating revenue through subscriptions to its platform. Its main product, Monocl ExpertInsight, uses machine learning to analyze vast amounts of data, offering detailed profiles and network visualisations of these experts.

A significant milestone in the company's history occurred in October 2020, when it was acquired by Definitive Healthcare for approximately $90 million. This acquisition integrated Monocl's expert identification capabilities into Definitive Healthcare's broader suite of data and analytics solutions for the healthcare ecosystem, creating a more comprehensive offering for clients. The combination allows users to not only identify key experts but also to understand their professional networks, publication history, and clinical trial involvement in great detail.