Congratulations to the Karuna Team for their acquisition!

Today, Bristol Myers Squib (BMS) has fully acquired Karuna Therapeutics. We congratulate our customer on an amazing success.

Today, Bristol Myers Squib (BMS) has fully acquired Karuna Therapeutics.  We congratulate our customer on their fantastic success.   Their product, KarXT, an antipsychotic, is revolutionary and is lined up for an FDA Prescription Drug User Fee Act (PDUFA) in September 2024 for the treatment of schizophrenia in adults.   KarXT also has potential for the treatment of Alzheimer’s disease and Bipolar disorder.    It has the potential to be a blockbuster.

Karuna is using our DataOps Automation and TestGen products for commercial data analytics, along with some services. And it’s not the first DataKitchen customer to be bought by BMS. A few years ago, BMS purchased Celgene for $74 billion. Celgene made extensive use of DataKitchen products and services. And BMS is still a DataKitchen customer.

In the last three years, three of DataKitchen’s customers (Karuan, Celgene, and Acceleron) have been bought for $100 billion. What an incredible success!

We’d love to say that DataKitchen was the primary driver of that considerable acquisition value, but we are not.   The lifesaving products and the people at those companies made them a success. But we played a small part in making them a big success.  

James Royster said it best in a recent webinar:

“ All of us (on data teams) live on that knife’s edge, right? Where you work hard to deliver insight to your business customers. And they’re just relentlessly demanding. And it’s not because they don’t understand how hard you work. It’s because they have many other questions and things that they’re trying to answer correctly. They may be looking for insight, but they’re trying to balance all other business factors, competitive concerns, cash on hand, trying to convince other people, trying to make money, trying not to lose money. And in today’s world, speed matters.

 

But trust matters more. Hoping that the data and dashboards are correct is not a strategy. I sincerely want quality to be integrated into your process. For example, on Friday, when all of our data hit, whether it was our syndicated data, pharmacy data, or our campaign data, we ran upwards of 5000 q QC’s (quality checks) within the first seconds, ensuring that things were the way they were supposed to be and flag anything that was outside of the range of what we consider normal. Automated data quality pays enormous dividends.  

 

Many people have made their careers fixing problems that probably shouldn’t have existed. I’m a bigger fan of not having problems exist, which means you need repeatable, standardized processes.   DataOps lets you have a team that is ten times smaller than average in pharma and can get more done with fewer problems.”

At DataKitchen, we believe that the key to practical data analysis is a combination of speed, agility, automation, and quality, focusing on providing value to customers across all levels. Cultivating a value-based mindset, prioritizing long-term benefits, and maintaining a solid customer connection are crucial factors for driving excellence in data analytics.  And it helps with a hefty valuation when our customers sell their companies!

Sign-Up for our Newsletter

Get the latest straight into your inbox

Data Observability Software

DataOps Observability: Monitor every Data Journey in an enterprise, from source to customer value, and find errors fast! [Enterprise]

DataOps TestGen: Simple, Fast Data Quality Test Generation and Execution. Trust, but verify your data! [Enterprise]

DataOps Software

DataOps Automation: Orchestrate and automate your data toolchain to deliver insight with few errors and a high rate of change. [Enterprise]

recipes for dataops success

DataKitchen Consulting Services


Assessments

Identify obstacles to remove and opportunities to grow

DataOps Consulting, Coaching, and Transformation

Deliver faster and eliminate errors

DataOps Training

Educate, align, and mobilize

Commercial Pharma Agile Data Warehouse

Get trusted data and fast changes from your warehouse

 

dataops-cookbook-download

DataOps Learning and Background Resources


DataOps Journey FAQ
DataOps Observability basics
Data Journey Manifesto
Why it matters!
DataOps FAQ
All the basics of DataOps
DataOps 101 Training
Get certified in DataOps
Maturity Model Assessment
Assess your DataOps Readiness
DataOps Manifesto
Thirty thousand signatures can't be wrong!

 

DataKitchen Basics


About DataKitchen

All the basics on DataKitchen

DataKitchen Team

Who we are; Why we are the DataOps experts

Careers

Come join us!

Contact

How to connect with DataKitchen

 

DataKitchen News


Newsroom

Hear the latest from DataKitchen

Events

See DataKitchen live!

Partners

See how partners are using our Products

 

Monitor every Data Journey in an enterprise, from source to customer value, in development and production.

Simple, Fast Data Quality Test Generation and Execution. Your Data Journey starts with verifying that you can trust your data.

Orchestrate and automate your data toolchain to deliver insight with few errors and a high rate of change.