The most innovative companies in biotech in 2024
Insilico Medicine, ElevateBio, Inato, and Exscientia are among Fast Company's Most Innovative Companies in biotech in 2024.
Inato
New diagnostics from Personalis and Guardant are helping to detect cancer earlier, to guide personalized treatments, and to monitor patients’ response. Rocket Pharmaceuticals is advancing multiple first-in-class rare-disease treatments through clinical trials. And <anchor>Inato</anchor> is helping to connect drugmakers with community research sites outside of large urban centers to enroll more diverse patients in clinical trials, helping to ensure that new therapies work for everyone who needs them.
Why Inato is one of the most innovative biotech companies of 2024
Why Inato is one of the most innovative biotech companies of 2024

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03-19-2024 [MOST INNOVATIVE COMPANIES 2024](https://www.fastcompany.com/section/most-innovative-companies-2024)

[**How this biotech company connects drugmakers with diverse clinical trial participants**](/91035214/inato-most-innovative-companies-2024)

Inato’s work with 10 of the top 30 pharma companies to bring diverse patients into their clinical trials make it one of the most innovative biotech companies of 2024.

![How this biotech company connects drugmakers with diverse clinical trial participants](https://images.fastcompany.com/image/upload/f_webp,c_fit,w_1920,q_auto/wp-cms/uploads/2024/03/2024-MIC-Article-BIOTECH-07-1.jpg)

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BY [Adam Bluestein](/user/adam-bluestein)1 minute read

Managing clinical trials to test new drugs is a big business, with companies spending $1 billion plus on average for a new drug. Recruiting the right mix of patients has been a particular challenge.

Paris-based [Inato](https://inato.com/), which in May 2023 raised $20 million from Cathay Innovation, Obvious Ventures, and others, focuses on improving representation and involving more diverse patient populations in drug trials. Inato’s online platform matches regional hospitals and community health providers with trial sponsors, which gives drugmakers access to otherwise hard-to-enroll populations and benefits patients who couldn’t ordinarily get access to experimental treatments.

In 2023, as adoption of its clinical trial marketplace more than doubled, Inato worked with Moderna and Sanofi to enroll diverse patients in trials of a vaccine and a COPD treatment—bringing in more than 80% diverse patients at its sites for both trials. (Pharma companies have traditionally relied on the same large academic centers to run their clinical trials, with the top 5% of research sites accounting for about 70% of trials.)

Launched in late 2020, Inato’s platform has 3,000-plus community research sites in over 70 countries and partnerships with a third of the top 30 pharmaceutical companies.

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_Explore the full 2024 list of Fast Company’s [Most Innovative Companies](https://www.fastcompany.com/most-innovative-companies/list), 606 organizations that are reshaping industries and culture. We’ve selected the firms making the biggest impact across 58 categories, including [advertising](https://www.fastcompany.com/91025697/advertising-marketing-most-innovative-companies-2024), [artificial intelligence](https://www.fastcompany.com/91029555/artificial-intelligence-most-innovative-companies-2024), [design](https://www.fastcompany.com/91029585/design-most-innovative-companies-2024), [sustainability](https://www.fastcompany.com/91029594/sustainability-most-innovative-companies-2024), and more._

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Adam Bluestein writes for _Fast Company_ about people and companies at the forefront of innovation in business and technology, life sciences and medicine, food, and culture. His work has also appeared in _Fortune, Bloomberg Businessweek, Men's Journal, and Proto_[More](https://www.fastcompany.com/user/adam-bluestein)

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