Clinical Trials Network of Tennessee

What Clinical Trials Network of Tennessee does

Clinical Trials Network of Tennessee (CTN2) is a Memphis-based clinical research services company founded in 2018. The firm operates a network of clinical trial investigators and provides three core service lines: clinical trial investigator network management, centralized study start-up coordination, and centralized billing and payments for clinical research studies. Its customer base is implicitly clinical trial sponsors (pharmaceutical, biotech, or CRO counterparties) seeking Tennessee-region investigators and simplified financial/administrative workflows across multi-site studies.

The company is very small by headcount, with the available data indicating a 1-10 employee footprint. There is no disclosed information on funding, revenue, leadership beyond founders, customer logos, geographic footprint beyond Tennessee, or technology stack. The supplied source material contains substantial misattributed content (an unrelated Indonesian online gambling platform appearing in the CTN2 record), which is excluded from this analysis as it does not describe the stated company.

Operationally, CTN2's business model appears to derive revenue from per-study service fees for investigator network access, study start-up coordination, and outsourced billing/payment processing. Centralized billing and payments in clinical research is a structural pain point — sponsors and sites frequently lose margin to reconciliation delays and duplicate invoices — so the offering targets a real workflow gap. However, the absence of disclosed scale, contract values, technology differentiators, or recent strategic activity makes any further characterization speculative.

Name

Clinical Trials Network of Tennessee

Legal name

DRACIN

Website

https://ctn2.org

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Short description

Clinical Trials Network of Tennessee is a Memphis-based, small-scale clinical research services firm founded in 2018 that operates a clinical trial investigator network and provides centralized study start-up, billing, and payment services to trial sponsors.

Ownership category

akta.pro rank

Product category

Clinical Research Services

NAICS

Scientific Research and Development Services (5417), Other Scientific and Technical Consulting Services (541690)

SIC

Services-Commercial Physical & Biological Research (8731), Services-Offices & Clinics Of Doctors Of Medicine (8011), Services-Health Services (8000)

akta.pro primary industry

Clinical Trial Site Operations & Study Coordination (HLAGACAE)

akta.pro secondary industries

Clinical Trial Management Systems (CTMS) (HLACAOAD), Decentralized/Hybrid Trial Enablement (DCT) Platforms (HLACAOAL)

Keywords

• Clinical trial management
• Clinical research services
• Centralized study start-up
• Clinical trial billing
• Clinical trial payments

Headquarters

HQ city

Memphis

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations

Distribution channels3 records

Marketing channels2 records

Core offering

Clinical Trials Network of Tennessee (CTN2) is a clinical research services organization that provides clinical trial investigators, centralized study start-up services, centralized billing, and payments. The company supports the operational and administrative needs of running clinical trials for sponsors and research sites.

Product overview

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Differentiator

Problem solved

Functional benefit

Products and services

• Clinical Trial Investigator Services
• Centralized Study Start-Up
• Centralized Billing
• Clinical Trial Payments

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Recent moves1 record

Broad incumbents

• WCG Clinical (WCG Site Support): Clinical research services company offering central IRB, technology, and site-support solutions used by investigator sites and networks. Comparable as an incumbent enabling-layer provider that intersects with CTN2's centralized study start-up and billing services.
• IQVIA (Site Management): Global CRO and clinical-research services giant that also operates or manages investigator-site solutions. Comparable as a large incumbent that competes with smaller SMOs like CTN2 for sponsor study allocation, but at vastly broader scale.
• Syneos Health: Global biopharma services organization spanning clinical and commercial, with site-management offerings. Comparable as an incumbent CRO/SMO competitor whose site-network capability overlaps with CTN2's investigator-network model.

Direct peers

• Circuit Clinical: Independent investigator site network with centralized study conduct and patient-recruitment capabilities. Directly comparable as a small-to-mid SMO that, like CTN2, layers centralized operations on top of investigator relationships.
• Centricity Research: Multi-site clinical research organization operating investigator sites across North America. Directly comparable as an investigator-network business serving biopharma sponsors with centralized trial operations.
• Accel Research Sites: Multi-therapeutic clinical research site network serving biopharma sponsors across the Southeastern US. Comparable as a regional investigator site network with overlapping geographic focus to CTN2's Tennessee base.
• Elligo Health Research: Goes-to-the-patient clinical research model that brings trials into community physician practices via an investigator network. Comparable as a network-based SMO with centralized infrastructure layered on top of distributed investigators, similar to CTN2's positioning.
• Benchmark Research: Independent multi-site SMO with investigator sites across the US. Comparable as a small-to-mid investigator-network operator addressing many of the same sponsor and CRO clients as CTN2.
• Javara Inc. Clinical research organization that integrates trials into healthcare provider organizations through an embedded investigator network. Comparable as an investigator-network SMO with centralized trial-operations support, similar in structure to CTN2.
• Velocity Clinical Research: Large multi-site SMO network operating integrated clinical research sites across the US. Highly comparable as a scaled investigator/site network — the closest functional analog to CTN2's model, just at a much larger scale.

Market position

Strengths3 records

Weaknesses3 records

Competitive moat2 records

Key risks4 records

Key highlights4 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Clinical Trials Network of Tennessee