--- title: "Veeva pays $100M for Ostro and its pharma-focused AI chat tool" type: "News" locale: "en" url: "https://longbridge.com/en/news/278751020.md" description: "Veeva Systems has acquired Ostro for approximately $100 million, aiming to enhance its offerings in the life sciences sector. Ostro's AI chat tool provides compliant drug information to patients and clinicians, integrating into various digital platforms. The acquisition allows Ostro to operate independently while planning future integrations with Veeva's software to improve customer engagement. CEO Chase Feiger emphasized the goal of streamlining access to trusted health information for patients and doctors." datetime: "2026-03-11T15:58:28.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/278751020.md) - [en](https://longbridge.com/en/news/278751020.md) - [zh-HK](https://longbridge.com/zh-HK/news/278751020.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/278751020.md) | [繁體中文](https://longbridge.com/zh-HK/news/278751020.md) # Veeva pays $100M for Ostro and its pharma-focused AI chat tool Veeva Systems, which offers life sciences companies cloud-based commercial management software and business consulting services, is venturing into the consumer-facing side of things with the acquisition of Ostro. Ostro has developed an artificial intelligence-based chat tool for pharmas that provides patients and clinicians with drug information drawn only from approved materials compliant with medical, legal and regulatory requirements. Ostro’s chat tool can be integrated into drug brands’ websites, emails and text messages, where it answers direct questions from consumers and points to relevant resources. From there, it analyzes the interactions to give pharma clients data-backed tips for boosting engagement. According to the company, its AI platform is used by “most” of the 20 biggest global pharmas, including the likes of Johnson & Johnson, Eli Lilly, AstraZeneca and Sanofi. Veeva is paying approximately $100 million to acquire Ostro, according to this week’s announcement, comprising a combination of cash and long-term equity retention grants. Post-acquisition, Ostro will continue to operate as an independent unit under the Veeva umbrella, still led by CEO Chase Feiger, M.D. Eventually, per the announcement, the companies plan to “develop integrations” between Ostro’s technology and Veeva’s cloud-based software programs, with the aim of improving customer-centricity by connecting online and in-the-field interactions with patients and doctors. “We’re focused on shortening the time it takes to identify and treat health conditions,” Feiger said in the release. “Brand content should be effortless to access and fully compliant by design. We built Ostro to remove friction so patients and doctors can get trusted answers with less clicking, thinking, and scrolling. With Veeva, we can bring that experience to many more patients, doctors, and brands.” ### Related Stocks - [State Street® SPDR® S&P® Biotech ETF (XBI.US)](https://longbridge.com/en/quote/XBI.US.md) - [ALPS Medical Breakthroughs ETF (SBIO.US)](https://longbridge.com/en/quote/SBIO.US.md) - [Invesco Biotechnology & Genome ETF (PBE.US)](https://longbridge.com/en/quote/PBE.US.md) - [First Trust NYSE Arca Biotech ETF (FBT.US)](https://longbridge.com/en/quote/FBT.US.md) - [Direxion Daily S&P Biotech Bull 3X ETF (LABU.US)](https://longbridge.com/en/quote/LABU.US.md) - [iShares Biotechnology ETF (IBB.US)](https://longbridge.com/en/quote/IBB.US.md) - [VanEck Biotech ETF (BBH.US)](https://longbridge.com/en/quote/BBH.US.md) - [ProShares Ultra Nasdaq Biotechnology (BIB.US)](https://longbridge.com/en/quote/BIB.US.md) - [Veeva Systems Inc. (VEEV.US)](https://longbridge.com/en/quote/VEEV.US.md) ## Related News & Research - [Veeva Systems Buys Ostro As AI Deal Undervalues Share Price](https://longbridge.com/en/news/279097902.md) - [Veeva Systems President and Chief Customer Officer Thomas D. Schwenger Reports Sale of Common Shares](https://longbridge.com/en/news/272749624.md) - [Denali Therapeutics wins FDA accelerated approval for AVLAYAH to treat neurologic manifestations of Hunter syndrome](https://longbridge.com/en/news/280519141.md) - [Veeva Systems Inc. acquired Rise Healthcare Tech, Inc from group of shareholders for $100 Million.](https://longbridge.com/en/news/278606639.md) - [Veeva Acquires Ostro, the Leading Brand Engagement Platform for Life Sciences | VEEV Stock News](https://longbridge.com/en/news/278583939.md)