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AbridgeFunding

‘ChatGPT for Doctors’ OpenEvidence Raises $250M, Quietly Pivots Into Drug Development

What happened

Abridge received a strategic equity investment from Eli Lilly to expand into clinical-trial patient recruitment.

Source

Article excerpt

Highlighted: the sentence this signal was extracted from

The market for AI-powered clinical search is heating up. Publicly traded Doximity told investors its AI Scribe user base nearly tripled in a single quarter, while Abridge took a strategic equity investment from Eli Lilly and is expanding into clinical-trial patient recruitment. Even OpenEvidence, the company that built the "ChatGPT for doctors" category, isn't immune to that pressure. OpenEvidence raised another $250 million, Forbes reported. The company itself never put out a press release. What stands out is how quietly it landed: unlike January's Series D - a $12 billion valuation announced with a CNBC appearance for the CEO - this one surfaced as a single sentence buried inside a Forbes story about a hospital partnership. CEO Daniel Nadler told Forbes that OpenEvidence is moving into developing its own cancer drugs, with a first candidate entering clinical trials before year-end and three to five more next year, starting with rare cancers. Rather than go head-to-head with Eli Lilly or Pfizer on large trials, Nadler said the company is targeting "the stuff that they are not doing, and maybe can't do" - the bet being that reaching most of America's physicians makes it far easier to find the handful of patients a rare-disease trial needs. The partnership announced the same day is the first building block. MSK and OpenEvidence said they're integrating OpenEvidence into...

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Extracted by Autobound

From the Signal API record
Event
Funding

What this signalsNew funding often brings new budget and vendor reviews.

Financing type
Equity

The full record

From the Signal API record

Extraction

Confidence
90%
Detected
Sep 27, 2026
signal_type
news
signal_subtype
receives_financing

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The API returns more than this page shows

This page shows a preview. The full news record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/3574a6cd-81bd-6e00-fb46-e3f664d0130a returns this record as JSON. POST /v1/companies/enrich returns every signal for abridge.com.

{
  "signal_id": "3574a6cd-81bd-6e00-fb46-e3f664d0130a",
  "signal_type": "news",
  "signal_subtype": "receives_financing",
  "detected_at": "2026-09-27T23:30:18+00:00",
  "company": {
    "name": "Abridge",
    "domain": "abridge.com"
  },
  "data": {
    "url": "https://en.wowtale.net/2026/09/28/235252/",
    "title": "‘ChatGPT for Doctors’ OpenEvidence Raises $250M, Quietly Pivots Into Drug Development - Wowtale",
    "excerpt": "The market for AI-powered clinical search is heating up. Publicly traded Doximity told investors its AI Scribe user base nearly tripled in a single quarter, while Abridge took a strategic equity investment from Eli Lilly and is expanding into clinical-trial patient recruitment. Even OpenEvidence , the company that built the “ChatGPT for doctors” category, isn’t immune to that pressure. OpenEvidence raised another $250 million, Forbes reported . The company itself never put out a press release. What stands out is how quietly it landed: unlike January’s Series D - a $12 billion valuation announced with a CNBC appearance for the CEO - this one surfaced as a single sentence buried inside a Forbes story about a hospital partnership. CEO Daniel Nadler told Forbes that OpenEvidence is moving into developing its own cancer drugs, with a first candidate entering clinical trials before year-end and three to five more next year, starting with rare cancers. Rather than go head-to-head with Eli Lilly or Pfizer on large trials, Nadler said the company is targeting “the stuff that they are not doing, and maybe can’t do” - the bet being that reaching most of America’s physicians makes it far easier to find the handful of patients a rare-disease trial needs. The partnership announced the same day is the first building block. MSK and OpenEvidence said they’re integrating OpenEvidence into MSK’s...",
    "summary": "Abridge received a strategic equity investment from Eli Lilly to expand into clinical-trial patient recruitment.",
    "planning": false,
    "image_url": "https://cdn.wowtale.net/wp-content/uploads/sites/2/2026/09/open-evidence-logo-1024x538.jpg",
    "confidence": 0.9,
    "published_at": "2026-09-27T23:30:18Z",
    "article_sentence": "Abridge took a strategic equity investment from Eli Lilly and is expanding into clinical-trial patient recruitment.",
    "financing_type_tags": [
      "equity"
    ],
    "related_company_name": "Eli Lilly and Company",
    "related_company_domain": "lilly.com"
  }
}

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