OneMedNet Skyrockets Over 148% on Palantir AI Partnership
The healthcare data firm will leverage Palantir's AI platform to enhance its real-world clinical data network, fueling investor optimism.
Shares of OneMedNet Corp. (NASDAQ: ONMD) skyrocketed over 148% on massive trading volume following the announcement of a strategic partnership with data analytics giant Palantir Technologies (NYSE: PLTR). The deal is being hailed as a transformative move for OneMedNet, aiming to revolutionize the use of real-world data in healthcare research.
The multi-year collaboration will see OneMedNet integrate its proprietary iRWD™ (real-world data) network with Palantir's Artificial Intelligence Platform (AIP). , significantly accelerating the development of new medical solutions. OneMedNet’s network includes more than 1,750 provider locations, offering a vast repository of clinical information for analysis.
"Palantir’s AIP revolutionizes our ability to deliver high-quality, regulatory-compliant data with remarkable speed," said Aaron Green, President and CEO of OneMedNet. The partnership aims to reduce the time for customer data inquiries from days to mere minutes by leveraging conversational AI search capabilities. This efficiency is expected to unlock scalable recurring revenue opportunities in a healthcare AI market projected to reach over $800 billion by 2030.
Investors reacted with strong enthusiasm to the news, sending ONMD shares soaring +148.5% in the trading session. The surge reflects confidence in the partnership's potential to enhance OneMedNet's market position and data-as-a-service offerings. , indicating a positive market reception for the data analytics firm's expanding footprint in the healthcare sector.
Despite the significant potential of the collaboration, OneMedNet faces underlying financial challenges, , which investors will be monitoring closely. The success of this strategic pivot will be critical in demonstrating the company's path to sustainable growth and profitability in the competitive healthcare technology landscape.