The clinical evidence investors actually care about

February 18, 2026 ░░░░░░

The clinical evidence investors actually care about (1)

Unpopular opinion in MedTech: statistical significance is NOT the most important kind of success for your clinical evidence.

That statement can feel uncomfortable. Many founders and clinical leaders are trained to focus on p-values, confidence intervals, and publication-ready results. Statistical rigor is essential. Without it, nothing else stands.

But statistical significance alone does not determine whether a device will be adopted, reimbursed, or funded.

Across MedTech, we repeatedly see strong studies that fail to move the company forward. Not because the data was wrong. Not because the study was poorly executed. But because the results did not clearly change a real-world decision.

BONUS RESOURCE: Click here to download a free checklist for clinical data collection and efficient study setup!

The three types of significance

When teams describe their data as “strong,” they often mean statistically significant. That is only one layer. There are three distinct dimensions of significance that determine whether clinical evidence actually creates momentum.

1. Statistical significance

Statistical significance answers a narrow question: is the observed effect unlikely to be due to chance?

It confirms that something happened. It does not confirm that the result matters in practice.

A statistically significant outcome may demonstrate a measurable improvement. But it does not automatically answer whether that improvement is meaningful to patients, persuasive to clinicians, or compelling to payers.

For teams operating within a modern clinical data management system or structured electronic data capture platform, statistical rigor is expected. It is the baseline. The more important question is what that statistical result actually enables.

2. Clinical significance

Clinical significance asks a different question: does this result meaningfully improve outcomes in the real world?

Imagine a study that shows a reduction of 0.9 symptom episodes per month. The result may be statistically significant. But if patients experience ten or fifteen episodes per month, is that reduction noticeable? Does it change Quality of Life (QoL)? Would a clinician see that as meaningful improvement?

Clinical significance forces teams to translate numbers into lived experience.

Capturing meaningful outcomes often requires structured patient input, which is where tools like ePRO software can support consistent and compliant data collection. But the tool is not the strategy. The strategy lies in asking whether the endpoint reflects something that genuinely matters to patients and providers.

If clinicians do not perceive the improvement as meaningful, adoption becomes difficult regardless of statistical strength.

3. Commercial significance 

Commercial significance is frequently underestimated.

It asks whether the data supports reimbursement, purchasing decisions, and behavior change within healthcare systems.

Would a hospital allocate budget for this device? Would a payer cover it? Would clinicians change their practice patterns based on these results?

Commercial significance is closely linked to reimbursement and willingness to pay. It often requires engaging not only key opinion leaders, but also reimbursement experts, public payers, and healthcare systems early in development.

Regulatory approval and commercial adoption are evaluated through different lenses. Meeting regulatory expectations does not automatically answer the economic and behavioral questions that drive purchasing decisions.

If your study does not clearly support those conversations, even statistically and clinically meaningful results may struggle to translate into growth.

The question of "good enough"

Founders often ask whether they have enough data.

There is no universal threshold.

What may be sufficient at an early stage of development may not be sufficient later. As companies move toward broader commercialization, the expectations around reimbursement support, real-world evidence, and scalability increase.

Clinical evidence must be evaluated in the context of your indication, risk profile, regulatory pathway, and commercial objectives.

Platforms like Greenlight Guru Clinical support compliant study execution and data traceability. Alignment with standards such as ISO 14155:2020 compliance requirements supports regulatory credibility. But compliant infrastructure does not replace strategic clarity about which decisions your data needs to influence.

The more precisely your endpoints map to real-world decision criteria, the clearer your path forward becomes.

The red flags that slow momentum

Some of the most difficult situations arise from studies that technically succeed yet fail to accelerate adoption.

Endpoints may be statistically valid but not aligned with purchasing criteria. Results may demonstrate improvement but not differentiation. Data may satisfy regulatory standards yet remain difficult to translate into reimbursement conversations.

These are not loud failures. They are quiet friction points that slow investor confidence and commercial traction.

Strong data execution, visibility into results, and structured reporting are critical. But the defining factor is alignment. If your results do not clearly support the decisions that matter to investors, payers, and providers, momentum stalls.

Clinical strategy is business strategy

Clinical evidence should not be developed in isolation from commercial thinking.

Endpoint selection, patient population definition, and study design all influence regulatory discussions, reimbursement positioning, and investor diligence.

A validated system aligned with global regulatory expectations strengthens credibility. A well-structured clinical data management platform ensures integrity and traceability. Integrated ePRO software supports meaningful patient-reported outcomes.

But tools alone do not create impact.

Impact comes from designing clinical evidence that clearly informs the decisions that determine adoption and funding.

The most important question is not simply whether your study achieved statistical significance. It is whether your clinical evidence changes the decisions that define your company’s next stage.

BONUS RESOURCE: Click here to download a free checklist for clinical data collection and efficient study setup!

How Greenlight Guru Clinical supports evidence generation

At Greenlight Guru Clinical, we built Greenlight Guru Clinical to help MedTech teams generate structured, compliant clinical data across the product lifecycle.

Our clinical data management platform supports study builds, audit trails, role-based permissions, and data traceability. Integrated ePRO software enables consistent capture of patient-reported outcomes. Alignment with ISO 14155:2020 compliance requirements supports regulatory expectations.

The platform supports execution. The strategic decisions remain yours.

When clinical evidence is designed with regulatory, reimbursement, and adoption conversations in mind, it becomes more than a requirement. It becomes a foundation for sustainable growth.

If you would like to explore these ideas further, you can access our on-demand session on the clinical evidence investors actually care about.

And if you’re ready to see how Greenlight Guru Clinical in action, then get your free demo today!

Páll Jóhannesson, M.Sc. in Medical Market Access, was the founder and former CEO of Greenlight Guru Clinical (formerly SMART-TRIAL) and is currently the EVP of Europe at Greenlight Guru.

Checklist for Clinical Data Collection and Efficient Study Setup
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