CTi will change clinical trials forever
When a global pandemic such as COVID 19 brings the world to a standstill, the importance of the work of healthcare professionals and the pharma industry are thrust immediately into public attention. Now the world is watching and reading every news report regarding the race to find a vaccine. The importance of research and clinical drug trials have never before been so at the forefront of public minds. So too are the frustrations and limitations currently being faced by pharmaceutical companies conducting these clinical trials.
Clinical trials must be carried out in order to determine the safety and efficacy of both drugs and medical treatments. Pharmaceutical companies are required to carry out clinical trials to obtain regulatory approval and are, therefore, a high priority to companies.
But clinical trials are expensive! It now costs around a billion dollars from start to finish to have a drug approved. Plus they require extensive time to organise and run with considerable risks of delays, ongoing adjustments and even failure.
Of course, any delays in the development of drugs often mean further pain and suffering for patients, not to mention the spiralling healthcare costs for governments, payors and private patients.
Clintex is an innovative company who aim to alleviate the serious issues that threaten the success of clinical trials. Born of their own frustrations within the industry, the Clintex team understand the problems faced by pharma companies and so developed a complete software package that utilises the security and reliability of blockchain technology and enables the running of effective data analysis.
The Clintex CTi platform is a first of its kind, enabling real-time management of the entire operation of a clinical trial. The platform has an intuitive interface, accessible to all project management, data management and even remote staff. Users will have ongoing visual access to all critical data and easily be able to identify any issues that may impact on the success of the trial. This real-time management allows all parties involved the ability to both predict and quickly determine exactly the changes or improvements needed.
Clintex CTi aims to change the way clinical trials are managed forever. Reducing delays and improving the overall success rate of trials, will help to lower costs and increase the speed at which a drug can come to market.
About ClinTex
ClinTex are a solution provider to the pharmaceutical industry, and the team behind CTi — Clinical Trials Intelligence: a new type of software platform aimed at transforming the medicine development industry through the application of predictive analytics, machine learning, and the novel use of blockchain technology and smart contracts in clinical trials.
Our mission is to bring down the cost of medicine and improve the speed to market of new medicines for the people who need them, through vastly reducing development costs for the global pharmaceutical industry.
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