The cost of medical drugs largely depends on the cost of creating and developing these drugs, and first of all, on the cost and time of clinical trials of medications. Clinical trials can take many years and this significantly increases the final cost of new drugs.
ClinTex offers to reduce the process of clinical trials significantly and reduce the cost of drug development. Thanks to this, new drugs can appear on the market much faster than with a standard approach to clinical trials.
The ClinTex platform is a decentralized platform that uses blockchain technology, which contains a set of tools that can significantly shorten the time of clinical trials. Among these tools are tools for an expanded review of clinical data, forecasting key performance indicators, forecasting data analytics and machine learning.
The platform links clinical research financiers in one place together with scientists and pharmaceutical development companies, which greatly simplifies and speeds up the research process. It also provides real-time access to information and allows financiers to monitor researches, and scientists - to apply for the required funding in time.
Speed-up of the development process is facilitated by the inclusion of machine learning in the clinical trial process and supervision of them, the use of distributed registries, decentralized storage of information on the complete history of clinical trials and their key indicators.
The presence of a single platform allows to control all elements of the workflow of clinical trials, which in many ways reduces transaction costs. Each action is fixed in the blockchain and remains there forever, which makes the clinical trials process clear, transparent and easily controlled.
A common, unified decentralized system ensures the safe storage of all information about the tests being conducted and quick access to this information by all stakeholders.
The single ClinTex platform consists of 7 interconnected applications:
- The application for operational control for managers over all stages of clinical trials.
- An application for visualizing all clinical trial data allows to use of visualization to identify problems that may affect the quality of the study: the integrity of the study, data quality problems, and the exacerbation of the disease.
- The data prediction application combines all operational and clinical data sources to predict problems and events before they occur.
- The risk-based monitoring application uses current and historical data to predict possible risks. This approach can significantly reduce the cost of development and researches.
- The patient recruitment and retention application allows you to manage a set of patients for clinical trials, as well as monitor the change in the state of these patients.
- The application for recruiting researchers and physicians for clinical trials also manages the implementation of salaries and bonuses for research and other personnel testing.
- The application for managing of suppliers allows you to attract suppliers, monitor their work and deliveries and timely pay them for the delivered goods and services.
The project developers have an extensive experience in the pharmacological industry, medicine, business and law.
The prototype of the platform is planned for the 3rd quarter 2018. The pre-sale and the main sale of tokens will occur in the 4th quarter of 2018. The 1st phase of the platform and its 1st applications will appear in the 1st quarter of 2019.
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Great project, Strong and well coordinated team, so there are very high chances of success here! In addition, the high-quality implementation of the platform inspires confidence!
