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meddg

Enterprise Blockchain for Clinical Trials

Switzerland
Market: Medicine, Pharmacology, Another, Blockchain
Stage of the project: Prototype or product is ready

Date of last change: 10.03.2020
Min investment
$  2.000.000
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Total required
$ 5.000.000
Rating
equalizer из 1000
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Idea

Blockchain Use Case for Integration and consolidation of distributed stakeholders in healthcare ecosystem with patient data

Current Status

PoC for the patient recruitment and eConsent for two different frameworks are ready, the next steps are the trial protocol integration and clinical monitoring development.
We paeticipate at the Transcelerate Hackacton, which is the most prominent platform for digital healthcare solutions

Market

Patient recruitment companies, and sponsor companies, like big pharma, middle and small sized in vitro vascular Medtech solution providers,

in EU, CH, USA, UK and other OECD countries with a national Health Insurance system

Problem or Opportunity

For these steps to complete the clinical trial process for different phases (1-4) we need a established domain expert and development team. The opportunity is the service offer mainly for patient recruitment companies, and sponsor companies, like big pharma, middle and small sized in vitro vascular Medtech solution providers.
The challenge is the cultural change for a new technology. And that is again the opportunity to boost the process acceleration time2market, save efforts, and higher FDA compliance, security and integration.

Solution (product or service)

Cloud Platform for clinical trial process flow, in which 12% the artifacts lost in a distributed and highly regulated stakeholder landscape. The interoperability is an issue, and data is not governed, in the world of GDPR and FDA.
We make this happen with our solution, completely structured instances for untrusthing ledgers in the workflow; which is secure, traceable, personal data compliant, patient centric, immutable and transaprent.
First part of service is the patient recruitment (consent is the integrated part), which is already a big quality improvement.

Competitors

Two competitors, one in India, one in UK. Both have less advanced technology and slower than our solution, No in EU and CH

Advantages or differentiators

Pharma companies:
Not only saving in efforts, savings to Time2market
Tracibility for compliance with documents, evidences, compliance
Big advantage for the small and middle sized pharma providers
Reliable studies

Patient:
Drugs faster in the market, Solutions with quality results, side effects known
Concent and privacy - patient centric

Regulatory bodies:
Democracy and innovation to the new therapies



Finance

This is a R&D project, there are local and Swiss Government Funds, we are in the application process.

Business model

Integration and accelaration of patient recruitment process for clinical trials, main process for pharma products market entry

Money will be spent on

Basicly, Development, Infrastructure, Admin & Marketing, Patent, Sales, Interest and Taxes, a cash flow and earnings statement will be presented in the pitch

Risks

Pharma companies:
Culture - change to negotiation and agreement from small and mine
Need for consolidation - resistance to change
Comfort zone - still

Clinical Research Org:
Revenue cut

Photos

Photo 1 - Enterprise Blockchain for Clinical Trials
Photo 2 - Enterprise Blockchain for Clinical Trials
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video