86% of clinical trials extended by months @ daily cost of $60k & 25% of trials fail to meet recruitment targets due to sub-optimal solutions
Launch easy to access HIPAA-compliant clinical trial patient recruitment solution that brings diverse users & healthcare orgs. to Cardano
This is the total amount allocated to Clinical trials patient recruitment.
Main components:
Key definitions:
Key features vs. current solutions on market
Market: We are listening to our current Pharma clients and aim to deliver this requested & much anticipated patient recruitment solution. At any time, there are ~1,500 ongoing oncology (cancer) clinical trials consistently looking for looking for 250k patients. Based solely on these figures and attractive patient recruitment fees ($Ks per referral), this is a growing multi-billion dollar market/opportunity. Furthermore and more importantly, our pharma clients along with the FDA have embarked on a journey to ensure more people from diverse backgrounds join clinical trials as a way to advance health equity. Participants in clinical trials should represent the patients that will use the medical products. This is often not the case - as people from racial and ethnic minority and other diverse groups are underrepresented in clinical research. This is a concern because people of different ages, races, and ethnicities may react differently to certain medical products. Via our SEO/Social Media and various patient acquisition strategies, we will be paying special attention to this important matter to ensure that more people from diverse backgrounds join clinical trials as a way to advance health equity.
Product: Our solution will increase drug trials approval success, reduce delays, accelerate launch of live-saving medical treatments and ensure that people from diverse backgrounds are adequately represented. Building this HIPAA-compliant project leveraging Cardano blockchain will ensure that patients’ data is secure & trusted, and patients have full control of how their data is shared with various parties involved. The superior security and control over data will ensure that more patients will feel comfortable to share their health data as they come onboard.
Acquisition: We intend to leverage currently existing relationships with our clients (7 Big Pharma clients) and have line of sight to 250k potential candidates identified with access to thousands of add'l EMRs
Achieve full HIPAA-compliance and successful integration of DIDS, however, we feel confident in achieving successful outcome. Our IT/Blockchain dev. team has relevant experience in the traditional IT environment and has deployed relevant solutions on competing blockchain. We are looking in Cardano ecosystem for relevant best-practices and will be looking to learn from them (possibly partner) and share any of our finding/solutions with the community.
Key Steps and Deliverables for Phase 1 (thru Month 6)
Month 1
Commercial:
Scientific:
IT/Technical:
Month 3
Commercial:
Scientific:
IT/Technical:
Month 6
Commercial:
Scientific:
IT/Technical:
Few key notes:
We’re seeking to request equiv. of $200k for the initial 6 months. Blockchain & IT development costs will be assumed by the co-founders team for this phase of the project. Please note that total project's budget is higher than requested amount for first 6 months of Phase 1; we're looking to cover portion of our 3rd party expenses to help us avoid relying on external and/or VC funding
Funds will be used to:
The key contributors/team members are: (no order of importance)
Balazs Kontes, Co-Founder, Focus: operations, strategy and finance
https://www.linkedin.com/in/balazskontes/
Aqil Ahsan, Co-Founder, Focus: sales, strategy and scientific affairs
https://www.linkedin.com/in/aahsan/
Shyam Mamidi, Co-Founder, Focus: IT and blockchain dev. team management
https://www.linkedin.com/in/shyam-mamidi-a841412/
From a program level perspective, we will be tracking the the timelines and deliverables of each functional work-stream.
From a solution perspective, we will be tracking the following:
Critical success goals: 1) Building critical healthcare HIPAA-compliant solution that integrates DIDS on Cardano to prove blockchain’s superior robustness and reliability, 2) help as many people as possible easily find and sign up for clinical trials in their area giving them better chance to find a cure, and 3) play an active role in being part of the journey that our pharma clients along with the FDA have embarked on to ensure that more people from diverse backgrounds join clinical trials as a way to advance health equity.
Furthermore, in Phase 1 our Therapeutic Area is limited to Oncology (cancer) and Geographical area is limited to North America (HIPAA). In Phase 2, we'll add Europe to the Geographical area scope and will then tackle GDPR compliance. In Phase 3, we foresee to branch into other Therapeutic Areas, namely CV, CNS, Nephrology & Infectious Diseases. As Cardano continues to grow, we will look to expand into Africa and Asia. Our ultimate goal is to reach as many patients as possible and give them an opportunity to find a cure for their disease, and further advance health equity
This is entirely new project, however, we anticipate to follow up with subsequent Catalyst funding proposals.
"Good Health and Well-Being": Our solution will increase drug trials approval success, reduce delays, accelerate launch of live-saving medical treatments. Our intent is to help as many people as possible easily find and sign up for clinical trials in their area giving them better chance to find a cure.
"Reduced Inequalities": our pharma clients along with the FDA have embarked on a journey to ensure more people from diverse backgrounds join clinical trials as a way advance health equity. Participants in clinical trials should represent the patients that will use the medical products. This is often not the case - as people from racial and ethnic minority and other diverse groups are underrepresented in clinical research. This is a concern because people of different ages, races, and ethnicities may react differently to certain medical products. Via our SEO/Social Media and various patient acquisition strategies, we will be paying special attention to this important matter to ensure that more people from diverse backgrounds join clinical trials as a way to advance health equity.
We are building on already existing successful clinical trial AI-enabled analytics business to respond to our current Big Pharma clients’ unmet needs. Our team is composed of senior leaders (Pharma & IT) who wish to impact patients' lives, find cures and grow Cardano's ecosystem.