Rick from Comprehend here, we're also hiring. Definitely reach out if you're interested in transforming the medical industry! <a href="http://www.comprehend.com/careers" rel="nofollow">http://www.comprehend.com/careers</a>
Finally, channeling 21st century software technology to something useful. One of the most important industries in the world - healthcare - is sadly broken and advances significantly slower than other technological domains. I wish more investments went that way, for our own good...
To really lower clinical trial costs, one of the biggest line item that can have an impact on the bottom line is patient recruitment. According to stats[1], 80% of trials are delayed due to patient recruitment issues and causes several billions of dollars to industry. Furthermore, different locations, countries have different accural rates and proper planning is required to select the right sites.<p>IMO, providing a dashboard of trial stats to pharma is helpful but it would not really cut down the majority of costs.<p>1. <a href="http://www.ciscrp.org/professional/facts_pat.html" rel="nofollow">http://www.ciscrp.org/professional/facts_pat.html</a>
I wonder how you deal with security concerns. I think since the result of clinical trials can have such a large impact on a pharma co's share price, there have been a number of cases where insiders with access to trial results have given information to financial trading firms who then proceed to exploit the information in the market.<p>how do you assure your customers that the information put in your system won't leak?
"<i>“We are very interested in vertical software as a service,” he said. “There’s about a trillion dollars of enterprise software, if you’re looking at market capitalization out there today. Some of that will transition to [specialized] enterprise software…and create multi-billion dollar companies.”</i>"<p>Interesting point. Two points converging really. Enterprise SAAS & Vertical SAAS. There is still lots of room here. Customers willing to pay. Anyone that's trying to come up with "synthetic" startup ideas might start here. More difficult to comprehend verticals are probably least served.<p>Basecamp for X, where X is some business type that not many people understand.
Isn't most of the cost in clinical trials in manufacturing the drugs, finding and paying investigators, paying for legal services, recruitment of patients, getting informed consent, etc? Does Comprehend help with that stuff?
I am surprised that Medidata solutions( mdsol.com ) hasn't been brought up. They do something very similar with very forward looking products/apps that are already being adopted by big pharma.