The annual financing of the clinical trials market is more than $ 100 billion and if you take a separate unit, the drug is subject to a clinical trial, its estimated value is about half a billion. The production of medicines is a technologically complex process and patents for the production of certain types of medicines cost millions of dollars.
In the entire industry, there is fierce competition, which does not allow producers to unite in a common research network to maximize productivity and improve research methods.
The solution is needed to minimize various costs, to ensure the savings of lost funds, improve the quality of treatment, reduce the cost of the drug production, monitor changes and predict situations.
What is ClinTex?
ClinTex is a decentralized complex of dApps, a blockchain platform directed at the area of clinical trials with the aim of increasing their effectiveness and reducing the cost of medications.
The main goal of the startup is to increase the effectiveness of clinical trials. ClinTex provides AI with predictive analytics functions with included machine learning from clinical trials, the main purpose of which is to prevent cost overruns that have become routine in this industry at the moment.
Clintex team has created 7 decentralized applications (modules), which act as tools that optimize the process of data collection and performance:
CTi-OEM is a module pointing at problematic areas, and also serves to determine the further process of clinical trials.
CTi-CDV — this module is provided for visualization of clinical data, indicating the problems that need to be changed, in one word: monitoring.
CTi-PDA, this module will predict the presence of hidden risks and problems that may arise during clinical trials, for timely response. This is confirmed by the FDA.
CTi-RBM, this module also includes risk monitoring, but the essence of this function is to track current and past similar data, the characteristics of a specific response and disease to assess and predict risks and their warnings that will allow pharmaceutical companies to make a decision to administer the drug in advance .
CTi-PRR is one of the key applications aims to find new patients in need of alternative treatment. CTi-PRR is associated with specialized sites with details about each of the patients, where also any interested potential patient can take the initiative and interest.
The CTi-SIM application (Site Investigator) This is the base for individuals who will conduct the research, with an internal registration platform where new employees will be hired to pay for in the platform token (CLX).
CTi-VMM (Supplier Management) This module includes management and generation of suppliers.
Storj.io will be an additional data store. The ICO is scheduled for the 4th quarter of 2018.
You can read more info here: https://coinidol.com/clintex-cti-leverages-blockchain-technology/
Website: https://www.clintex.io/
Whitepaper: https://www.clintex.io/Clintex_CTi_Whitepaper.pdf
Telegram: https://t.me/ClinTexCTi
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=4821618.0
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