The pharmaceutical industry discovers, develops, produces, and markets drugs or pharmaceutical drugs for use as medications to be administered (or self-administered) to patients, with the aim to cure them, vaccinate them, or alleviate the symptoms. It is the part of the healthcare sector that deals with medications. Their main goal is to provide drugs that prevent infections, maintain health, and cure diseases.
We also have to say that it is important because it is a major source of medical innovation. It is also a heavily regulated industry. Drugs are evaluated for safety, efficacy, and manufacturing quality as a condition of market access, and promotional messages must adhere to approved product characteristics.
By the other hand, Drug discovery and development are very expensive; of all compounds investigated for use in humans only a small fraction are eventually approved in most nations by government-appointed medical institutions or boards, who have to approve new drugs before they can be marketed in those countries.
The country with the highest pharmaceutical industry is Germany: US$62.3 billion (16.8% of total drugs and medicines exports).
Nowadays, efficiency issues in Clinical Trials have high costs, between $600,000 — $8m dollars per day, and are significantly delaying the delivery of new medicine to patients in need. ClinTex Project wants change that, it is one of their main objectives.
The main ClinTex mission is to bring down the cost of medicine and improve the speed to market of new medicines for the people who need them, through vastly reducing development costs for the global pharmaceutical industry.
Clinical Trials Intelligence Importance
Clinical Trials Intelligence is a distributed technology platform that incorporates predictive data analytics, machine learning (AI), and the innovative use of smart contracts to drive significant quality and operational improvements in clinical trials.
The contribution to the CTi token pre-sale will go towards the development of a platform that helps provide medical patients with unrivalled access to expedited and cost-efficient new and promising medicines.
We are in the middle of a pandemic era and It is really important projects like ClinTex, so I recommend support them and make it success, for the benefit of the humanity.
ClinTex Website: https://clintex.io//
ClinTex Medium Page: https://medium.com/@clintexcti
ClinTex Official Telegram: https://t.me/ClinTexCTi
ClinTex Official Twitter: https://twitter.com/ClinTexCTi
eth address: 0xBBd6e8B4a644a1a511fd95f6a0e81Db3C03a7E16
Cheers
R4H