Trials Intelligence (CTi) is focused on using distributed ledger technology to lower the cost of producing medicine and lower costs for users.
ClinTex, the brain behind CTi hopes to achieve this by using smart contracts to revolutionize the way clinical trials are carried out.
The ClinTex platform is a decentralized database of clinical data, but it also has the capability of hosting 7 unique DApps which will be used while conducting clinical experiments.
Saving Lives with DLT
It is estimated that it costs about $2.5 billion to create new medicines and the industry is worth $350. Also, clinical trials overrun their timelines by an average of 10.8 months, which is an extra $8m in lost revenue every day a drug launch is delayed.
All these are contributing to the overall cost of new medicines.
Now, ClinTex is looking to introduce predictive analytics and machine learning to the clinical process. It will also employ CTi to reduce the cost of producing drugs.
It is estimated that CTi will help the industry save $35 million on the cost of producing drugs.
The Essence of DLT
ClinTex is looking to ease the FDA’s burden of trying to verify the quality and integrity of clinical data with blockchain. It would ensure the pharmaceuticals adhere to Good Clinical Practice (GCP).
The platform is looking to use DLT to create a clinical database which will be used by the CTi to develop excellent machine learning algorithms that will get more efficient with time and become a unique predictive tool for clinical trials.
ClinTex is focused on providing solutions for the medical ecosystem. It wants to make clinical processes by making available tools that would increase efficiency, clinical data quality, and medical review.
ClinTex innovative use of DLT will also make machine learning usable for the entire clinical process, even though the users have no expertise in machine learning.
Token Sale Information
The TGE for the CLX token comes up in Q4 2018. The event will be conducted under the regulated environment of Malta Financial Services Authority (MFSA), in compliance with the Malta Virtual Financial Assets Act of 2018.
For more, visit https://clintex.io
Email: [email protected]
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