Clinical Research IO

Make clinical research paperless by capturing research data through tablet and cloud technology - thus saving 25% of auditing costs for clinical trials ($6B)

  • Stage Concept Only
  • Industry Biotechnology
  • Location Cambridge, MA, US
  • Currency USD
  • Founded October 2015
  • Employees 2
  • Website clinicialresearch.io

Company Summary

Currently, the entire data collection process in clinical research is done on paper. Investigators at research sites record data on paper, then transcribe it into the pharma companies’ systems.

Then the pharma companies send monitors onsite to review the source for quality control. This QC process consumes 25% of the total cost of a clinical trial ($6-$8 billion in aggregate spend), adds 2-3 months to the data closure process, and uncovers data issues that could have been caught at point-of-capture with an electronic system.

To solve this, we plan to develop a software system aimed at clinical research sites. The system would let sites custom-build their own source templates, fill in data using a tablet, and thereby save time/cost and improve quality and productivity through built-in validations and improved workflows.

Team

  • Phuc Truong
    Founder

    Phuc Truong (Harvard College) has extensive startup experience and the skills to develop cutting edge technologies. Phuc has founded and served as CTO for 2 funded companies (Experience.com and Updown.com) which received over $24 million of funding from VC's and angels.

  • Raymond Nomizu
    Founder

    Raymond Nomizu (Harvard College/Harvard Law/BCG) operates a successful clinical research site (Beacon Clinical) and knows the needs of the Clinical Research Industry.

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