Details

Why we invested in FindMeCure

The problem

Clinical trials, the bedrock of medical advancements, are facing unprecedented challenges. Up to 80% of clinical trial delays stem from patient recruitment and retention issues. Astonishingly, 37% of sites under-enroll, and 11% don’t recruit a single participant. The initiation of a clinical trial is a labyrinth of complexities, and delays can result in staggering costs, jeopardizing the trial’s success. 

The solution

Enter Trial Hub, a state-of-the-art data intelligence platform tailored for Clinical Research Organizations (CROs) and Pharma Sponsors. It promises to revolutionize the way clinical trials are planned and executed. 

Key features 

  • Real-time data analysis from over 80,000 sources. 
  • Advanced NLP & ML algorithms for extracting insights. 
  • Pioneering features like Standard of Care insights with 98% accuracy. 
  • Elimination of manual research, leading to faster strategic planning. 
  • Proactive recruitment management to prevent costly trial delays. 

The market

The clinical trial landscape is evolving rapidly. Patient recruitment remains a significant hurdle, with high dropout rates leading to substantial financial and human costs. The rise of decentralized clinical trials (DCTs) post-COVID-19 offers both challenges and opportunities. AI’s potential to disrupt and enhance every stage of clinical trials is undeniable, promising more efficient, accurate, and cost-effective research. 

Why now?

The clinical trial sector is experiencing exponential growth, driven by the COVID-19 pandemic and advancements in drug discovery technologies. With the FDA emphasizing better diversity and inclusion of patients and the increasing costs associated with personalized medicine, there’s an urgent need for solutions like FindMeCure. The projected spend on medicine and R&D by major pharmaceutical companies further underscores the importance of optimizing the clinical trial process. 

The team

The FindMeCure team is a blend of expertise and passion: 

  • Maya (CEO): A healthtech entrepreneur with over 15 years in clinical research. She’s the driving force behind FindMeCure and the visionary behind TrialHub. 
  • Ivo (CTO): A seasoned software engineer with experience in developing the British clinical trial register. His data mastery is pivotal to FindMeCure’s success. 
  • Miro (CMO): A tech-savvy entrepreneur with a track record in healthcare projects. His meticulous approach ensures the team and product’s growth. 

The team, comprising 12 dedicated individuals from software development, research, patient care, and product design, is poised to make significant strides in the clinical trial industry. 

 

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