Clinical Data Inc launches a disruptive technology making life saving drugs cheaper for mankind

NORTH WALES, Pa. - March 2, 2016 - PRLog -- The cost of new drugs is sky rocketing making them unaffordable to many in dire need. Some of the key factors influencing this is the long duration, high cost, and risk of developing new drugs and the state of the Industry. The global Bio-Pharma industry is being restructured by dwindling research & developmentbudgets, patent cliff, anemic pipelines and fierce market competition.

Regulatory agencies all over the world are joining in the effort to drastically reduce the cost, duration and risk ofclinical trials. This is based on the observation that about 99 percent of clinical trials fail due to reasons such as high site monitoring cost, changing regulatory standards, and suboptimal risk management, etc.

To help lower the cost and risk of new drug development, FDA has mandated compliance with CDISC data standards starting from Oct, 2016. They also are recommending a risk based monitoring approach to Clinical trials to reduce site monitoring and oversight costs to the barest minimum. Until now, there was no affordable advanced integrated platform that adequately supports Data Standardization, Risk Monitoring and Predictive analytics on a lean cloud in real time.

Clinical Data Inc. is a global technology organization established with the mandate to research and explore the means of reducing risk, costs and duration for a successful clinical, all in compliance with global regulatory requirements. The result of this research and exploration is the formulation of a disruptive technological solution and platform known as Clindata Cloud.

"Clindata Cloud" is a disruptive clinical data standardization & risk monitoring platform, that compresses clinical trials by about 8 months, eliminates data related regulatory rejections, reduce site monitoring costs by 25 % and offered in Software- as-Service (SaaS) study based pricing model.

Clindata Cloud is a big data platform that is specifically designed for clinical trials and eliminates the need for a large IT landscape to run trials. It harmonizes and consolidates clinical data from multiple disparate sources such as Electronic Data Capture Systems, etc. into a subject / patient centric data model in real time. This empowers the clinical operations teams with real time data insights, predictive analytics and risk based monitoring across the various investigative sites across the globe.

One of the unique features of Clindata Cloud is its ability to mine both raw and standardized clinical data for risk patterns and flags and eliminates false alerts saving time and efforts.

If you are looking to leverage technology to make new drugs affordable to humanity while mitigating the risk on clinical studies, contact them at info@clindatainc.com .

Website: http://www.clindatainc.com