Yet, 9 out of 10 clinical trials fail. Finding patients for clinical trials is the largest problem of the $63 billion clinical research industry.
FindMeCure empowers patients looking for clinical trials, thus accelerating the drug development process.
The LAUNCHub Ventures-backed startup is essentially a Google for medical trials, connecting patients with potentially life-saving treatments.
In July this year, the FindMeCure team was selected to join the Techstars London cohort. Over 1300 startups from 21 countries applied and only 11 companies made the final cut.
The startup has already gained significant initial traction, as the clinical trials market is ripe for disruption.
The number of clinical trials that fail each year is astonishing. The technology behind FindMeCure enables patients to find groundbreaking treatments for incurable diseases, while improving the speed to market for innovative forms of medical care.
Most people rank their experience with clinical trials highly and would recommend it to a friend. At the same time, only 5% of the population are aware of the clinical trials available to them.
This is a big problem.
When medical professionals fail to recruit patients for clinical studies, potentially life-saving medicines do not reach the market.
The platform relies on a unique search algorithm, which filters through over 95% of the clinical trials in the world. In addition, the company’s software evaluates trials for how relevant they are to a given patient's needs.
If you have a chronic illness, it’s as simple as searching its name and finding lots of trials happening in different countries. The trials are assessed on their safety and credibility. All are promising to deliver cures to chronic and life-threatening diseases.
According to Stan Sirakov, partner at LAUNCHub Ventures, the clinical research industry needs approximately 75 million patients to take part in various trials:
"Pharma companies face such steep costs for any delays in their clinical studies, that they are willing to pay FindMeCure up to $10,000 per eligible patient. There are millions of patients waiting for promising medicines to be released on the market. The FindMeCure team is uniquely qualified to solve this major challenge."