Empowering every doctor and every patient to participate in research
The pace of progress in modern medicine is determined by one process: clinical trials. The vast majority of the time and risk of a clinical trial is incurred by patient recruitment. More than 80% of trials fail to meet their recruitment timelines. These failures can incur delays of several months, at a cost of $1 million to $8 million per day.
Despite the industry recognizing patient recruitment as one of the most important factors of trial success, it has remained unsolved. The largest breakthrough of the last 10 years was Facebook Ads.
We believe there's a step-change improvement that can be made by introducing clinical trials to patients how they would prefer: via their doctors.
72% of doctors would like to inform their patients of clinical trials but fewer than 5% actually do. This gap is explained by the immense burden that doctors must take on in order to provide this service to their patients.
SelectIQ's mission is to reduce that burden to zero and ensure that every doctor and every patient has the option to participate in clinical research. Improvements to trial recruitment will directly improve the cost and risk profile of developing new drugs, meaning more patients will have more options for safe and effective treatments in their time of need.