From our experience working in clinical trials we have firsthand experience of how closely patients are monitored during clinical trials and how adverse events are managed. In the real world, the patients adverse event data is scattered and sometimes lost within the health data silos.
We know with the increased use of EHRs, health applications, devices and wearables there are vast amounts of data being generated that would provide valuable insights into drug safety, but there are not many analytical tools in existence that can help reveal this quality data. With a family member that has not only experienced serious adverse events from medications, but also still has to take those medications for chronic diseases. We realize the importance of monitoring certain medications for additional adverse events and by assisting with predicting which patient populations may be more at risk of these type of adverse events.
We believe that our solution will help hospitals better track and manage adverse events for certain medications, will help Payers reimburse for medications that provide better outcomes and fewer side effects and help Pharmaceutical Companies obtain better insights on their drugs performance in the real world.