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PRESS RELEASE. ClinTex is poised to deliver on its promise to reduce costs and wasted time in the medical trials industry, with its CTi token available for public trading on KuCoin on Wednesday. Using the combination of blockchain, artificial intelligence and smart contracts, ClinTex is an innovative medical experimentation platform that will usher in an era of data sharing, analytics and management in pharmaceutical development that will revolutionize today’s industry. The goal: to eliminate problems that cause waste of time and resources and remove duplication of effort.
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The pharmaceutical industry is profitable: an innovative drug capable of fighting a disease is worth billions in sales. However, the industry is littered with high barriers to entry and unfathomable delivery times for products. Compounding these problems are the difficult testing steps before drugs are approved for use. To offset this huge cost, the pharmaceutical industry simply passes the cost on to the public, with sufferers paying huge amounts of money for their health. And from ClinTex’s point of view, this is unacceptable.
ClinTex is leveraging blockchain technology to herald a new era in medical practice data sharing that is secure, efficient and open. Their Clinical Trials Intelligence (CTi) platform uses data analytics combined with blockchain technology to address major inefficiencies in clinical trials. In this way, the estimated $ 350 billion each year for new drug development can be significantly reduced.
The CTi platform will also enable better collaboration in the pharmaceutical industry. Currently, there are nearly 3,000 ongoing studies evaluating Covid-19 treatments and vaccines, but most are working in isolation. Using blockchain technology, CTi will finally provide a way for Big Pharma, small Biotech, universities and independent researchers to collaborate and share key data, enabling faster clinical trials and fewer clinical trial failures. This will support ClinTex’s vision to facilitate faster, safer, and cheaper delivery of new drugs.
CTi list
Powering ClinTex’s mission of serving humanity is its CTi token. The company originally had an IEO in the plans, but the immense interest of the participants meant ClinTex was ready to go to market with CTi much faster. Purchased at an incredible pace, the first round is completely sold out and the second has also seen unprecedented demand. ClinTex has decided not to run any additional unnecessary rounds of sales.
CTi has been listed on KuCoin since Monday, November 30, 2020 and began trading publicly on Wednesday, December 2, 2020. KuCoin is in the top ten cryptocurrency exchanges and its high trading volume means the token will be within the reach of hundreds of thousands. investors and people who share the ClinTex dream. With over 30,000 new clinical trials registered each year and over 250,000 clinical trials in progress at any given time, the market potential for CTi is enormous. This market opportunity, coupled with ClinTex’s innovative platform, is likely to drive significant demand for the token in the short term, with longer-term sustainable token growth driven by the launch of the platform in 2021.
Open, but safe
ClinTex offers a seamless experience of sharing medical data, but at the same time respects intellectual property. A recent report by The Guardian revealed that state-sponsored hackers are constantly attempting to hack the servers of pharmaceutical companies engaged in the development of the COVID-19 vaccine. This is the real reason why ClinTex uses the blockchain. Smart contracts ensure that information is released to the only right party, leading to a trustless environment.
Expert opinion
Together, the ClinTex team has over 50 years of experience in the pharmaceutical industry, with extensive links in the clinical trial industry. ClinTex is also set to launch its working platform in 2021. With the platform launched next year, the true power of medical trials and blockchain will be unleashed, bringing pharmacists, doctors, researchers and others together under one roof, working in cohesion. to make drugs easier to develop and affordable for the world. One world, one humanity, one global health benefit.
Join the medical revolution and trade CTi today at KuCoin!
Connect with ClinTex on Telegram: https://t.me/ClinTexCTi
Join ClinTex on Twitter: https://twitter.com/ClinTexCTi
Check out what ClinTex is doing on Medium: https://medium.com/@clintexcti
About KuCoin
KuCoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has become one of the most popular cryptocurrency exchanges and already has over 5 million registered users in 207 countries and regions around the world. One in four cryptocurrency holders in the world is with KuCoin.
Contact details for the media
Contact Name: Sean Flanagan
Contact email: [email protected]
ClinTex is the source of this content. This press release is for informational purposes only. The information does not constitute investment advice or an investment offer. Virtual currency is not legal tender, not backed by the government, and accounts and value balances are not subject to consumer protection.
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Image credits: Shutterstock, Pixabay, Wiki Commons
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