TrialDox Blog – Accelerating clinical trials…

In August 2009, Private Access announced a partnership with large pharma to test a new approach to expedite clinical trials.   Founded upon winning a patent for data privacy technology, the company believes that the solution to clinical trial recruitment lies in unlocking patient health information using their proprietary information privacy technology.

Private Access’s theory is that going directly to patients who are seeking treatment and requesting their permission to share their health information with researchers will decrease the time required to recruit for trials. Seems that Private Access’s strategy is viable if these assumptions are correct:

• Enlisting patients in the Private Access system can be done cost-effectively
• Concerns for privacy of their health data is the major barrier for patients who are seeking experimental treatment to share information with researchers over the internet
• Patients will share information independently without a physician’s guidance
• Patients in the Private Access system can be matched with physicians prepared to conduct a clinical trial

If these assumptions can be or have been validated, as they very well may have been, Private Access will be in a strong position to assist many researchers interested in expediting clinical trials.

Private Access is an innovator in clinical trials. Welcome your perspectives on the Private Access model.

We at TrialDox are students of innovation and applying theories of innovation to clinical trials. Two of the leaders of innovation theory offer food for thought for those who are interested in re-inventing the status quo: Clayton Christensen and his disruptive innovation theories and C.K. Prahalad and his bottom of the pyramid theories.

Disruptive innovation

Over the past ten years, Christensen has developed a theory to describe how incumbents in industries are eventually displaced by upstarts who target “non-users” of prevailing products and services by offering focused solutions.  To summarize his theory, the upstarts do these things right:

• Focus on understanding the “non-users” job-to-be-done
• Identify a technology enabler to deliver a product or service that one would “hire” to do the job
• Build a business model (resources, process) to deliver the product or service
• Encourage the development of a “value network” that supports the business model

There’s more to the theory, but we find much inspiration in applying Christensen and his Innosight teams work to clinical trial processes.  You can find more in The Innovator’s Prescription.

Bottom of the pyramid

A prolific business thinker, Prahalad made waves with his observations that entrepreneurs and companies in emerging markets can take practical approaches to innovate products and services in order to meet requirements of demanding customers with limited ability to pay for quality.  While many of the examples Prahalad cites hold true to Christensen’s disruptive innovation theory, Prahalad’s example tend to focus on bottom of the pyramid markets that are characteristically high volume and low margin.   We find that if a solution can thrive in these conditions, it is a great candidate for application to markets more familiar in North America.

Welcome your thoughts on how you find inspiration from these thinkers.  Leave us a comment!

True to TrialDox’s core as an entrepreneurial team, we thought it would be worthwhile to our followers to post a few notes on entrepreneurs and organizations from who we draw inspiration. There is quite a bit to learn from the experience, wisdom (and humor) of these people.

In no particular order:

• Jason Calacanis (@jason)
• Guy Kawasaki (@guykawasaki)
• Don Dodge (@dondodge)
• Matt Coffin (Lowermybills.com)
• Steve Case (@stevecase)
• Fred Wilson (@fredwilson)
• Richard Branson (@richardbranson)
• Bill George (@bill_george)
• Mark Suster (@msuster)

The list is certainly not exhaustive and a work in progress. Additions welcome!