Chapel Hill, NC - Health Decisions, Inc. announced today that it will offer Mi-Co's Mi-Forms technology to its pharmaceutical customers as part of its solution for rapid clinical trial data collection, processing and analysis.
Compared to paper forms that 95% of clinical trials still use, the system reduces data entry time by 68%, allowing better study management. The combined offering, unique in the industry and known as SmartPaper, allows responses to be recorded simultaneously on paper and electronically, thus combining the ease of paper with the speed and accuracy of electronics.
"Despite recent efforts at electronic data collection (EDC) in the industry, an ongoing difficulty continues to be collecting data in a way that does not interfere with patient interviews," said Michael Rosenberg, MD, MPH, President and CEO of Health Decisions. "Although technology is in the forefront of drug development, sometimes doctors prefer old fashioned things because it works better for them. Clinicians often find that EDC is impractical, often actually hindering their work because they are used to the ease of keeping notes on paper.
The Mi-Co approach combines the ease of dealing with paper with the ability to immediately process and transmit data as they are collected from patients. The resulting hybrid system is considerably easier than either paper or electronic systems and has not been offered before in this industry."
"Inefficiency in new drug development is an ongoing weakness in the industry," Dr. Rosenberg continued. "It now takes some $800 million and 12 years to get a new product to market. This largely reflects the degree of difficulty in the development process. The Mi-Co technology facilitates capturing clean data."
"Our research indicates that new tools, especially technology tools, may be misused because they are overly complex," said Jim Clary, President of Mi-Co. "Our product, which is basically a clipboard and a piece of paper, can be used easily by everyone in the drug development industry."
About Health Decisions
Health Decisions is a leading provider of worldwide comprehensive clinical research services to pharmaceutical, government, and non-profit organizations. Through development of new processes, software, and use of the Internet, the company has dramatically reduced the time required for clinical evaluation and registration of pharmaceutical drugs and devices. The company has received numerous awards for technical excellence and growth, including three-time inclusion in the Inc 500 and Technology Fast 500, the Cisco Growing With Technology Award, and Dr. Rosenberg's recognition as Ernst & Young's Entrepreneur of the Year in Health Sciences. For more information on Health Decisions, visit www.healthdec.com.
Mi-Co provides innovative end-to-end solutions enabling the wireless capture, storage and communication of forms based and free-form pen-on-paper data for users of PDAs, handheld computers and Smart Phones. Mi-Co is targeting the Mi-Forms solution to enterprise verticals including healthcare, insurance, public safety, field service, and CROs. Mi-Co is headquartered in Research Triangle Park, North Carolina. For more information on Mi-Co, visit www.mi-corporation.com.