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2013 02-20 nycedc pilot presentation
- 1. PILOT Health Tech NY 2013-02-20 Image Reading Center, Inc. Mark Punyanitya Rodney Agayan
- 2. IMAGE READING CENTER, INC. WE ARE: An Imaging CRO FOR: Academic Researchers and Pharmaceutical Scientists who NEED: Advanced imaging biomarkers and technical project management. WE PROVIDE: Implementation, standardization, and validation for Research Studies and Clinical Trials. PILOT Health Tech NY, 2/20/13 2
- 3. OUR TEAM • Mark Punyanitya, Founder & CEO – Columbia University Medical Center, Biomedical Engineer – Applied Physiology @ Columbia, Applied Clinical Trials @ NYU – From Idea to IPO: The Technology Venture Course @ NYAS • Rodney Agayan, PhD, CTO – Columbia University-BME Dept, Postdoctoral Research Scientist – Applied Physics & Electrical Engineering @ U Michigan • Ali Ardati, PhD, Scientific Director – Sanofi, Head-Quality of life-Pain and Urology, Therapeutic Scientific Unit-Aging – Molecular Biology @ Université de Montréal • Joyce Ehrlich, Business Development – Keap Street Advisors, LLC, Founder – Public Health Administration @ NYU, Epidemiology @ Columbia • Research Staff: – Administrative, Project Management, and Scientific PILOT Health Tech NY, 2/20/13 3
- 4. OUR STORY • Over 15 years of Academic Research • Develop, Validate, and Implement • National & International Multi-Center Trials • Project Management and Problem Solving PILOT Health Tech NY, 2/20/13 4
- 5. PILOT PARTNER QUESTIONS • What are short & long term goals? • Why is a pilot project important? • What challenges are you trying to solve? • What are strengths and opportunities that can be leveraged? • What is the ideal criteria for a partner? • What does the pilot approval process look like? PILOT Health Tech NY, 2/20/13 5
- 6. THE PROBLEM • Scientific Expertise is not Technical Expertise • Clinical Investigators, Research Nurses, & Study Coordinators • Very little QC or technical oversight • Conventional training: 10%-50% of imaging data may be rejected PILOT Health Tech NY, 2/20/13 6
- 7. THE MARKET Clinical Trial Image Medical Image Analysis Management (in Billions) (in Billions) 2.5 2.4 2.5 2 2 1.7 1.5 1.5 1.3 1 1 0.6 0.5 0.5 0 0 2012 2017 2010 2016 PILOT Health Tech NY, 2/20/13 7
- 8. THE MARKET • $37 billion for clinical trials outsourcing • Unnecessary procedures and amendments cost over $5 billion per year • Revenue in the applied research services is at $267,000 per employee. PILOT Health Tech NY, 2/20/13 8
- 9. OUR SOLUTION • Virtual Imaging Lab: Compliance Documentation Learning, Training, Testing • Cloud Based Image Transfer: Imaging •Acquisition Cloud •Protocol •Documents •Accessibility IRC Sponsor Facility •Upload Platform •Technical •Human QC •Metrics PILOT Health Tech NY, 2/20/13 9
- 10. VIRTUAL IMAGING LAB FROM: Physical Files TO: Electronic Images FROM: Physical Disks TO: Electronic Folders PILOT Health Tech NY, 2/20/13 10
- 11. VIRTUAL IMAGING LAB FROM: Physical Console TO: Virtual Console PILOT Health Tech NY, 2/20/13 11
- 12. PILOT PROJECT • What is the purpose of your pilot? • What are the data that you are trying to capture? • What primary endpoint are you trying to see/achieve with your pilot? • What kinds of resources will you need from the pilot partner? • What is the specific benefit to the pilot partner? PILOT Health Tech NY, 2/20/13 12
- 13. THE COMPETITION PILOT Health Tech NY, 2/20/13 13
- 14. OUR CLIENTS & COLLABORATORS PILOT Health Tech NY, 2/20/13 14
- 15. POTENTIAL REVENUE • • Academic Investigators: – Collaborator/Consultant for Proposals – Subcontractor/Vendor for Awards • • Industry Sponsors (Biotech/Device/Pharma): – Partnered R&D for New Methods – Vendor for New Technology Implementation PILOT Health Tech NY, 2/20/13 15
- 16. NEXT STEPS • What is the protocol for getting approval in the organization? • What kinds of resources can the pilot partner contribute? • Who are the decision-makers? • What are the proposed roles for you and your pilot partner? • What are the metrics for success? • What is the budget and timeline for going forward? PILOT Health Tech NY, 2/20/13 16
- 17. Thank you! PILOT Health Tech NY, 2/20/13 17
Editor's Notes
- BMEProblem SolvingResearch to Develop Business, not Business doing R&D
- Why are you the right team for this product?BME,ProblemSolvingResearch to Develop Business, not Business doing R&D
- Helping Academic Investigators and Industry Scientists“Make their Clinical Trials Better”
- Helping Academic Investigators and Industry Scientists“Make their Clinical Trials Better”
- What challenge are you addressing for the customer?What value are you providing for the customer?STORY: Sections for Grant Apps, Yearly Progress ReportsEXAMPLE:NY>CA, 1 Year for Data, 3 Years for Results
- Market with hefty expenditure on mistakes. Room for efficiency and improvement.Revenue per employee, showing the difference each can make.
- Foundation of Learning, Training, Testing. Gathering Documentation. Ensure Compliance.CBIT to validate test scans. Future development on its own.
- Market with hefty expenditure on mistakes. Room for efficiency and improvement.Revenue per employee, showing the difference each can make.
- Large Public and Privately CapitalizedDo not engage individual Academic Investigators or prioritize small Biotech/Pharma
- Leverage our network of Academic Collaborators and KOLs
- Who is your target customer?Who pays for your product?Start by saving Academic Investigators and NIH moneyLead to initial traction, and scaling to industry