Фото - DrugCard
51896

DrugCard

Deliver fully automated solution for pharmacovigilance

Украина, город Киев
Отрасль: Интернет и ИТ, Фармакология
Стадия проекта: Готов прототип или продукт

Дата последнего изменения: 07.04.2021
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Идея

Pharmacovigilance (PV) is a crucial drug development function that ensures the safety of medicinal products. Our goal is to automate core processes of PV fully: medical literature monitoring, storage, and analysis of adverse reactions, signal detection, and Integration with national and
global regulators

Текущее состояние

We have more than 10 clients on the free trial period and 4 clients that are ready to sign contracts.

Рынок

Total pharmacovigilance software market in 2021 - about 200 million US$.
Growth rates (CAGR) +7,6% per year. Due to Research and Markets forecast - the total market in 2027 will be $292M.
At the moment,
World TAM = 200M$
World SAM (30%) = 60M$
World SOM (10%) = 6M$

Pharmacovigilance software is penetrating market point. We want to diversificate to other Life Science Software. According to Life Science Software - Global Market Trajectory & Analytics, Global Life Science Software Market to Reach $8.5 Billion by 2027.

A number of pharmaceutical and biotech companies:
USA: 3000
Europe: 5000
CIS: 230
Ukraine: 115

Проблема или Возможность

Pharmacovigilance is a crucial drug development function that ensures the safety of medicinal products. Market authorization holders (companies, who sell medicines) required to have a good established internal pharmacovigilance process. But at the moment:
- Companies do not have a single digital solution for pharmacovigilance
- Companies use manual information processing (which is not in line with global requirements)
- Companies spend a lot of resources on medical literature monitoring (approx. 1 staff rate for 40 drugs in companies portfolio list)



Решение (Продукт или Услуга)

Develop a fully automated pharmacovigilance platform for adverse drug reaction reporting and medical literature monitoring - SaaS DrugCard.

Конкуренты

ArisGlobal
Functional literature search, which however does not include local country journals, which violates the regulatory requirements of the respective countries.

Embase
Includes more than 8,000 sources for literary monitoring, but does not include local journals. High prices - from $ 5,000 per month. There is no module for monitoring instructions for medical use of reference drugs.

PvEdge
Literary monitoring and monitoring of instructions for medical use of reference drugs functions have not been implemented.

Oracle
Literary monitoring and monitoring of instructions for medical use of reference drugs functions have not been implemented. High pricing policy.

OtipharmDataPro
Literary monitoring is not functional (it is not possible to review the found articles, unstable work, small number of sources). Adverse reactions handling is not valid according to the current standards.

DS Base
No literature monitoring module, but there are other modules for working with drugs, documents and files. The company mainly delivers solutions on clients’ servers rather than use the SaaS model, which burdens customers with system maintenance.

Преимущества или дифференциаторы

DrugCard software is the only comprehensive solution on the market to automate all 12 critical pharmacovigilance processes

Digitization of pharmacovigilance processes in compliance with the best recommendations of global regulators. Manufacturability and innovativeness of the solution.
Automation of all critical pharmacovigilance processes
Helicopter view. Our development team and work experience provide us with a global vision of appropriate and quality software for the pharmaceutical market:
Use of advanced information technologies and construction of appropriate IT infrastructure, which is becoming increasingly important in a strictly regulated environment.
Deep understanding of pharmacovigilance, thanks to the acquired pharmaceutical education and experience both in the commercial sector of the pharmaceutical market and in the scientific
Experience working with local and international regulators and pharmaceutical companies

Финансы

We work on the SaaS model. Our prices:
Ukraine - from 399$ to 1199$ per month
World - from 1119$ to 2799$ per month

Our goal is to achieve $1.5M annually by the end of 2024 (100 clients).
We have pessimistic and optimistic forecasts.
2021 - 310k / 225k (30/20 clients) respectively
2022 - 750k / 475k (50/30 clients) respectively
2023 - 1 110k / 650k (75/45 clients) respectively
2024 - 1 545k / 850k (20/30 clients) respectively

Бизнес-модель

SaaS model. Monthly payment.
Key metrics
Marketing:
Active Companies - the number of companies that have entered into a contract to use the service
CAC, customer acquisition cost - the cost of attracting 1 client (company)
ARPPU - the average profit of 1 company that has entered into a contract for a certain period
GMV, gross merchandise volume - the gross volume of trade transactions
LTV, lifetime value - how much revenue a company that uses the product for the entire period of time
Return On Sales - Total profit

Product metrics:
Compliance - compliance of the product with the regulatory requirements of a particular regulator
Total Sources - the total number of sources of medical information
Processed articles - the total number of articles processed by the company
Safety information articles - the total number of articles with information on drug safety
Total ICSRs - Total number of treated adverse reactions
Happiness - the satisfaction of a particular user of the company from the product (ease of use, periodic survey of system users) (an indicator of the KPI framework - HEART)
Engagement - frequency of visits of a specific user of the company (an indicator of the KPI framework - HEART)

Целевое назначение инвестиций

Closing vacancies (2 Developers, 1 tester, 3 sales manager)
Accelerate development (Reaching new customers thanks to unique functionality)
Entering the international market (CIS, Europe, and the USA)
Diversification (Area of clinical research and registration of drugs)


Предложение инвестору

5% of the Company's share capital

Команда или Руководство

Риски

Changing resource sites, publication format, which requires constant analysis and monitoring
Competition from existing companies.
The economic crisis in the country, the world, which reduces the solvency of potential customers

Прохождение Инкубационных/Акселерационных программ

None.

Победы в Конкурсах и другие награды

None.

Изобретение/Патент

In registartion proccess.

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Идея
Текущее состояние
Рынок
Проблема или Возможность
Решение (Продукт или Услуга)
Конкуренты
Преимущества или дифференциаторы
Финансы
Инвестировано в прошлых раундах, $
Бизнес-модель
Целевое назначение инвестиций
Предложение инвестору
Команда или Руководство
Менторы-советчики
Лид-инвестор
Риски
Прохождение Инкубационных/Акселерационных программ
Победы в Конкурсах и другие награды
Изобретение/Патент
Фотографии
Видео о продукте
Презентация