Miracle - Speeding up clinical trials 💊

TL;DR Miracle helps biotech and pharma companies accelerate clinical trials by connecting all patient recruitment data sources. Each day of a clinical trial that Miracle’s software can help shave off is worth on average $2M in additional patent-covered revenue opportunity.

Hi everyone! My name is Jin, and I’m the Founder & CEO of Miracle. When I was competing for medals as a former athlete on the USA Archery Team, I used to aim my bow and arrow down at a target 70 meters away. Today, I have my eyes set on improving healthcare by bringing science to life and into hands of patients more quickly.

The Problem

Biotech and pharmaceutical companies (“sponsors”) must run clinical trials (phase 1-3) in order to get FDA approval to market their drug. The average cost to bring a new drug to market is >$2B, and clinical trials can take up 7-10 years of a 20-year patent window. Over 80% of clinical trials are delayed from patient recruitment, but vendors and clinics do not play along nor provide the transparency necessary for sponsors to account for ROI and, ultimately, runway.

Today, Clinical Operations teams within biotech companies spend 15% of their time manually compiling information from multiple vendor portals and creating visualizations to report up to management and the board on the study progress – all of which take valuable time that they could be using to focus on improving the study operations.

However, the bigger problem is that without transparent consolidated reporting, they have no choice but to throw money at vendors and research sites in hopes of recruiting patients quickly. They have a hard time optimizing the millions of dollars spent each year in a way that would actually expedite their trial.

The Solution

Miracle is a one-stop shop for biotech/pharma to fully automate and consolidate their clinical trial reporting needs. We integrate with their vendors and research sites to eliminate time wasted on aggregating metrics and compiling reports, free up their time to focus on patient recruitment, and make it possible to optimize ROI on vendors and sites that are meaningfully speeding up the trial.

Examples from Miracle

Our Ask

• If you’re at a biotech company running a clinical trial, we’d love to chat with you.
• Any intros to biotech/pharma reps (especially in Clinical Operations) would be greatly appreciated.