Fast Track Systems Introduces Enterprise Clinical Software for Global Protocol Development; TrialSpace Designer Optimizes Protocol Development, Eliminates Operational Inefficiencies
Fast Track Systems, a technology and clinical information company, today announced the general availability of TrialSpace Designer(TM) at the Drug Information Association’s 40th Annual Meeting in Washington, D.C. TrialSpace Designer is the first and only enterprise solution to enable efficient and consistent trial protocol design. Using TrialSpace Designer, pharmaceutical and biotechnology companies can ensure quality and consistency in clinical trial protocols, resulting in substantial financial savings of time, resources and operational costs. Based on the findings from an extensive beta program with four of the world’s largest pharmaceutical organizations, TrialSpace Designer will make a dramatic impact on how future protocols are developed and implemented.
TrialSpace Designer leverages worldwide data provided by the industry’s leading organizations and best practices from Fast Track’s Protocol Quality studies conducted for many of the world’s prominent pharmaceutical companies. Based on economic analyses performed on the results of numerous Protocol Quality engagements, Fast Track estimates that protocol errors alone cost the industry $710 million per year in direct costs and over $7.5 billion per year in lost potential revenue. Many of these errors originate from poor or incomplete protocol design, resulting in development delays, document inconsistencies, long review times and excessive procedures.
TrialSpace Designer offers a first-in-class approach to developing protocol designs by combining unique industry data with sophisticated modeling technologies to create more accurate, consistent and efficient protocols that translate into more consistent development programs and improved clinical trials. TrialSpace Designer embeds the Fast Track Intelligent Clinical Protocol(TM) technology within Microsoft Word, resulting in a familiar user-friendly, data-driven environment for medical researchers designing protocols and for professional teams that review, finalize and implement protocols.
“Our innovative approach and proven technology opens the door for pharmaceutical and biotech companies to achieve substantial breakthroughs in trial performance as well as major reductions in operational costs,” said Dr. Michael Kahn, vice president and chief medical officer, Fast Track Systems. “Together with our TrialSpace solution suite, TrialSpace Designer enables the industry to execute clinical development plans more effectively over the entire clinical development lifecycle — for remarkable gains in time, cost savings and resource allocation.”
TrialSpace Designer is the latest release in Fast Track’s TrialSpace application suite. Additional products include TrialSpace Grants Manager(TM) for trial budgeting and TrialSpace CROCAS for CRO budgeting. Fast Track’s TrialSpace platform integrates these solutions to provide a high level of process optimization. Using the TrialSpace solution suite, companies have access to the most up-to-date data and methodologies to systematically accelerate and improve the initiation, planning and execution of clinical trials globally.
Availability
TrialSpace Designer is available immediately. To see a demonstration of TrialSpace Designer at the DIA Annual Meeting, please visit Fast Track’s booth (#302) at the Washington Convention Center in Washington, DC. For additional information about TrialSpace Designer and the TrialSpace application suite, please visit www.fast-track.com .
About Fast Track Systems
Fast Track Systems, a clinical development optimization company, provides a data-driven systems approach to expediting clinical trial design, setup and execution. Drawing on the industry’s largest database of protocols, disease indications, and performance benchmarks, Fast Track is effecting system-wide change in clinical development with products and services that streamline and improve the trial process. Fast Track’s flagship TrialSpace(TM) platform provides an infrastructure for optimizing operational design and management, speeding time to market and reducing trial costs. Based in Fort Washington, PA, Fast Track also has offices in San Mateo, CA, Ross, CA, and London, England. Fast Track serves the bio-pharmaceutical and biotechnology industries, and clients include most of the world’s leading pharmaceutical companies. For more information, please visit www.fast-track.com .
