SAN FRANCISCO, Aug. 5, 2013 (GLOBE NEWSWIRE) -- CollabRx, Inc. (Nasdaq:CLRX), a data analytics company focused on informing clinical decision making in molecular medicine, was featured a Forbes article "Can We Build A Kickstarter For Cancer?," written by Paul Howard.
An excerpt from the article stated:
Web-based tools and apps (e.g., from CollabRx.com) that can mine expert-curated molecular models of specific cancers (like melanoma) can guide treatment decisions (and feed those outcomes, good and bad, back into the research process). Cancer patients would benefit from research focused on their individual diseases – in real time. The resulting knowledge gained would improve cancer outcomes for all cancer patients and help de-risk cancer drug-development programs. Cancer drug development time frames could be slashed from one to two decades to two to five years fast enough to make a difference in the lives of tens of thousands of patients.
In 2013, 1.6 million Americans will be diagnosed with cancer, with 580,000 succumbing to it. Only 48,000 cancer patients will enter clinical trials. The remaining 1.55 million will receive the "standard of care" – and while this may be curative for patients with early stage or highly responsive cancers, for far too many patients, it will buy them little time at the cost of serious side effects. Indeed, it is these patients who would most benefit from participating in a movement focused on distributed research and learning.
To view the article in its entirety please visit the following link: http://www.forbes.com/sites/theapothecary/2013/08/01/can-we-build-a-kickstarter-for-cancer/
CollabRx began its commercialization effort of web-based tools and apps to inform clinical decision making in molecular medicine, in the Company's fourth quarter ended March 31, 2013. Working with leading partners in the space, CollabRx believes it is positioned as virtually the only pure-play public company in the sector.
About CollabRx
CollabRx, Inc. (Nasdaq:CLRX) is a recognized leader in cloud-based expert systems to inform healthcare decision-making. CollabRx uses information technology to aggregate and contextualize the world's knowledge on genomics-based medicine with specific insights from the nation's top cancer experts, starting with the area of greatest need: advanced cancers in patients who have effectively exhausted the standard of care. More information may be obtained at http://www.collabrx.com.
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