Cardiff, UK (Scicasts) — A Cardiff-based data science consultancy, Digital Health Labs, has won the ‘Dragon's Den’ competition at Biowales 2016 with their Metalyst platform.
The company was celebrating its success at this year’s BioWales conference.
Metalyst accelerates meta-analysis of clinical trial data, allowing life science organizations to more rapidly understand which are the best treatments for patients. The platform includes innovative features to streamline data extraction, processing and analysis in order to leverage the benefits of global collaboration in this field.
In front of an international audience, Mark Smithson and Dr. Chris Poole presented their successful pitch to a panel of six ‘Dragons’ headed by Sir Chris Evans OBE, Chairman of Arthurian Life Sciences, and one of Europe’s leading biotechnology entrepreneurs.
After their pitch, Mark and Chris took questions from the judging panel, including Professor Trevor Jones CBE, Director of Arthurian Life Sciences and former Director General of The Association of The British Pharmaceutical Industry ABPI, and Ricky Martin, winner of The Apprentice in 2012.
"Meta-analysis of clinical and related data is of fundamental importance to establish the cost effectiveness of therapeutic interventions and forms the basis of reviews by Health Care providers including, in the UK, The National Institute for Health and Care Excellence N.I.C.E. Such analyses can also inform the pathway of Clinical research during the Development of new therapies," said Prof Trevor Jones.
"The systems in current use by companies throughout the Pharmaceutical and Biotech Industry world widely rely on extensive, laborious, search procedures. METALYST provides a more efficient and importantly timely means of conducting these analyses, which can result in considerable cost saving to the Industry and faster times to market. Digital Health Labs has the potential to become the leading international resource in this field."
Combining the skills of statisticians, health economists and computer scientists, Digital Health Labs is aiming to accelerate data driven research in healthcare.
Created two years ago, Digital Health Labs is enjoying rapid growth. With Welsh Government support through the High Performance Startup scheme initially and now the Accelerated Growth Programme, the company has employed 5 new people in the last 12 months, with more planned.
In winning the competition, Digital Health Labs received a £2,000 cheque from Geldards law firm and a year's premium subscription to the Life Sciences Hub in Cardiff Bay.
Chief Research Officer of Digital Health Labs, Chris Poole said: “We are incredibly excited about the potential of this platform to transform this type of research and proud that the Dragons agree with us. This prize will allow us to directly connect with investors and decision makers in the Welsh life sciences industry and grow the company.”