Clinical Trials Watch allows any organization or individual to keep track of specific clinical trials or sponsors without having to manually look them up everyday or every couple days.
Here are some example use cases and the value Clinical Trials Watch can deliver:
Individuals
Individuals can use this service to get email notifications when a clinical trial, they are interested in, is updated.
Perhaps I am interested in the progress of a clinical trial that may have a promising treatment for an illness I have or a family member/close friend might have.
For example, if I’m interested in the progress of NCT04328961 (Hydroxychloroquine for COVID-19 PEP), I can add it to my watch list so whenever any update is posted for the trial on ClinicalTrials.gov, I will receive an email within fifteen minutes with a link to the changes.
This would save me time and effort of having to manually look up this trial everyday.
Investors/Traders
Investors can use Clinical Trials Watch to monitor progress in companies they have financial stakes in.
Numerous examples exist. Are are two examples:
Ionis Pharmaceuticals (NASDAQ: IONS) dropped 5% in intraday trading after an update on ClinicalTrials.gov said recruitment was suspended in one of their studies (https://thefly.com/landingPageNe…)
Moderna (NASDAQ: MRNA) gained 10% after an update on ClinicalTrials.gov stated one of their clinical trails for the coronavirus vaccine was now recruiting (https://thefly.com/landingPageNews.php?id=3101066&headline=MRNA-Moderna-study-of-COVID-vaccine-now-recruiting-clinicaltrialsgov-site-shows)
Having Clinical Trials Watch monitor trials and sponsors may allow you to see this information a lot faster than other traders or investors may be able to. You could potentially positions yourself accordingly to take advantage before the news disseminates.
Businesses
Businesses and pharmaceutical companies can use this service to monitor or keep track of a competitor’s public progress.
Analysts
Covering a lot of companies and hundreds of clinical trials is certainly no easy task.
Clinical Trials Watch can take a lot of the effort in manually monitoring these trials and sponsors by sending emails only the trial is updated or a sponsor adds a new clinical trial, removing the manual effort and time needed otherwise.