The Ledger
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Cleerly's massive clinical trial costs well over $200 million
“Like, if you include the in-kind support, like, it's well over two hundred million dollars to do this trial.”
Cleerly is running a 7,500-patient RCT on asymptomatic screening
“We're doing a large-scale randomized control trial right now. It's about 7500 patients. We're a little over 2000 patients enrolled, and the purpose of this trial is to test the hypothesis that image-guided care, clearly guided care, is superior to conventional…”
Getting reimbursement for a digital health product takes 10 to 15 years
“And so then you go through this effort and this is probably, I've just described the 10 to 15 year effort here to get to that point.”
Min: Cleerly raised $225M Series C from Fidelity and T. Rowe Price
“So the Series C round came together with Fidelity and T. Rowe Price.
Pablo Srugo: How much was that?
Dr. Jim: that was about two hundred twenty-five million.”
Cleerly was 17 days away from running out of cash during COVID-19
“I mean, during the pandemic, right, like, we were 17 days away from being out of operating capital.”
Arterial plaque buildup integrates a lifetime of heart disease risk factors
“When something has too many factors that are contributing to the disease, I think that the best way to do it is to find a single metric that integrates the lifetime exposure of That, to that, of that individual, to all of those known and unknown risk factors, …”
Cleerly has grown over 100% annually for the past five years
“Yeah, I mean, we've done a blended, a compounded annual growth of about a little over a hundred percent over the last five years, and so we've been doubling, more than doubling every year, which is great.”
Min: Cleerly's AI has been validated against invasive catheter benchmarks
“There's, you know, a number of studies that we've done as a company that have validated our technologies against every invasive catheter that you could think of to prove that, like, what we're seeing is actually the disease that the interventional or the invas…”
Manual coronary plaque tracing previously took 8 to 10 hours per scan
“We hired 20 technologists, CT technologists who had gone to radiographic imaging school, and they were the ones who were tracing out all of the images so that we could quantify and characterize the amount and the type of plaque that there was. It was taking th…”