RE: RADx24 Jul 2020 18:16
Wonder what phase we’re at?
RADx Tech aims to identify, accelerate development, scale up and deploy innovative point-of-care technologies throughout the fall of 2020. The program uses an “innovation funnel” design where applications quickly move through multiple stages of review with increasing scrutiny. This has been compared to a “shark tank” model. About 15-20% of RADx Tech applications will qualify for additional consideration and review. Of those applications, less than one-third will move to rigorous Phase 1 testing and validation through NIH’s Point-of-care Technology Research Network (POCTRN). If a project is judged successful at that point, rapid scale up and clinical testing gets underway, with substantial financial assistance provided. As of July 13, over 600 applications had been submitted, with 27 projects advancing to Phase 1 and one project advancing to Phase 2.