Opyl Ltd. (AU:OPL) has released an update.
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Opyl Ltd. has developed TrialKey, an AI-driven platform that boasts a 92%+ accuracy rate for predicting clinical trial success, aimed at reducing the high failure rate of biotech investments. With annual investments of US$80B across thousands of trials, TrialKey offers a data-driven approach to enhancing trial design. The platform sees significant market potential in Australia’s robust pharmaceutical and clinical research sectors, with a total addressable market of over $328 million for its reports.
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