Mantel: “We believe that pharmaceutical companies would want to identify side effects earlier in order to prevent economic damage, as well as damage to their reputation, which could cost them huge amounts of money.
“I looked for an area that the Internet has not yet revolutionized,” said Mantel in an exclusive interview with “Globes”. “In almost every aspect of life – shopping, tourism, finance, music – you can see the difference between now and how it was before the Internet. Only in the field of healthcare do we still go to the doctor, get a prescription, and go to the pharmacy. Granted we can glean information from the Internet, but it is arriving from more or less the same source as it was ten years ago.”
Over the last few years, some countries have even begun regulating tools for the collection of information about side effects, which mainly rely on doctors’ reports. Treato overrides the need to install reporting mechanisms for doctors and requiring them to report side effects that they have discovered, since this information would be gathered directly from the patients.
For the last four years, Mantel has been working behind the scenes on a project that combines the information he has collected in the field of information processing with a world that is new to him – healthcare. Mantel founded his new company, First Life Research, three years ago.
“A Google search will access a lot of information from interested parties. We are analyzing surfers’ opinions,” says Mantel. “Also, our search brings up topics that the consumer would not have known to look for, and enables him to do an extremely thorough search on topics that he wanted to learn about from the start.”
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