Periodic Reporting for period 1 - TEAXON (Therapeutics based on the eAXON technology)
Reporting period: 2023-04-01 to 2024-09-30
While the eAXON project concentrated on the potential of the technology for neuromuscular stimulation to restore motor functions in patients with paralysis, the TEAXON project explored its potential for non-motor therapeutic applications involving peripheral nerve stimulation.
First, the clinical and market potential of eAXON technology for peripheral nerve stimulation (PNS) was analyzed through a comprehensive approach, including existing market studies on PNS, in-depth interviews with experts and key opinion leaders (KOLs), and collaboration with a consultancy firm to develop a strategic market analysis.
Second, a novel therapeutic system based on the use of the eAXON technology was conceived and protected through a patent application. (Further details are intentionally omitted to preserve confidentiality.)
Third, to reinforce confidence in the robustness of the eAXON technology, we have developed test benches and assays to assess durability. In collaboration with an AIMD industry expert, we have also identified essential aspects critical to robustness of the eAXON technology.
The primary goal of the TEAXON project was to de-risk eAXON technology for peripheral nerve stimulation (PNS) and advance it toward patient use, effectively increasing its value. We recognize that launching a spin-off or startup to further develop and clinically validate the technology is an essential step for any highly innovative medical technology, especially in the field of active implantable medical devices (AIMDs). Consequently, the de-risking activities within the TEAXON project were also intended to lay the groundwork for a future spin-off, reducing risk for potential investors—whether from private sectors or public funding sources such as the EIC Transition program.