Commercial maturation of MedicQuant

Información del proyecto

MedicQuant

Identificador del acuerdo de subvención: 101114385

DOI

10.3030/101114385

Proyecto cerrado

Fecha de la firma de la CE 30 Junio 2023

Fecha de inicio 1 Julio 2023

Fecha de finalización 30 Junio 2024

Financiado con arreglo a

• European innovation ecosystems

Coste total

Sin datos

Aportación de la UE

€ 75 000,00

Coordinado por

MEDICQUANT APS
Denmark

Periodic Reporting for period 1 - MedicQuant (Commercial maturation of MedicQuant)

Período documentado: 2023-07-01 hasta 2024-06-30

Resumen del contexto y de los objetivos generales del proyecto

MedicQuant is an in vitro diagnostic company where we have invented a deep-tech platform technology that will revolutionize small molecule diagnostics. Our first product, DoaQuant, focuses on improving stroke management. In the event of stroke rapid treatment is vital for survival and every minute matters. It is crucial to determine the level of anticoagulant (AC) drugs in these patients, as this determines which lifesaving treatment can be given. Current diagnostic solutions take more than 40 minutes thus risking patients’ lives. DoaQuant can rapidly provide clinicians with the answer they need to determine the correct life-saving management in stroke, thus greatly reducing delay in treatment, mortality, and disability.
MedicQuant is at product development/pre-clinical stage. As MedicQuant is a deep-tech diagnostic company, we are high-risk, high reward and as the road to market is long and cost intensive, early de-risking is essential. The greatest challenges before project start were both technical, regulatory, commercial and funding. These mainly concerned regulatory approval, market access, clinical performance and securing VC funding to reach market launch.
The overall goal of the activities performed during the Women TechEU program are to de-risk the commercial aspects of MedicQuant in order to be VC investment ready. This include both regulatory pathway, market access strategy and coaching.

Trabajo realizado desde el comienzo del proyecto hasta el final del período abarcado por el informe y los principales resultados hasta la fecha

The work performed in this project is not related to technical or scientific aspects. The results are therefore explained in another section.

Avances que van más allá del estado de la técnica e impacto potencial esperado (incluida la repercusión socioeconómica y las implicaciones sociales más amplias del proyecto hasta la fecha)

The impact of the results from the Women TechEU grant are big, as these are key steps to be performed in order to de-risk the commercial aspect of the company. This is important, both to ensure successful market launch of the product, but also in order to raise capital for the clinical evaluation phase. The key results that were obtained in the grant period were: Regulatory pathway, reimbursement analysis, pricing and dynamics at hospitals, market access strategy and coaching in order be VC ready.