Project description
A sustainable approach to affordable biotherapeutics
The production of biosimilars, essential for reducing healthcare costs, has traditionally been expensive and energy-intensive. Conventional methods rely on complex cell culture systems, requiring investment and generating a large carbon footprint. These challenges have hindered the widespread adoption and affordability of biosimilars. Bio-Sourcing has developed a solution that revolutionises this process with its BioMilk platform. The EIC-funded BioMilk project uses CRISPR-Cas9 technology to produce genetically modified goats that produce biosimilar molecules in their milk. This approach reduces production costs and carbon emissions. The platform promises scalability, sustainability, and a potential EUR 100 billion market opportunity. Bio-Sourcing aims to complete non-clinical studies for three biosimilars and begin clinical trials.
Objective
Bio-Sourcing has developed a BioMilk platform, a new paradigm-shifting technology to produce biosimilar molecules in the milk of genetically engineered goats. This breakthrough development producing genetically modified goats using CRISPR-Cas9 produces 100% pure progeny of goats with genes of interest of biosimilar. Our bioproduction method is up to 5x more cost-efficient reducing costs from €100-200 of to €25 per gram of API and has 10x less CAPEX reducing investment costs from €200-300 million to 35 million and 1000x lower Co2 footprint reducing it from 25T to 5 per Kg of API, compared to conventional methods, allowing its scalability and industrialization with significantly less carbon footprint. The BioMilk platform has the potential to be market creating and disrupt the biotherapeutics manufacturing and biosimilar markets with an enormous market opportunity of €100B. The main goal of the project is to successfully complete the non-clinical analytical studies for three biosimilars with the highest market potential and perform the phase-I clinical validation of the first biosimilar. This will help Bio-Sourcing to close a licensing deal for the sales of the biosimilars to a pharma or biogeneric-producing company by 2027. Bio-Sourcing will remain the exclusive producer and act as a supplier of API to its customers who will sell fully formulated biosimilars. Bio-Sourcing is expected to receive upfront payments and milestones (€40M in total per biosimilar) and generate longer-term revenue through sales of API and royalty payment on net sales (5%). Bio-Sourcing seeks EICA blended finance (€2.5M grant and €10M equity), which will enable Bio-Sourcing to reach its value inflection point of successfully completing the important Phase I study for the first biosimilar from the BioMilk platform for human health application.
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Keywords
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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HORIZON.3.1 - The European Innovation Council (EIC)
MAIN PROGRAMME
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Topic(s)
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Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
HORIZON-EIC-ACC - HORIZON EIC Accelerator
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) HORIZON-EIC-2024-ACCELERATOR-02
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Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
4000 LIEGE
Belgium
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.