Periodic Reporting for period 2 - Biventricular Epicardial Augmentation Technology (A revolutionary technology platform for providing life-saving treatment for end-stage heart failure patients)
Période du rapport: 2024-01-01 au 2024-12-31
reBEAT is a novel, durable MCS device that is developed and manufactured by AdjuCor in Munich, Germany. reBEAT comprises an Implant that can be implanted minimal invasively around a patient’s heart and is connected to an electro-pneumatic Drive Unit that can be carried by the patient. The main differentiation of reBEAT to currently available durable MCS technologies, is that it completely avoids blood contact. Furthermore and contrary to currently available technologies, it can deliver pulsatile support and support one or both sides of the heart.
The objective of this EIC project was to enable the reBEAT technology to reach its final pre-market clinical study and achieve certain key market entry preparatory steps. AdjuCor started with the reBEAT technology development in 2012. Since then, AdjuCor’s multi-disciplinary team was able to achieve key milestones in its development, in vitro and pre-clinical in-vivo tests and regulatory requirements for maturing the technology to reach a sufficient TRL level to qualify for EIC Accelerator funding.
To reach this objective, AdjuCor has been focusing on pre-market activities of preparing for market entry (WP1), performing long-term testing required for different system components, for patient use and for usability (WP2), management of grant (WP3), production of reBEAT systems required for clinical testing and optimization of manufacturing capabilities (WP4) and execution on the world’s, first-in-human study of a device of this kind (WP5).
The results of first phase of the FIH acute feasibility trial showed that all primary safety and performance endpoints were met, with positive outcomes also for other exploratory endpoints, including implantation duration and echocardiographic compatibility. This is essential foundation that needed to be laid to enter into the longer-term clinical trials.
Finally, since AdjuCor applied for the “grant first” modality of the EIC accelerator program, a strong emphasis was placed on fundraising activities to secure the foreseen follow-on investment in order to reach market approval for reBEAT. Apart from focus on preparing and approaching new private investors, AdjuCor also successfully completed a due diligence process with the European Investment Bank and demonstrated sufficient progress to secure term sheet from the EIC Fund for a €10 million mirroring investment.