Periodic Reporting for period 2 - DERMAGNOSTIX (Pioneering diagnostics in dermatology and cancer)
Okres sprawozdawczy: 2023-10-01 do 2024-09-30
automated setting due to low technical validity and vast investment of time and resources when performed manually.
Therefore, DERMAGNOSTIX develops within the scope of the project a revolutionary solution for skin diagnostics – a fully automated cost-efficient platform for molecular diagnostics of skin diseases. It consists of two elements: i) LabDisk – a microchannel cartridge for sample loading and microfluidic processing including all reagents necessary for the test. ii) LabDisk-Analyzer – an automated portable unit performing entire protocol from sample preparation and processing to signal detection and result.
With the Dermagnostix solution, one only needs to put a sample - tissue section embedded in paraffin, freshly taken biopsy or tapestrip – into the disk, insert the Labdisk into the analyzer and push the analyzer’s start button. Objective results are delivered within 45-90 min and testing can be run anywhere and at any time. Our easy-to-handle diagnostic device allows simultaneous detection of 40 and more different molecular targets.
Milestone 1: We successfully completed a Series A round of 5.4 M Euro, led by a private investor and pathologist. For series B round we are in conversation with various VCs and larger family offices for closing of Series B round in Q3/2024 and our existing investors signaled interest in further participating in our planned Series B round.
Milestone 2: To prepare optimal market entry for our product in Europe and the US; we have updated our commercialization plan including competitor analysis, marketing mix and preparation of regulatory route towards commercialization in Europe and US
Milestone 3: LabDisk analyzer including a connectivity solution as well as front-end and back-end software have been finalized and made ready for series production. Moreoever, LabDisk PCR components and cartridge elements have been finalized and a null series of 177 LabDisks was produced for analytical performance evaluation.