Demonstration of a new diagnostic device for the Overactive Bladder syndrome

Project Information

OABCAP

Grant agreement ID: 663530

DOI

10.3030/663530

Project closed

EC signature date 6 February 2015

Start date 1 March 2015

End date 31 August 2015

Funded under

• SOCIETAL CHALLENGES - Health, demographic change and well-being

Total cost

€ 71 429,00

EU contribution

€ 50 000,00

Coordinated by

ALBYN MEDICAL, S.L.
Spain

Periodic Reporting for period 1 - OABCAP (Demonstration of a new diagnostic device for the Overactive Bladder syndrome)

Reporting period: 2015-03-01 to 2015-08-31

Summary of the context and overall objectives of the project

This report describes the results of the feasibility study for the commercialisation of the OABCAP diagnostic device for the Overactive Bladder syndrome.

The feasibility study has been carried out in a working group formed by the consultancy and the company:

• By the consultancy BANTEC GROUP, the members of the team have been the following:
- Senior consultant
- Senior consultant

• By the technology and product owner ALBYN MEDICAL, the members of the team have been the following:
- General Manager
- Administration manager

Five face-to-face meetings have been carried out with specific themes:

1. Feasibility study launch – March 2014
2. Market – March 2014
3. Value proposition, business model and commercialisation – May 2015
4. Costs, revenues and funding scheme – June 2015
5. Results validation – August 2015

Work performed from the beginning of the project to the end of the period covered by the report and main results achieved so far

Performed actions within the feasibility study are summarized in the following points:

• Market: The related market to the new product has been analysed and its volume forecast for 2020 has been determined.

• Opportunity: The opportunity of OABCAP in the current urologic equipment and disposables market has been analysed.

• Competition: The characteristics of the competitors’ products have been analysed taking as reference the ALBYN MEDICAL new product.

• Regulatory risk: The regulatory risks have been analysed for each significant market.

• Added value: The OABCAP added value has been established taking into account the current market solutions and their limitations.

• Intellectual property: The freedom to operate analysis has been reviewed to establish the up-to-date status of the protection.

• Business model: Current business model in the market have been analysed and the optimum business model for the commercialisation of the new product has been established.

• Commercialisation: A commercialisation strategy has been established.

• Risks: Main technical and regulatory risks have been determined and specific contingency plans have been defined.

• Resources: Manufacture and sale resources for the commercialisation of the new product have been identified.

• Return on the investment: Sales projections hypothesis, cost structure and the revenue model have been established. The return on the investment has been analysed and the business feasibility has been confirmed.

Progress beyond the state of the art and expected potential impact (including the socio-economic impact and the wider societal implications of the project so far)

The new diagnostic device:

• Will determine with high reliability if the patient suffers Overactive Bladder syndrome.

• Will highly decrease the impact of the test in the patient (discomfort).

Thanks to the new diagnostic device a reliable diagnostic evaluation is obtained and thus high treatment costs of the over-diagnosis are avoided improving the sustainability of the European Health and Care systems.
Based on the feasibility study carried out, the business feasibility can be ensured.

oabcap.png