The company is developing a platform technology for the detection and diagnosis of disease, using an innovative rapid Point of Care breath sensing technology.
The core product uses new technology for ammonia sensing, specifically developed for the detection and diagnosis of Helicobacter Pylori (H. Pylori) a condition that can lead to gastric cancer from which there are 800,000 cancer deaths worldwide each year. H. Pylori is classed as a carcinogen by the World Health Organisation (WHO) and International Agency for Research on Cancer.
In North European and North American populations, a third of adults are infected with H. Pylori, whereas in south and east Europe, South America, and Asia, the prevalence of H. Pylori varies but mostly in the 50-90% range. The product is targeted for sale in Europe, North America and Asia with eventual access to a global market.
Currently, diagnostic procedures exist but require capital equipment and laboratory personnel which are deemed expensive and, in the case of endoscopy, are invasive. Clinicians have expressed a need for a clinic-based test for H. Pylori that is easy to use and delivers high sensitivity and specificity. AM-SENSE is based on an electrochemical sensor that measures increased levels of ammonia in breath. The AM-SENSE system is designed to address these unmet needs providing a rapid, easy to standard test procedure.
The conclusion from the market research gives evidence that AM-SENSE solves a pressing and global unmet need in the treatment of H. Pylori. Consequently, the business plan has been developed to support our funding requirements.
