In the first SME phase, we wanted to study the feasibility of the project. To do this, we have validated the market, we have studied in detail the competence, we have elaborated a financial plan, completed a regulatory roadmap. In relation with IP, we have up-dated FTO of CerviVax patent portfolio and defined a strategy to maintain this situation and strength it. The result of this study has been satisfactory and it was used to develop a consolidated business plan.
Once the feasibility study completed, we are able to ensure that there is a large market opportunity for CerviVax: expected quota could represent over 1,5 million patients per year. Nowadays, there are no therapeutic solutions against HPV-related diseases in the market; all products are still in development phase. The high immunogenic potential of CerviVax allows us to be confident in the competitive advantage of this vaccine among the solutions currently under development.