Periodic Reporting for period 1 - SOS Jelly (An advanced biological remedy against jellyfish stings)
Okres sprawozdawczy: 2016-06-01 do 2016-11-30
• Effectiveness of the various possible active ingredients were verified by in vivo test (anemones) and a specific vegetal extract was selected as the best active ingredient; some prototypes of topical formulation is developed and tested for human use and marine environment (skin acute toxicity, ecotoxicity, etc.); a further development plan of the product was defined (laboratory testing, pre-clinical and clinical trial test, etc.)
• Production technology of active ingredient and final product are selected
• Industrial scale-up is evaluated (make or licence strategy)
• Worldwide target market, enclosing existing competitors, and an initial marketing plan is defined; IPR plan is defined and first actions are started.
• Regulatory compliance on different selected markets existing IP constraints were verified and a certification plan is defined
• A comprehensive business plan is developed, including evaluation of expected revenues and estimation of production, marketing, IPR, communication and commercialization costs.