The Project and accomplished Feasibility study was aimed to ascertain framework for the registration process for medicine RIGVIR® in European Medicine Agency (further in text EMA) and development of Briefing document that fulfils EMA requirements. The special approach was needed as the medicine is already in use (registered in three countries) but existing bases of documents and proof of clinical trials are not sufficient for existing requirements.
The main target for the Company is to register Rigvir® and commercialize within the European Union.
The society would benefit on following aspects:
Financial: In case Rigvir® would have EMA registration, it would be a welcome addition to the available treatments that would not only help patients to survive and increase their quality of life, but also it would bring a significant financial relief for government budgets, since the melanoma treatment is widely compensated by the government. In case of only 15% market share (currently 75% of market share in Latvia) would generate savings of EUR 1 billion. Melanoma patients, insurance companies, and government could expect a reduction in expenses of 13% if Rigvir® enters the market.
Survival and quality of life: According to approved guidelines the existing treatment possibilities (interferon, anti-PD1, anti-CLTA4, BRAF/MEK) are therapies with significant side effects – pain, fatigue, diarrhea, nausea and vomiting and other. These side effects significantly influence the patients feeling and quality of life. The Rigvir is unique as it has proven its clinical efficacy and does not cause significant side effects. The patients’ life prolongs and quality of life does not deteriorate.
The overall objectives that were described and researched during the Study was following:
• Develop cooperation with Contact Research Organizations (further in text CRO). The main tasks were: prepare a list pf potentional CRO partners, to start negations and sign confidential disclosure agreement (further in text CDA); to agree on clinical trial protocols and receive initial quotes.
• Development of briefing document. The Study included tasks to find out the EMA requirements, cooperate with experienced outsourced consultants in order to develop the briefing document.
All tasks were successfully accomplished and Briefing document was submitted in EMA for scientific advice.