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A Unique Herbal Product for the Symptomatic Treatment of Over Active Bladder

Objective

Overactive bladder (OAB) is an emerging condition that significantly impacts the quality of life and daily routine of millions of people. It is characterized by urinary urgency, increased urinary frequency and nocturia. OAB is extremely frequent, affecting more than 500 million people worldwide and its prevalence is expected to increase by 9,2% by 2018. Despite being a widely spread affection, currently there is no effective treatment in the market, and the ones available are associated to adverse reactions and drug-to-drug interactions, leading to up to 88,6% of dropout cases.
As a consequence, the market trend is shifting from prescription drugs to products from natural origin. In the recent years, there has been a strong increase in the market for herbal medicinal products in Europe which is looking forward to bio-based solutions.
These facts open up a clear opportunity for alternative solutions like the ones developed by SagaMedica, an Icelandic company with 17 years of experience in the field of natural product manufacturing. At SagaMedica we have developed SagaPro+, the first new natural product for improving OAB symptoms in decades. It is made from an extract of the leaves of Angelica archangelica, whose activity on the bladder was discovered by SagaMedica’s research team. We have developed a harvesting, extraction and manufacturing process system that has been kept sustainable and eco-friendly. SagaPro+ provides several advantages compared to current alternatives: 1) Highly effective product, as it has been reported by clinical trials; 2) It has no adverse effects nor drug-to-drug interactions; and 3) It is based in a natural product from a sustainable production and harvesting system, contributing to Europe´s bio-based economy. All these reasons brought high interest of various companies, with cooperation discussions already progressing with three strong players. Several Support Letters prove this market demand.

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Programme(s)

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Topic(s)

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Funding Scheme

Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.

SME-1 - SME instrument phase 1

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Call for proposal

Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.

(opens in new window) H2020-SMEInst-2016-2017

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Coordinator

SAGAMEDICA - HEILSUJURTIR EHF
Net EU contribution

Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.

€ 50 000,00
Address
KROKHALSI 5D
110 REYKJAVIK
Iceland

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SME

The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.

Yes
Region
Ísland Ísland Höfuðborgarsvæði
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
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Total cost

The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.

€ 71 429,00
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