Several tasks were successfully performed: In sum, legal and economic viability has been proven via analyzing the legal framework and developing a detailed business plan including in-depth market research, finance planning, and risk assessment.
Technical viability of BioAhead model
The technical viability of the innovative solution for providing amino acid chain analytics has been tested in several pretests and pilot studies. Here, the focus was on general amino acid chain analyses and a special case in the drug development process, the docking analysis.
We designed the analyzing process in direct connection with the workflow process of the pilot partners. Thereby, we tested on the one hand the quality of the algorithm and on the other hand the integrability in the process of our future customers.
Both test series confirm the technical viability of BioAhead.
The results have been disseminated through our network with a press release to specific target groups. Additionally, we presented the results to highly relevant target groups at several workshops (e.g. Medical Valley Erlangen)
Legal viability of BioAhead model
Analysis of regulatory frameworks: We conducted an in-depth analysis of the European regulatory framework and the US regulatory framework for the development and dissemination of medical drugs and/or devices (DADs).
Intellectual Property Strategy: BioAhead mapped out possible strategies to protect the intellectual property of our invention. As a result, we decided to protect our invention as a trade secret.
Intellectual Property Management Plan: To protect BioAhead as a trade secret but also to collaborate with institutions, (pilot-) partners and other important stakeholders, we mapped out an intellectual property management plan.
Freedom to operate analyses: An intensive Freedom to Operate analysis has shown that BioAhead does not violate any potential third-party property rights.
Economical viability of BioAhead model
A detailed business plan including in-depth market research, finance planning, and risk assessment has been developed.