A simple to use, accurate and cost-effective blood test for large-scale colon cancer screening

Informazioni relative al progetto

ColonScan

ID dell’accordo di sovvenzione: 815686

DOI

10.3030/815686

Progetto chiuso

Data della firma CE 4 Maggio 2018

Data di avvio 1 Maggio 2018

Data di completamento 30 Settembre 2018

Finanziato da

• INDUSTRIAL LEADERSHIP - Innovation In SMEs

Costo totale

€ 71 429,00

Contributo UE

€ 50 000,00

Coordinato da

UNIVERSAL DIAGNOSTICS SOCIEDAD ANONIMA
Spain

Periodic Reporting for period 1 - ColonScan (A simple to use, accurate and cost-effective blood test for large-scale colon cancer screening)

Periodo di rendicontazione: 2018-05-01 al 2018-09-30

Sintesi del contesto e degli obiettivi generali del progetto

Universal Diagnostics (UDX) is a biomedicine start-up founded in 2012 focused on early detection of cancer using leading edge technologies.
We have developed and patented a biomarker panel and methodology for colorectal cancer (CRC) screening that allows very cost-effective and accurate detection of markers in blood. The final goal of ColonScan (CS) project is to complete all the activities required for the European commercialization of the UDX´ test and to become the reference non-invasive test for CRC screening.
ColonScan PHASE 1 OBJECTIVES: ColonScan project is the key pillar to boost our company´s growth over the next years, so this phase 1 has been planned to validate the market hypothesis and the business opportunity (COMMERCIAL FEASIBILITY STUDY) together with the definition of all activities required, technical, commercial and financial (TECHNICAL and FINANCIAL FEASIBILITY) for the successful commercialization of CS as a large-scale CRC screening method.

Lavoro eseguito dall’inizio del progetto fino alla fine del periodo coperto dalla relazione e principali risultati finora ottenuti

COMMERCIAL FEASIBILITY STUDY: A detailed market analysis (value, forecast, segments, drivers, etc.) performed during FA allowed us validating our market hypothesis and the market opportunity for our technology. We also defined the best go-to-market plan considering the features of our target markets, potential clients and stakeholders.
TECHNICAL FEASIBILITY STUDY: We have defined a clear and robust technological roadmap for the CS project. Moreover, during the phase 1 we engaged all essential partners (KOLs, hospitals and other stakeholders) to continue with the phase 2 project and now the overall strategy is perfectly defined.
FINANCIAL FEASIBILITY STUDY: Feasibility study has also allowed us to analyse the funding requirements to bring CS test to the market and elaborate the financial projections. We also explored different funding sources (public funding, bank loans, private equity, etc.) to achieve these goals.

Progressi oltre lo stato dell’arte e potenziale impatto previsto (incluso l’impatto socioeconomico e le implicazioni sociali più ampie del progetto fino ad ora)

ColonScan unique features, allow it to be adopted as a mass CRC screening method for average risk population what will reduce the CRC incidence and mortality rates, the huge associated costs for healthcare systems (colonoscopies, surgeries, treatment of cancer patients etc.) and its impact on patient’s quality of life. CS represents a huge business opportunity and the chance to become a leading cancer diagnostic company.

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