Periodic Reporting for period 1 - HepatoPredict (A decision tool for Liver Transplantation based on molecular signature)
Período documentado: 2018-08-01 hasta 2018-11-30
From August 1st until November 30th, 2018, Ophiomics carried out an extensive feasibility study for their innovative decision tool for Liver Transplantation based on molecular signature. The objective was to address the feasibility of technical activities to ensure HepatoPredict validation on international clinical centres and enforce commercialization and exploitation strategy of the project by means of a FTO Analysis, a detail business plan and a financial feasibility assessment.
We developed a technical feasibility to analyse the technical requirements to optimize HepatoPredict algorithms, as well as lab procedures. We also performed a detailed list of clinics centres for the validation studies and the procedures to carry them out. We also defined the industrialization plan and updated the Workpackages required to reach the innovation to the market. We currently have a patent pending and we have developed an IPR strategy to obtain a distinctive brand for our product. We carried out a patent search analysis and we concluded that Ophiomics has not infringed on any established IP. Based on these results we decided to expand our protection with a European Unitary Patent.
We developed a business feasibility assessment involved contacting key stakeholders, end-users, and potential partners. In-depth interviews were carried out with all of these parties. This built up a picture of the customer pains, and the market where Ophiomics would enter. At first glance, it is clear that the Liver cancer diagnostic market and the transplantation market are expanding, and the dependent users are critically unsupported by the current solutions.
Finally, we carried out a financial assessment in which we performed an in-depth cost/benefit analysis and we evaluated the total investment requirements to bring HepatoPredict to the market.
For all that reasons, we conclude that the HepatoPredict project is feasible and go therefore ahead with a Phase 2 preparation
We developed a business feasibility assessment involved contacting key stakeholders, end-users, and potential partners. In-depth interviews were carried out with all of these parties. This built up a picture of the customer pains, and the market where Ophiomics would enter. At first glance, it is clear that the Liver cancer diagnostic market and the transplantation market are expanding, and the dependent users are critically unsupported by the current solutions.
Finally, we carried out a financial assessment in which we performed an in-depth cost/benefit analysis and we evaluated the total investment requirements to bring HepatoPredict to the market.
For all that reasons, we conclude that the HepatoPredict project is feasible and go therefore ahead with a Phase 2 preparation
Phase1 Feasibility Study gave to our company the opportunity to expand the scope of our development, having a better understanding of client´s and competitor´s needs. Also, we have acquired a better idea of our technical requirements and our IPR management. Now we have a more strategic approach to our commercial and dissemination activities, as well as a better relationship with KOLs and international business support organisations that will increase the reputation and visibility of our company.