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