To assess the commercial viability of AI-MICADIS, Artificial Intelligence Expert performed an in-depth market analysis to understand its drivers and the main players, researched the needs and demands of researchers and clinicians regarding a miRNA-based diagnostic and screening test though interviews and surveys, and identified the main barriers for commercialization.
Furthermore, the advisory board was extended to include advisors with extensive business acumen, the platform training was further improved and indications to its potential use added, an initial Freedom-to-Operate analysis was performed and an initial regulatory roadmap was drafted.
The study showed that the commercialization of AI-MICADIS is feasible. The barriers that were identified can be overcome with the right mitigation strategies. To maximize implementation of the technology, AIE will focus to commercialize the platform for one indication first, quickly followed up with a second indication. A partnership with a diagnostic test developing company or pharmaceutical company is envisioned to optimize the exploitation and dissemination of the technology. The first potential partners have been contacted and discussion regarding collaborations are currently ongoing.