To ensure the CITRUS technical feasibility, during the technical feasibility we have detailed our requirements and development plan for the different components of the CITRUS system: SOP development and system design for remote monitoring, e-source systems integration, 3rd party document authentication, Interface to common medical devices, Integration of QR/barcode scanner, Interface to scanner, multi-language support, Improvement of UI and functionality of multi-site management. We have reviewed data protection laws and proposed a solution for data anonymization. We have also defined a technical plan extended over 24 months and organized into 6 work packages and estimated the needs resources to develop the technical activities.
To ensure the CITRUS commercial feasibility, during the technical feasibility have identified the potential market for CITRUS, target customers, and competitors. We have designed our marketing strategy and identified 3rd party suppliers for document authentication and mHealth devices. The pricing strategy has been defined. CRU has built a dissemination and communication plan to raise the awareness amongst every potential customer, which includes the organization of workshops, attending tradeshows and an increased presence in specialized media. According to our preliminary IP assessment, we have freedom to operate and we have no plans to patent our CITRUS software solution.
To ensure the CITRUS financial feasibility, during the technical feasibility have analyzed and forecasted our overall costs related to the production, the commercialization of CITRUS, and built a 5-year financial forecast.