There are more companies standing in the field than Ahead Therapeutics and, in some cases, they are at a higher developmental stage. Nevertheless, Ahead Therapeutics’ technology platform has some advantages comparing to them: the technology acts through the mimicking of a physiological process, no potential side effects are expected and easy and cost-effective synthesis.
During the project development, the expected results are: GMP like final dosage form batch production; finish preclinical regulatory toxicology assays; obtain IMPD/IND/IB dossiers approval; and successfully complete Phase Ib/IIa clinical trials.
Total diabetes care expenditure will be $802 billion by 2040, comprised of the wellness (11.2%), diagnosis (3.3%), monitoring (13.4%), and therapy (72.2%) segments. The last one, therapy market is where the solution is addressed. It is a rising market due to a rising prevalence of diabetes and its chronic nature, along with rising awareness, as well as increasing demand for innovation. In the world there are expected more than 2 Million of diabetics with diabetes type I by 2026 while in Europe, there are expected more than 1 M by 2026.
LIPOBITS is a solid high-potential innovation project expected to support Ahead’s global dimension and to generate several high qualified jobs and total incomes of 10,5 M€ by 2023, and > 300 M € considering the whole life cycle of the asset.