Chronic Pain is one of the most common conditions for which people seek medical attention: around 20% of adult Europeans and 27% of the US are affected with moderate to severe intensity by such syndrome. Chronic pain has serious impacts on their quality of life, including impaired physical and social functioning and reduced vitality, while being also very costly, estimated to be as much as €300 billion/year in EU only!
Spinal Cord Stimulation (SCS) is a chronic pain relief technique that delivers low-voltage electrical current pulses to the spinal cord to block the sensation of pain. It is the most commonly used implantable neuromodulation technology for the management of pain syndromes. However, this method is hindered by the available leads, which are bulky, stiff, with poor stretching and bending properties, affecting performance, precise positioning and allowing the migration of the electrode over time – thus requiring additional surgery intervention for repositioning.
The Percutaneous SCS Paddle Lead (PercPad) proposed by WISE is a “Breakthrough Product” with the potential to revolutionize the neuromodulation scenario. PercPad is a foldable paddle requiring the same implanting technique of percutaneous leads but with the properties of surgical paddles. It addresses a key market need within the segment of the growing neuromodulation market (to reach €1.95 Billion by 2021) and may be potentially applied in the future to other sectors where implantable medical devices with electrodes are employed, e.g. the cardiostimulation sector.
The goal of the current Phase 1 is to conclude the feasibility assessment of the PercPad in order to validate from a technical, regulatory and commercial perspective its ability to reach the market. This activity will supplement €2.1M worth of work already invested in the project. Within a 5-year period after the launch, WISE expects to generate a cumulative revenue over €37M respectively.
Field of science
- /medical and health sciences/clinical medicine/surgery
- /social sciences/economics and business/business and management/commerce
Call for proposal
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