Periodic Reporting for period 3 - Pregnolia (A Diagnostic Medical Device Determining the Risk of Preterm Birth)
Reporting period: 2022-01-01 to 2022-06-30
Pregnolia is developing a unique diagnostic device to determine the risk of PTB based on the measurements of cervical tissue stiffness. The device is composed of a reusable control unit with a disposable single-use probe. The major benefits of the device are that it allows a quantitative, objective and accurate measurement of the cervical stiffness; it is easy to integrate into routine pregnancy consultation; its application is simple, painless and fast; and it will enable a faster preventive intervention with increased sensitivity to detect PTB risk.
The goal of this phase 2 project is to develop Pregnolia’s new probe, generation 1, ensuring a reliable, scalable, high-quality device, with significantly manufacturing cost reduction in comparison with the current generation 0, and to prepare its successful market launch. The generation 1 device will allow us to fulfil the clinical and commercial goals by delivering an innovative and cost-effective diagnostic device for addressing the unmet need of PTB, while sustaining a viable commercial model. The technical activities are focused on the development and validation of generation 1 probe, based on the design specifications defined in our feasibility study. The commercial activities focus on disseminating and promoting Pregnolia; on preparing documentation and establishing necessary contacts for reimbursement and certifications; and on building a strong distributor network (when deemed necessary).
WP2 (Technical validation) is ongoing. The generation 1 probes from the production runs are undergoing all the verification and validation activities, in particular sterilization validation, technical functional validation, transport validation, stability validation and packaging validation.
Concerning WP3, we have performed activities related to the upstream supply chain and having identified potential suppliers for process development and industrialization, assessed, and selected the final manufacturer. Furthermore, during the second reporting period, we have analyzed our sales and distributor networks, we have started a collaboration with a distributor in Switzerland and enlarged our internal sales team. We have identified focus regions in Germany for our pilot launch and started several activities in the identified regions.
As per WP4, we have successfully established reimbursement path with two major health insurance companies in Switzerland, and started an “Ambassador” program in Switzerland involving current customers. Furthermore, we have started new collaborations for clinical studies with several KOLs in Europe. The cost and price structure of our devices have been revised and we have identified three possible price structure. Moreover, we are constantly ensuring certifications and regulatory compliance. In addition, we have also analyzed the possible path to obtain FDA approval with the aid of several FDA consultants
Regarding WP5, we have designed and produced new flyers, created a direct mailing to 1000 doctors, we have re-designed rollups for congresses and events, we have conducted an in vitro study to demonstrate the superiority of the Pregnolia device compared to digital palpation and we have created a video abstract to disseminate the results of the study, we have created a testimonial video with our first customer and our image video, we have improved our webpage and created a specific section for the project. We have attended congresses in person and with a booth, in those cases, we have also demonstrated the device to participants.
Pregnolia will not also make an essential contribution to healthcare in the EU for the benefit of European citizens, it will also contribute to the European medical devices industry, which is currently providing €110 billion in sales and 675,000 jobs in Europe. The EU is a net exporter in this sector.
During the first year of the project, and during the COVID-19 pandemic, we have successfully closed our series A financial round, and we have raised more than 4 million CHF.
Furthermore, during the second reporting period, we have started several collaborations with investigators interested in conducting clinical investigations with our device. This shows the interest in the device and the promise of this biomarker, as a risk signal derived from a fundamentally different mechanistic behavior, increasing its potential for diagnostic complementarity in a complex problem as preterm birth diagnostic. Furthermore, some of them have shown interest not only in the application of the device to identify women at risk of preterm birth, but also in its application to identify women who will benefit from induction of labor, opening up the possibility of using the Pregnolia System for another very important clinical application where the standard of care is poor.
Until the end of the project, we expect to have our generation 1 probe ready for certification under MDR. Moreover, with the completion of the recruitment for the SoftCervix trial, the clinical data will most likely be available in summer Q3 2022. The data will be pivotal in the adoption of the generation 1 device as they will give clear guidance on how to clinically interpret the device results.
Pregnolia continues to be the sole company developing an aspiration-based device to determine the risk of premature birth. The state of the art continues to present ultrasound-based and imaging-based solutions, however, these are up to now mostly non-commercial techniques.