Task 1.1 Market Potential - Using the comparable pricing gold standard competitors, this market is estimated to be worth €81m by 2023 and €114m by 2030. While not a significant market opportunity in itself, it is important to, in some way, quantify demand from the early-stage, preclinical market. As tools and processes used at these earliest stages are ‘locked in’ to IND applications, it is vital that researchers be given access to the ImmunoGrow technology. GE estimates that there are 375 active T-Cell therapy programs with the figure rising every year. Providing for the fact that the consumable provided to this segment is on a much smaller scale, this market is estimated to be worth €34m by 2023 and €48m by 2030.
Task 1.2 Regulatory Strategy - ImmunoGrow will be designed in compliance with ISO 13485 standards and manufactured under GMP conditions using GMP-compliant materials. However, as ImmunoGrow is not strictly considered a medical device, it will be certified to ISO 9001 standards.
Task 1.3 Intellectual Property (IP) Management - As it was possible that IP could be generated as part of the technical work undertaken during the project, it was decided that a full Freedom to Operate analysis would be conducted at the end of the project. Should the work be successful and contain protectable IP, it could be incorporated into this work. However, it also avoided unnecessary expenditure in the event of an unsuccessful outcome.
Task 1.4 Go-to-Market Strategy - An extensive review of the stakeholders involved in the CAR-T area was conducted and GMT developed a Go-To-Market strategy that promoted its use in academic centres with the aim of incorporating the devices use at the pre-IND stage.
Task 1.5 Validation of Product Performance - See below in next section.
Task 1.6 Business Plan - Incorporating aspects of manufacturing, operations and staffing and product development, in addition to the information gained during the work above, GMT developed a business plan prior to the outcome of the technical work in anticipation of a successful outcome.