The activities performed to meet the specific project objectives 1-9 are given below along with key results achieved to date.
Objective 1 - Hires: Successfully expanded the team from 3 to 16 employees (8 PhDs), including key positions such as CEO, Director of product development, and various engineers and scientists.
Objective 2 – Analyser Development: Developed an advanced analyser system with improved precision, flexibility, and efficiency through a comprehensive prototype build and iterative enhancements based on user feedback and engagement with hospitals.
Objective 3 – Software Development – Automated Diagnostic Result: Successfully developed, trained, and optimized diagnostic software with AI-driven automation, resulting in a laboratory-validated diagnostic algorithm.
Objective 4 - Impedance Reader Development: Designed and validated a bespoke impedance reader with regulatory compliance, multiplexing capabilities, and a user-friendly interface, achieving a functioning SepTec cartridge-compatible impedance reader.
Objective 5 - Blood Loading Tool Development: Developed a blood loader with informed design, automated functionalities, and successful usability and functionality testing with clinicians and healthcare workers.
Objective 6 – Cartridge Design and Process Optimization: Optimized cartridge design and manufacturing processes, reducing layers for precision and scalability, and achieving scalable antibody coating processes for the SepTec sensor.
Objective 7 – Regulatory Pathway: Completed EU and US FDA regulatory assessments, IVD classification, and submitted a Breakthrough Device Designation application to the FDA, paving the way for regulatory compliance.
Objective 8 – Quality Management System (QMS): Implemented a compliant QMS, including ISO 13485, ISO 9001, and FDA 21 CFR 820, and completed Phase 0 of QMS implementation.
Objective 9 - Go-to-market strategy: Formulated a comprehensive go-to-market strategy, including impactful health economics studies, collaborative business plans, innovative pricing models, and positioning SepTec for sales and growth opportunities.