Periodic Reporting for period 1 - OvaRenew (OvaRenew as a first-line therapy in impaired egg quality treatment)
Reporting period: 2016-12-01 to 2017-05-31
Market analysis confirms the huge potential of the ovarian infertility market of 27,1 billion € and our adressable market pharma triade region being 21,6 billion €, representing 80 % of global fertility market. Analysis of competitive solutions have shown that OvaRenew adresses all the needs and problems of the market in most effective and economical way and is therefore perfect candidate as a first-line approach in egg insufficiency. This is why we plan to capture 10 % of all ovarian insufficient woman in target markets. Our target is 640 mio €.
Estimated funds needed for a successful product launch are 1 mio €. It will be used mainly for manufacturing licence, clinical testing phase II/III, regulatory clearance, stability study, brand development and first market introduction. First sales is expected in 24 months after starting Phase 2 of the project. Break-even point will be reached near the end of the second year of commercialisation, presumably in 2021 with revenue planned to be 2,4 mio €. In 2023, ROI is planned to exceed 10, which will allow exit strategy for potentual investors as well as investment in the development of new products from the pipeline to ensure further growth.