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KIT

Kidney Injury Technology

Total Cost €

0

EC-Contrib. €

0

Partnership

0

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 KIT project word cloud

Explore the words cloud of the KIT project. It provides you a very rough idea of what is the project "KIT" about.

sales    commercialization    international    annual    2023       revolutionary    instrument    gold    penetration    incidence    inren    deadly    consolidation    rate    yearly    manufacturing    acute    technological    incident    diagnostics    worldwide    license    patented    upfront       reduce    economic    income    disease    diagnostic    clinical    capacity    acquire    patient    royalties    market    started    thorough    company    vitro    global    regulated    sought    kit    128    10    human    companies    poses    tests    huge    price    gt    people    posing    dismally    competitors       critical    channels    grows    standard    650    2018    transfer    2017    aki    reference    prognosis    bio    handling    validation    elevated    sale    samples    unitary    yield    clinically    initially    health    prototype    maturity    marker    billion    envisioned    smes    laid    expenditure    thereafter    renal       sme    35    elisa    ivd    population    transferability    biomarker    69   

Project "KIT" data sheet

The following table provides information about the project.

Coordinator
BIO-INREN SL 

Organization address
address: NORBERTO CUESTA DUTARI 39 4 D
city: SALAMANCA
postcode: 37007
website: n.a.

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 Coordinator Country Spain [ES]
 Project website http://www.bio-inren.es
 Total cost 71˙429 €
 EC max contribution 50˙000 € (70%)
 Programme 1. H2020-EU.3.1.3. (Treating and managing disease)
 Code Call H2020-SMEINST-1-2014
 Funding Scheme SME-1
 Starting year 2014
 Duration (year-month-day) from 2014-11-01   to  2015-04-30

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    BIO-INREN SL ES (SALAMANCA) coordinator 50˙000.00

Map

 Project objective

Bio-inRen has developed and patented a revolutionary biomarker-based diagnostic system for a highly and increasingly incident (>10% yearly) and dismally deadly disease (Acute Renal Failure -AKI) posing a huge global health and economic problem worldwide. Bio-inRen’s diagnostic system is envisioned to 1) change the concept and approach to AKI clinical handling, 2) become a reference diagnostic, 3) reduce AKI incidence (by 2.5-5% initially) and improve patient prognosis, and 4) reduce the elevated cost associated to AKI (1% of their global health expenditure, which will be reduced initially in 650 M € in this 1.35 billion people population). An ELISA-based, clinically useful prototype kit has been developed for measurement of human samples. Clinical validation has started, although Bio-inRen’s system needs thorough clinical validation to acquire technological maturity and transferability, for which Phase I and II SME instrument are necessary, on which all the company’s resources will be laid. As a new concept, Bio-inRen’s technology has no competitors in the market or under development. The In Vitro Diagnostic Market grows at a 7% annual rate and will reach $69.1 billion by 2017. AKI-specific market is estimated at 3.5 M cases and 70 M diagnostic tests of the existing gold standard marker. Because Diagnostics is a global and regulated market, Bio-inRen will license the system to large companies and SMEs in the IVD market with manufacturing capacity and international commercialization channels. Technology transfer is expected by 2018 to yield 1 M € upfront and 5% royalties on sales thereafter. 5% market penetration is sought by 2023. As of today, 5% of 70 M tests poses 3.5 M tests as Bio-inRen’s market (6.4 M tests by 2023 at 7% annual growth rate). At a unitary sale price of 20 €/test, this means 128 M €. 5% royalties will produce a yearly income of 6.4 M € to Bio-inRen, which are critical for the consolidation and growth of the company.

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The information about "KIT" are provided by the European Opendata Portal: CORDIS opendata.

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