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KIT

Kidney Injury Technology

Total Cost €

EC-Contrib. €

Partnership

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Outcomes and
results

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.

health capacity smes incident 69 thorough economic aki huge people handling acquire m company diagnostic revolutionary 650 sales market gold sought critical 7 incidence yearly grows competitors diagnostics expenditure standard billion penetration disease poses 128 rate income 2017 ivd license validation yield kit international 10 sme reduce regulated reference posing population instrument started consolidation upfront technological 2018 laid prognosis patented bio renal samples unitary vitro initially transfer thereafter elisa gt annual clinical dismally channels 1 patient acute envisioned sale worldwide 5 manufacturing biomarker commercialization companies deadly global marker 2023 elevated human tests clinically maturity royalties inren price 35 transferability prototype

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 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.	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.