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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.

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

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.