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PCMPS

Precision Cancer Medicine Pipeline and Services

Total Cost €

EC-Contrib. €

Partnership

Views

Outcomes and
results

PCMPS project word cloud

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

payers forcing solutions positions 17 strain longer services medicine suite western benefits prescribing validate precision expand cancer business million 2010 clinical billion start patient put accomplishment commercialization pcmps opportunity receive 126 world enter is pursue efficacious aging toll worldwide treatment time spent sequencing intolerable life outcomes ineffective pipeline nevertheless population harsh tools pmcps staggering despite money providers governments patients 25 treating waste hit 2009 doctors suffer annual beneficiary turnover 30 pubgene treatments biggest therapy drivers head generation 124 markets streamline personalized health market complete expectancy miss give beneficiaries

Project "PCMPS" data sheet

The following table provides information about the project.

Coordinator	PUBGENE AS Organization address address: SOGNSVEIEN 70A city: OSLO postcode: 855 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	Norway [NO]
Project website	http://www.pubgene.com
Total cost	71˙429 €
EC max contribution	50˙000 € (70%)
Programme	1. H2020-EU.2.1.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Information and Communication Technologies (ICT)) 2. H2020-EU.2.3.1. (Mainstreaming SME support, especially through a dedicated instrument)
Code Call	H2020-SMEINST-1-2014
Funding Scheme	SME-1
Starting year	2015
Duration (year-month-day)	from 2015-05-01 to 2015-10-31

Partnership

Take a look of project's partnership.

#	participants	country	role	EC contrib. [€]
1	PUBGENE AS PUBGENE AS Organization address address: SOGNSVEIEN 70A city: OSLO postcode: 855 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.	NO (OSLO)	coordinator	50˙000.00

Map

Project objective

'Cancer cost the EU €126 billion in 2009, while in 2010 the US spent a staggering $124.6 billion on treating cancer. This cost is set to rise as the effects of an aging population and increasing life expectancy take their toll. These market drivers will put an intolerable strain on health services across the western world, forcing governments to streamline their health services. Current cancer treatment is based on the 'average cancer patient', meaning some cancer patients may not respond to the treatment while others do. Thus it is clearly is a need for solutions that offer precision cancer medicine.

PubGene AS aims to pursue a major market opportunity by developing a complete pipeline for precision cancer medicine (PCMPS), that include the necessary steps from Next Generation Sequencing to clinical treatment support for cancer patients. The biggest beneficiary of PCMPS will be the patient, who will receive a personalized treatment rather than a “hit and miss” approach to therapy. This will improve patient outcomes and ensure patients no longer have to suffer harsh side effects from non-efficacious treatments. The second beneficiaries will be the health providers and payers, as doctors will no longer waste time and money prescribing ineffective treatments. Nevertheless, despite the benefits of personalized cancer medicine, it is crucial to validate and demonstrate the benefits of this type of cancer medicine before large-scale commercialization.

PMCPS is an opportunity for PubGene to expand our suite of applications and enter into complete new market for PubGene - targeting the treatment market. The project will give us a head start in providing tools in the field of personalized cancer medicine, ensuring us strong positions in the future European and worldwide markets. Accomplishment of the project will represent a significant business opportunity with an expected annual turnover of €17 million with a 25-30% annual increase, 3 years after commercialization. '

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