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ColoFast SIGNED

Developing a Non-Invasive Kit for Early Colorectal Cancer Detection

Total Cost €

EC-Contrib. €

Partnership

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Outcomes and
results

ColoFast project word cloud

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

colofast 189m services patient unmet showed commercialize detection look benefit savings 2021 agrees 2m medical huge opportunity clinical business japan health approved strategies clear population programs national profit diagnosis care amadix earlier community 41 survival routine patients hospitals acceptance turnover kit colorectal screening healthcare quality 2020 people majority mortality expanding multiplying crc rate specificity easily employees global worldwide blood 616m give fulfill cohorts size 2024 generation market assisting team deaths edge validate priorities colofasttm life treatment decreasing reducing sensitivity reduce invasive avings 18 cancer 25 company improvements commercialization regulatory prospective prevented biomarkers profitable diagnosed sme

Project "ColoFast" data sheet

The following table provides information about the project.

Coordinator	ADVANCED MARKER DISCOVERY SL Organization address address: CALLE ACERA DE RECOLETOS 2 1 B city: VALLADOLID postcode: 47004 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.amadix.com/colofast/
Total cost	2˙817˙154 €
EC max contribution	2˙817˙154 € (100%)
Programme	1. H2020-EU.3.1.3. (Treating and managing disease)
Code Call	H2020-SMEINST-2-2016-2017
Funding Scheme	SME-2
Starting year	2017
Duration (year-month-day)	from 2017-07-01 to 2021-06-30

Partnership

Take a look of project's partnership.

#	participants	country	role	EC contrib. [€]
1	ADVANCED MARKER DISCOVERY SL ADVANCED MARKER DISCOVERY SL Organization address address: CALLE ACERA DE RECOLETOS 2 1 B city: VALLADOLID postcode: 47004 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 (VALLADOLID)	coordinator	2˙817˙154.00

Map

Project objective

Colorectal cancer (CRC) represents one of the most important health problems worldwide. Decreasing the mortality rate by CRC in Europe is a clear unmet need today. Medical community agrees that this number of CRC related deaths could be prevented by adequate screening programs for early detection. European authorities look for new strategies to address the clinical need for early diagnosis of CRC that will reduce patient care associated costs. Potential savings would be achieved if CRC patients were diagnosed earlier. The objective of this proposal is to validate and commercialize a novel, non-invasive, simple to use kit (ColoFastTM), regulatory approved for the diagnosis of CRC in blood. It is based on a new generation of leading-edge biomarkers that showed very high sensitivity and specificity for early detection of CRC in two prospective cohorts. The commercialization of the kit will have clear impact in improving survival of patients and reducing mortality by CRC cancer, with significant costsavings for National Health Services. It will be easily implemented in the clinical routine of the majority of European hospitals, with better acceptance of patients. ColoFast represents a significant business opportunity, addressing a clear unmet medical need in a large and expanding target population of 189M people in Europe in 2020, growing at 25%, with a significant global market of €1,616M in Europe, the US and Japan this year. It will have a huge impact on the growth of a SME as Amadix over the next 10 years, multiplying the team size by five in five years (41 employees in 2020). 2M European people will benefit from the test in 2024. Amadix turnover in 2021 will be €18 m, which will give our company a profit of €7 m in 2021. From this year on the company will be profitable. Overall, ColoFast will reduce mortality rate and treatment cost while improving quality of life in a cost-effective way, assisting also to fulfill European priorities for healthcare improvements.

Deliverables

List of deliverables.
Research data management plan	Documents, reports	2020-01-27 14:54:22
1st Dissemination and Communication Plan:	Documents, reports	2020-01-27 14:54:22

Take a look to the deliverables list in detail: detailed list of ColoFast deliverables.

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

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