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VETEX SIGNED

Deep Vein Thrombosis; A Paradigm Change in Treatment through Drug-Free Clot Removal

Total Cost €

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EC-Contrib. €

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Partnership

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 VETEX project word cloud

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

expensive    hospital    thrombolytic    therapy    ulceration    approvals    team    volumes    trend    stage    busting    trial    clot    economics    rate    anticoagulation    thrombosis    opportunity    freeflow    device    treatment    24    clinical    vein    stroke    form    15    disease    healthcare    2021    patients    plan    entry    medical    icu    completion    drugs    stays    radically    market    50    bleeding    steadily    causing    helps    coming    dvt    recurrence    remove    post    600m    pulmonary    involve    left    ireland    chronic    upper    risk    skills    usually    veins    platform    thrombotic    amputation    risks    heavier    heart    providers    larger    alone    away    cardiovascular    syndrome    rates    attack    72    commercialise    30    extremely    inefficiencies    last    poor    witness    2m    securing    duty    extension    hours    segment    breaking    3rd    occulsive    clots    complications    therapies    mortality    prevent    removes    deep    regulatory    untreated    swelling    embolism    expedited    interventions    strategy    diagnosed    limb    vetex   

Project "VETEX" data sheet

The following table provides information about the project.

Coordinator
VETEX MEDICAL LIMITED 

Organization address
address: 218 BUSINESS INNOVATION CENTRE, NUIG
city: GALWAY
postcode: H91 FC85
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 Ireland [IE]
 Total cost 3˙550˙920 €
 EC max contribution 2˙485˙644 € (70%)
 Programme 1. H2020-EU.3. (PRIORITY 'Societal challenges)
2. H2020-EU.2.3. (INDUSTRIAL LEADERSHIP - Innovation In SMEs)
3. H2020-EU.2.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies)
 Code Call H2020-SMEInst-2018-2020-2
 Funding Scheme SME-2
 Starting year 2019
 Duration (year-month-day) from 2019-05-01   to  2021-04-30

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    VETEX MEDICAL LIMITED IE (GALWAY) coordinator 2˙485˙644.00

Map

 Project objective

Deep Vein Thrombosis is the 3rd leading cardiovascular disease behind heart attack and stroke with 1.2M cases diagnosed each year in the EU and US.

Left untreated, one third of DVT patients will be at risk of clot breaking away causing a Pulmonary Embolism which has a 50% mortality rate. In addition, significant chronic complications often occur such as clot recurrence (30%), chronic limb swelling associated with Post Thrombotic Syndrome (50%), ulceration and amputation.

DVT patients are usually treated with drugs. Anticoagulation therapy alone helps prevent clot extension but it does not remove the clot. Other therapies often involve long hospital stays and often require 24-72 hours in ICU due to the significant bleeding risks associated with heavier duty clot busting (Thrombolytic) drugs. The results are poor for patients with large occulsive clots and who are at risk of bleeding, and extremely expensive for healthcare providers.

Vetex Medical is an early stage medical device based in Ireland that has developed a platform technology that rapidly removes high volumes of clot form the deep veins without the use of thrombolytic drugs, and so will radically challenge the inefficiencies and economics present in the current management of deep vein thrombosis.

Deep Vein Thrombosis in the larger veins of the upper limb represents $600m market opportunity. Interventions in the treatment of DVT have been increasing steadily over the last number of years with growth rates of 15%. This market segment is increasingly ‘on trend’ and set to witness expedited growth over the coming years.

Vetex Medical is ambitious in its’ plan to bring the FreeFlow technology to market in both Europe and the US in 2021, through completion of a Clinical Trial and through securing regulatory approvals to allow market entry. The Vetex Medical Team has the skills and experience to develop and commercialise this novel medical technology and to implement a high growth strategy.

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

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