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BioTrace SIGNED

World's First Real-Time Monitoring System for Ablation Procedures

Total Cost €

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EC-Contrib. €

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Partnership

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 BioTrace project word cloud

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

biotrace    works    ta    keeping    industry    patients    recurrence    alerted    ai    estimate    predicts    biological    costly    smaller    hours    roi    liver    global    device    university    38    solution    surgery    arrhythmias    2017    interventional    resection    treating    cardiac    cancer    rates    ablation    viability    area    frequently    physicians    8m    treat    limited    market    unfit    heat    lesion    post    million    undertreatment    24    minimally    foresee    300    knowing    dying    surgical    algorithms    35    changer    monitor    unpredictability    damage    time    progression    54    latest    uth    cells    financial    neurotomy    oncology    complete    outside    alternative    risky    margin    sales    commercial    hospital    healthcare    reducing    tumours    outcome    standalone    proven    28    remove    electrophysiology    procedure    intervention    technique    thermal    continue    gold    revenues    pain    invasive    treatment    fifth    game    track    tokyo    considering    standard    40    tissue    feasibility    2023    clinical    opportunity   

Project "BioTrace" data sheet

The following table provides information about the project.

Coordinator
TECHSOMED MEDICAL TECHNOLOGIES LTD 

Organization address
address: MEIR WEISGAL 2 ST., SCIENCE PARK
city: REHOVOT
postcode: 7632605
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 Israel [IL]
 Total cost 71˙429 €
 EC max contribution 50˙000 € (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-2018-2020-1
 Funding Scheme SME-1
 Starting year 2019
 Duration (year-month-day) from 2019-12-01   to  2020-04-30

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    TECHSOMED MEDICAL TECHNOLOGIES LTD IL (REHOVOT) coordinator 50˙000.00

Map

 Project objective

Cancer treatment resection or surgery is currently the gold standard to remove tumours, but it is risky for patients and a costly process (average cost of €28.000 per surgery). Ablation is a minimally invasive technique and the best alternative to surgery (€1,300). However, its use is still limited to treat patients with smaller tumours or patients unfit for surgery, due to its high unpredictability, as there is currently no way of knowing the extent of the lesion during and after the intervention (cells continue dying for up to 24 hours after the intervention due to thermal effects). Thus, undertreatment or over treatment frequently occur, the latest leading to up to 40% recurrence. Our solution, BioTrace, is the only device able to monitor in real-time the extent of the lesion during the ablation procedure and predicts its outcome 24 hours post-treatment. It works by keeping track of the tissue's biological response to the heat using AI-based algorithms. With BioTrace physicians are alerted when damage is observed outside the surgical margin, which enables them to determine its progression 24 hours after the procedure (as proven in a clinical study conducted with 54 standard TA procedures in University of Tokyo Hospital (UTH)). BioTrace will be a game-changer in the ablation technology industry by improving success rates and reducing costs for the healthcare system. Its market opportunity is large since it can be applied not only in the interventional oncology area, but in other areas, such as electrophysiology (for treating cardiac arrhythmias) and neurotomy (for pain management). We foresee that we will need €3 million to complete phase 2 and reach the liver market as a standalone system. Considering a growth of the global ablation market of 35% (2017-2023), in the fifth year of sales we estimate to reach revenues of 10.8M and a ROI of 0.38. During the feasibility study we will further assess the technical, commercial and financial viability of our project.

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

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