RD-MRI NETWORK SIGNED

Project "RD-MRI NETWORK" data sheet

The following table provides information about the project.

 Partnership

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Map

 Project objective

Rare diseases affect 36 million citizens in the EU with 75% of patients being children and 30% dying under the age of five. 94% of the 8,000 rare diseases lack approved treatments and the EU has created financial incentives for pharmaceutical companies (PhC) to develop suitable orphan drugs but they face difficulties through increasingly high development risks where a failed drug trial can cost €1.8bn on average. In order to lower their costs, PhCs outsource development work to Contractual Research Organizations (CRO) who specialise in specific task such as drug discovery or clinical trials but these CROs have significant limitations such as a lack of modern Nuclear Magnetic Resonance Imaging (MRI) methodologies, EMA/FDA compliance, contacts to clinical sites and restricted access to rare disease patient groups. We present MRI NETWORK, the first solution which bridges the gap between PhCs and clinical sites by providing an online network of expert clinical sites, full trial design, the most advanced MRI methodologies and smart automated MRI data processing & coordination. This project will be fundamental in bringing our technology to full market readiness and reach the 150,000 clinical sites and 36 million rare disease patients in the EU. Our company, CRIS, has been involved in 30 clinical trials in the past 20 years and with our extensive commercial network of clinical sites, academic experts, pharmaceutical companies and the relevant regulatory institutions, we expect to generate €15.4m in profits with an ROI of 6.7 over 3 years. RD-MRI NETWORK creates a new market for clinical trials and MRI services in the EU and, next to 17 direct jobs, we will create 500 new skilled jobs by allowing academics to receive adequate compensation for MRI services and increase industry collaborations in academia.