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ACE

ANNULUS CLOSURE EXPANDABLE DEVICE BASED ON SHAPE-MEMORY MATERIALS AND MEDICAL TEXTILES: SCALE-UP TO PRODUCTION, TESTING AND DEMONSTRATION.

Total Cost €

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EC-Contrib. €

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Partnership

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 ACE project word cloud

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

invention    commercially    bridging    launching    verified    eurostars    approved    productivity    device    blue    accelerate    economic    manufacturer    added    consolidating    leadership    surgery    strategic    cagr    examiner    neos    2015    fixed    dynamic    innovative    2022    expandable    launch    portfolio    landscape    active    respects    segment    health    sick    solves    natural    disc    clinicians    implant    triple    add    position    approval    back    pain    herniation    movements    patients    leaves    gap    conversations    combining    minimum    ip    commercial    broaden    18    moment    fusion    expertise    start    securely    sales    trl6    solution    company    freedom    surgeons    implants    2018    first    hernia    clinical    board    directors    foreseen    permanent    annulus    validated    barrier    ocean    plan    manufacturing    medical    closure    market    cornerstone    patent    ace    visibility    payers    socio    spinal    re    environment    textile    turnover    900    business    operate    1400    spine    ready    had    techniques    player    industrial    vertebra    provides    procedure    unmet   

Project "ACE" data sheet

The following table provides information about the project.

Coordinator
NEOS SURGERY SL 

Organization address
address: PASEO MIKELETEGI - PARQUE TECNOLOGICO MIRAMON 2
city: DONOSTIA SAN SEBASTIAN
postcode: 20009
website: www.neosurgery.com

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.neosurgery.com/index.php/en/r-d-projects/186-ace-annulus-closure-expandable.html
 Total cost 2˙722˙250 €
 EC max contribution 1˙905˙575 € (70%)
 Programme 1. H2020-EU.2.3.1. (Mainstreaming SME support, especially through a dedicated instrument)
2. H2020-EU.2.1.2. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies – Nanotechnologies)
 Code Call H2020-SMEINST-2-2015
 Funding Scheme SME-2
 Starting year 2015
 Duration (year-month-day) from 2015-10-01   to  2018-09-30

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    NEOS SURGERY SL ES (DONOSTIA SAN SEBASTIAN) coordinator 1˙905˙575.00

Map

 Project objective

The objective of the ACE project is to broaden NEOS’ product portfolio by launching its first Spinal Product, an Annulus Closure Device in 2018. Sales from this product will more than triple NEOS’ turnover between 2018 and 2022. It will also position NEOS in a very strategic segment of the Spinal Implants Market: Non-Fusion Spinal Implants (900-1400 M€, CAGR 10-18%), consolidating its visibility as a manufacturer of innovative implants.

The ACE provides a permanent solution to an unmet clinical need: disc hernia management. The ACE solves the challenge by providing a barrier to re-herniation which is expandable, is securely fixed to the vertebra, has minimum impact on the current surgery procedure, and respects natural spine movements. This is done by combining expertise in implant design, textile technology, and advanced manufacturing techniques, and was developed by a European consortium in a Eurostars-funded project.

The ACE is currently at TRL6, and is ready for testing in its operational environment. The European patent of the invention is in conversations with the examiner, approval foreseen in 2015. Freedom to Operate had been verified. The ACE has been validated with clinicians and commercial partners and the ACE Business Plan has been approved by NEOS’ Board of Directors.

The ACE will address a “Blue Ocean” type market with a dynamic IP and start-up landscape, with only one commercially active player at the moment.

The ACE will add value to Patients, Surgeons and Payers by offering a cost-effective, permanent solution to low back pain. NEOS will be the first European company to launch an Annulus Closure Device, which will address many European challenges: the socio-economic impact of low back pain (Health Costs, sick leaves, productivity loss), European industrial leadership in the high added-value Medical Devices sector, and bridging the gap between research and the market. The ACE is the cornerstone of NEOS’ Strategic Plan to accelerate its growth.

 Deliverables

List of deliverables.
NEOS’ website update Websites, patent fillings, videos etc. 2019-05-31 18:07:21

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

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

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