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PREPARE SIGNED

Preventing Respiratory Events through Proactive Assessment of Respiratory Effort

Total Cost €

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EC-Contrib. €

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Partnership

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 PREPARE project word cloud

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

25    hospital    solutions    adoption    generation    vp    patient    first    2020    asian    monitoring    120    trl7    irish    settings    postoperative    platform    30    optimisation    10    marked    patients    medical    population    care    pmd    asia    countries    reject    hospitals    197    save    mortality    intermediate    distributors    16    107    compromise    breathing    grow    ge    investigations    ce       total    sales    intensive    60m    length    capture    20    unplanned    memorandum    incidence    globally    monitor    continents    differentiated    accurate    rr    america    mindray    admissions    stay    respirasense    negotiations       artifact    31bn    liabilities    welch    undertaking    premier    distributor       intervention    respiratory    opportunity    clinical    2019    rate    gt    ward    marketing    continuous    rc    million    sustain    allyn    market    prospects    multinational    mou    business    validated    event    400    500    annual    companies    21    world    70    team    775m   

Project "PREPARE" data sheet

The following table provides information about the project.

Coordinator
PMD DEVICE SOLUTIONS LIMITED 

Organization address
address: BISHOPSTOWN HOUSE MODEL FARM ROAD
city: CORK
postcode: T12T922
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]
 Project website http://www.pmd-solutions.com/
 Total cost 4˙265˙610 €
 EC max contribution 4˙265˙610 € (100%)
 Programme 1. H2020-EU.3.1. (SOCIETAL CHALLENGES - Health, demographic change and well-being)
2. H2020-EU.2.3.1. (Mainstreaming SME support, especially through a dedicated instrument)
 Code Call H2020-SMEINST-2-2015
 Funding Scheme SME-2
 Starting year 2016
 Duration (year-month-day) from 2016-04-01   to  2018-09-30

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    PMD DEVICE SOLUTIONS LIMITED IE (CORK) coordinator 4˙265˙610.00

Map

 Project objective

The incidence rate of Respiratory Compromise (RC) in hospital settings is 7% in intermediate/general care ward patients (107 million patients) and 30% in step-down postoperative patients (197 Million patients), at an average cost of €16,500 per event. It will cost the EU €31Bn by 2019. PMD’s technology will lead to a 20% reduction in the average patient length of stay, a 10% reduction in unplanned intensive care admissions, and a 5% reduction in liabilities from patient mortality by enabling early intervention of Respiratory Compromise (RC). This will be achieved by enabling the continuous and accurate monitoring of general ward patients respiratory rate (70% of the total patient population). The business opportunity is PMD Solutions (PMD), with its unique respiratory monitoring platform technology and its premier TRL7 CE marked product RespiraSense - the world’s first continuous respiratory rate monitor that is highly differentiated due to its ability to reject non-breathing artifact. This proposal, through the undertaking of clinical investigations, product optimisation, new product development and sales and marketing, will enable PMD to capture 0.4% of the market and sustain a 400% annual growth rate by 2020. It will lead to the generation of >€60M with sales across 3 continents including Europe, America and Asia and to grow the team from 10 to 21 within 3 years. PMD currently has 1 agreement with an Irish distributor and 7 Memorandum of Understanding (MoU) with other distributors across Europe with a further 25 other prospects. PMD is also in negotiations with the VP of marketing at each of the top 2 US (Welch Allyn, GE Medical) and the top Asian (Mindray) multinational patient monitoring companies. Globally hospital’s will save €775M over the next 3 years through their adoption of continuous monitoring of respiratory rate (RR). The unique technology platform has been validated on over 120 patients across 5 clinical areas in 5 hospitals, across 5 countries.

 Deliverables

List of deliverables.
PR collateral Websites, patent fillings, videos etc. 2019-05-31 16:50:40

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

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

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