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PREPARE SIGNED

Preventing Respiratory Events through Proactive Assessment of Respiratory Effort

Total Cost €

EC-Contrib. €

Partnership

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Outcomes and
results

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.

annual continuous 25 medical optimisation intermediate 197 mortality distributors world stay settings breathing irish artifact allyn adoption 500 premier negotiations million 2019 total 4 capture 31bn hospitals mindray liabilities 775m platform asia event prospects reject validated sustain monitor ce 2020 care mou 60m 120 ward generation undertaking globally 21 patients memorandum gt america respirasense 20 pmd asian 7 clinical vp save intervention 16 marketing grow business ge 70 investigations differentiated population admissions intensive continents solutions 10 length distributor welch sales rr market hospital compromise 30 incidence 5 postoperative 107 companies trl7 respiratory marked monitoring countries 400 team multinational rate accurate first patient rc unplanned opportunity

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 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.	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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