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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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 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.

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

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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