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ColoFast SIGNED

Developing a Non-Invasive Kit for Early Colorectal Cancer Detection

Total Cost €

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EC-Contrib. €

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Partnership

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 ColoFast project word cloud

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

company    189m    multiplying    biomarkers    survival    prevented    validate    cancer    easily    priorities    global    invasive    616m    2m    decreasing    reducing    improvements    hospitals    team    patient    care    detection    medical    earlier    services    community    expanding    employees    18    commercialize    give    regulatory    commercialization    clear    population    quality    sme    colorectal    health    rate    japan    clinical    2021    turnover    size    screening    amadix    blood    approved    routine    programs    opportunity    treatment    acceptance    business    reduce    life    people    specificity    assisting    unmet    edge    healthcare    2024    generation    savings    agrees    25    strategies    benefit    diagnosed    profitable    fulfill    huge    profit    look    national    41    cohorts    majority    colofast    patients    2020    colofasttm    prospective    worldwide    sensitivity    avings    market    deaths    showed    diagnosis    crc    mortality    kit   

Project "ColoFast" data sheet

The following table provides information about the project.

Coordinator
ADVANCED MARKER DISCOVERY SL 

Organization address
address: CALLE ACERA DE RECOLETOS 2 1 B
city: VALLADOLID
postcode: 47004
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 Spain [ES]
 Project website http://www.amadix.com/colofast/
 Total cost 2˙817˙154 €
 EC max contribution 2˙817˙154 € (100%)
 Programme 1. H2020-EU.3.1.3. (Treating and managing disease)
 Code Call H2020-SMEINST-2-2016-2017
 Funding Scheme SME-2
 Starting year 2017
 Duration (year-month-day) from 2017-07-01   to  2021-06-30

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    ADVANCED MARKER DISCOVERY SL ES (VALLADOLID) coordinator 2˙817˙154.00

Map

 Project objective

Colorectal cancer (CRC) represents one of the most important health problems worldwide. Decreasing the mortality rate by CRC in Europe is a clear unmet need today. Medical community agrees that this number of CRC related deaths could be prevented by adequate screening programs for early detection. European authorities look for new strategies to address the clinical need for early diagnosis of CRC that will reduce patient care associated costs. Potential savings would be achieved if CRC patients were diagnosed earlier. The objective of this proposal is to validate and commercialize a novel, non-invasive, simple to use kit (ColoFastTM), regulatory approved for the diagnosis of CRC in blood. It is based on a new generation of leading-edge biomarkers that showed very high sensitivity and specificity for early detection of CRC in two prospective cohorts. The commercialization of the kit will have clear impact in improving survival of patients and reducing mortality by CRC cancer, with significant costsavings for National Health Services. It will be easily implemented in the clinical routine of the majority of European hospitals, with better acceptance of patients. ColoFast represents a significant business opportunity, addressing a clear unmet medical need in a large and expanding target population of 189M people in Europe in 2020, growing at 25%, with a significant global market of €1,616M in Europe, the US and Japan this year. It will have a huge impact on the growth of a SME as Amadix over the next 10 years, multiplying the team size by five in five years (41 employees in 2020). 2M European people will benefit from the test in 2024. Amadix turnover in 2021 will be €18 m, which will give our company a profit of €7 m in 2021. From this year on the company will be profitable. Overall, ColoFast will reduce mortality rate and treatment cost while improving quality of life in a cost-effective way, assisting also to fulfill European priorities for healthcare improvements.

 Deliverables

List of deliverables.
Research data management plan Documents, reports 2020-01-27 14:54:22
1st Dissemination and Communication Plan: Documents, reports 2020-01-27 14:54:22

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

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

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