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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.

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

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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