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Report

Teaser, summary, work performed and final results

Periodic Reporting for period 1 - Tremipen (The first simple monitoring device for Parkinson and other Tremor diseases)

Teaser

Summary

Tremitas GmbH was founded in 2015 in Austria. We developed and patented TremipenÂ®, a medical device that allows Parkinsonâ€™s Disease (PD) and Essential Tremor (ET) patients to monitor their tremor at home. We are now developing TremipenÂ®Diff, a diagnostic system for the differential diagnosis between ET and PD. Currently no test exits that can definitively diagnose either ET or PD. The diagnosis relies on the subjective criteria of doctors that decide the diagnostic process based on a complete medical/symptom, family and medication history and examination. In contrast TremipenÂ®Diff is able to objectively and accurately diagnose these diseases, allowing their proper management and treatment. TremipenÂ®Diff technology is robust and accurate, fast and inexpensive compared to current methods.

Work performed

We have performed a feasibility study focusing on 3 main areas. Technically, we have studied the developments needed for the technical finalization of TremipenÂ®Diff. We have also prepared an Execution Plan for the development of TremipenÂ®Diff, including planning, organization, risk analysis and budget. Commercially, we have assessed the existing and prospective markets, including the competition, to consolidate our marketing strategy. Moreover, we have performed a patent search to ensure our Freedom-to-Operate. Finally, we have done a 5-year financial forecast.

Final results

TremipenÂ®Diff will have a significant impact on: 1) ET and PD patients: It will improve their quality of life as they will be spared pain and uncertainty, psychological impact associated with misdiagnosis and suboptimal pharmacological management of their disease. 2) Physicians and neurologists: It will allow them to better and faster diagnose tremor disorders, avoiding misdiagnoses and leading to proper treatments. 3) Company: It will boost Tremitasâ€™ growth 4) Healthcare system: It will decrease the cost of improper disease management and inefficient treatment of PD and ET, and alternative expensive diagnosis methods.