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BioTrace SIGNED

World's First Real-Time Monitoring System for Ablation Procedures

Total Cost €

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EC-Contrib. €

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Partnership

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 BioTrace project word cloud

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

outcome    university    lesion    limited    alerted    treatment    damage    ablation    35    viability    ai    revenues    24    liver    biotrace    algorithms    considering    time    cardiac    40    tumours    margin    changer    track    heat    2023    interventional    ta    device    treating    frequently    patients    rates    progression    tokyo    smaller    market    thermal    invasive    minimally    2017    continue    unpredictability    hospital    clinical    biological    million    roi    cancer    pain    post    28    feasibility    dying    risky    uth    oncology    standalone    industry    neurotomy    latest    area    outside    resection    unfit    surgical    38    cells    54    monitor    commercial    game    knowing    foresee    treat    fifth    technique    arrhythmias    physicians    keeping    recurrence    alternative    tissue    standard    sales    electrophysiology    opportunity    8m    complete    procedure    healthcare    undertreatment    estimate    remove    costly    reducing    solution    proven    predicts    gold    financial    300    global    surgery    works    intervention    hours   

Project "BioTrace" data sheet

The following table provides information about the project.

Coordinator
TECHSOMED MEDICAL TECHNOLOGIES LTD 

Organization address
address: MEIR WEISGAL 2 ST., SCIENCE PARK
city: REHOVOT
postcode: 7632605
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 Israel [IL]
 Total cost 71˙429 €
 EC max contribution 50˙000 € (70%)
 Programme 1. H2020-EU.3. (PRIORITY 'Societal challenges)
2. H2020-EU.2.3. (INDUSTRIAL LEADERSHIP - Innovation In SMEs)
3. H2020-EU.2.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies)
 Code Call H2020-SMEInst-2018-2020-1
 Funding Scheme SME-1
 Starting year 2019
 Duration (year-month-day) from 2019-12-01   to  2020-04-30

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    TECHSOMED MEDICAL TECHNOLOGIES LTD IL (REHOVOT) coordinator 50˙000.00

Map

 Project objective

Cancer treatment resection or surgery is currently the gold standard to remove tumours, but it is risky for patients and a costly process (average cost of €28.000 per surgery). Ablation is a minimally invasive technique and the best alternative to surgery (€1,300). However, its use is still limited to treat patients with smaller tumours or patients unfit for surgery, due to its high unpredictability, as there is currently no way of knowing the extent of the lesion during and after the intervention (cells continue dying for up to 24 hours after the intervention due to thermal effects). Thus, undertreatment or over treatment frequently occur, the latest leading to up to 40% recurrence. Our solution, BioTrace, is the only device able to monitor in real-time the extent of the lesion during the ablation procedure and predicts its outcome 24 hours post-treatment. It works by keeping track of the tissue's biological response to the heat using AI-based algorithms. With BioTrace physicians are alerted when damage is observed outside the surgical margin, which enables them to determine its progression 24 hours after the procedure (as proven in a clinical study conducted with 54 standard TA procedures in University of Tokyo Hospital (UTH)). BioTrace will be a game-changer in the ablation technology industry by improving success rates and reducing costs for the healthcare system. Its market opportunity is large since it can be applied not only in the interventional oncology area, but in other areas, such as electrophysiology (for treating cardiac arrhythmias) and neurotomy (for pain management). We foresee that we will need €3 million to complete phase 2 and reach the liver market as a standalone system. Considering a growth of the global ablation market of 35% (2017-2023), in the fifth year of sales we estimate to reach revenues of 10.8M and a ROI of 0.38. During the feasibility study we will further assess the technical, commercial and financial viability of our project.

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

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