Summary
Lung cancer is the most common cause of cancer deaths in the EU and worldwide with more than 0.4M people diagnosed each year. It has a dismal 5 year survival rate of just 18% and worldwide someone dies of lung cancer every 30 seconds. The impact of the disease on public health is substantial with > 6M hospital admissions in Europe each year (>€18 billion in economic costs). Surgery has been shown to provide a curative solution, but only 20-30% of patients can undergo surgery due to co-morbidities.
ENDOWAVE have developed a pioneering device, designed to destroy the targeted tumour in a single, minimally invasive intervention. The patented technology uses a flexible catheter system, which can be navigated through the patient’s airway to deliver targeted microwave heating to the tumour. This will enable physicians provide a curative treatment that can be delivered in an outpatient setting, improving patient outcomes and reducing costs to healthcare system.
The global market opportunity for lung cancer exceeds €3.6 billion. This SME Phase 1 Instrument funding will enable ENDOWAVE to complete detailed feasibility and business planning activities that will provide a platform for commercialisation of the technology. This will enable ENDOWAVE to enter the market, where we forecast revenues of €60 million by Year 5 based on conservative market penetration forecasts. This project will lead to job generation within ENDOWAVE and the associated supply chain.
Ultimately, ENDOWAVE seeks to improve outcomes for lung cancer patients by providing a curative treatment, which can be delivered in a single minimally invasive procedure.
ENDOWAVE have developed a pioneering device, designed to destroy the targeted tumour in a single, minimally invasive intervention. The patented technology uses a flexible catheter system, which can be navigated through the patient’s airway to deliver targeted microwave heating to the tumour. This will enable physicians provide a curative treatment that can be delivered in an outpatient setting, improving patient outcomes and reducing costs to healthcare system.
The global market opportunity for lung cancer exceeds €3.6 billion. This SME Phase 1 Instrument funding will enable ENDOWAVE to complete detailed feasibility and business planning activities that will provide a platform for commercialisation of the technology. This will enable ENDOWAVE to enter the market, where we forecast revenues of €60 million by Year 5 based on conservative market penetration forecasts. This project will lead to job generation within ENDOWAVE and the associated supply chain.
Ultimately, ENDOWAVE seeks to improve outcomes for lung cancer patients by providing a curative treatment, which can be delivered in a single minimally invasive procedure.
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More information & hyperlinks
| Web resources: | https://cordis.europa.eu/project/id/888193 |
| Start date: | 01-11-2019 |
| End date: | 29-02-2020 |
| Total budget - Public funding: | 71 429,00 Euro - 50 000,00 Euro |
Cordis data
Original description
Lung cancer is the most common cause of cancer deaths in the EU and worldwide with more than 0.4M people diagnosed each year. It has a dismal 5 year survival rate of just 18% and worldwide someone dies of lung cancer every 30 seconds. The impact of the disease on public health is substantial with > 6M hospital admissions in Europe each year (>€18 billion in economic costs). Surgery has been shown to provide a curative solution, but only 20-30% of patients can undergo surgery due to co-morbidities.ENDOWAVE have developed a pioneering device, designed to destroy the targeted tumour in a single, minimally invasive intervention. The patented technology uses a flexible catheter system, which can be navigated through the patient’s airway to deliver targeted microwave heating to the tumour. This will enable physicians provide a curative treatment that can be delivered in an outpatient setting, improving patient outcomes and reducing costs to healthcare system.
The global market opportunity for lung cancer exceeds €3.6 billion. This SME Phase 1 Instrument funding will enable ENDOWAVE to complete detailed feasibility and business planning activities that will provide a platform for commercialisation of the technology. This will enable ENDOWAVE to enter the market, where we forecast revenues of €60 million by Year 5 based on conservative market penetration forecasts. This project will lead to job generation within ENDOWAVE and the associated supply chain.
Ultimately, ENDOWAVE seeks to improve outcomes for lung cancer patients by providing a curative treatment, which can be delivered in a single minimally invasive procedure.
Status
CLOSEDCall topic
EIC-SMEInst-2018-2020Update Date
27-10-2022
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