OstomyCure AS receives sought-after Horizon 2020 EU grant of € 2.5 Mio.
OstomyCure AS has received a EU grant of € 2.5 Mio. via the Horizon 2020 Project.
“This EU grant is a major milestone for OstomyCure AS, and further confirms the very unique benefits of TIES Solution which are now endorsed by a very capable public institution” – Says Dr. Ben Broennimann, CEO of OstomyCure AS and continues: “The Horizon 2020 is only given to a limited number of new innovations every year. These are innovations that really make a difference in today’s and tomorrow’s healthcare environment. The grant will have a duration of 36 months starting in January 2019 and will further enable OstomyCure to bring the TIES Solution® to the market more efficiently.”
The TIES Solution® is an innovative medical solution which is intended for patients with a new or an existing permanent ileostomy. It has the potential to change the quality of life for the many hundreds of thousand patients with a permanent ileostomy. The solution consists of a titanium implant, which is attached to the intestine creating a stable ileostomy and a cap or lid with a hatch which is “clicked” on to the implant enabling patients to empty the stoma at their convenience via a conventional stoma bag. The patient is virtually bag free.
Dr. Ben Broennimann further explains “The TIES Solution® is a game changer for many patients with this chronic condition. Ileostomies have basically been treated the same way for the last 20-30 years – with a conventional stoma bag – which creates a lot of problems for an otherwise normal functioning group of patients. The TIES Solution® addresses a number of the very common complications with conventional bags – like skin problems which lead to leakage, irritated skin and unwanted odor. This is a heavy burden not only for the patient but also the payor.”
A major multicenter study has just been initiated primarily in the UK and patients have started to enroll into the study. Ostomycure AS aims to prove the safety and efficacy of the TIES Solution® in this study.
3D Systems Inc. in Belgium and Quadvis AB in Sweden are the selected partners for OstomyCure in this EU collaboration project.
OstomyCure develops and manufactures medical devices that comply with the most stringent requirement of Medical Device Regulations on safety and efficacy.
TIES III Implant
3D printed pure titanium implant which is mounted at the distal end of the ileum, anchored through the skin, creating a safe and stable ileostomy.
TIES Lid III TIES Bag holder
Ostomycure AS is a privately-owned Norwegian medical technology company developing a revolutionary technology called the Transcutaneous Implant Evacuation System (TIES®), addressing a market estimated to be worth $2bn annually.
The stoma market is dominated by Coloplast, Convatec and Dansac/Hollister, Johnson&Johnson and Medtronic.
This solution is intended for ileostomy patients looking for a better solution and improved quality of life.Leave a reply