Three Companies Awarded Funding in Department of Healths SBRI Healthcare Programme
SBRI Healthcare, a Department of Health funded initiative to develop innovative solutions that address unmet health needs, recently announced the three companies awarded Phase 2 development funding in the SBRI Medicines Management competition.
From five companies awarded Phase 1 funding in October 2012, three have demonstrated best value and greatest technical feasibility. At a typical cost of £250,000 to £1 million each, the successful companies will be supported and fully funded to take their technologies through to commercialisation and procurement.
Focused on effective medicines management, the current competition winners are developing innovative solutions to improve the number of patients taking prescribed medication. This is an area that significantly contributes to unscheduled hospital admissions and costs the NHS £100 million every year in drug wastage. The successful projects are expected to bring quality and cost benefits to the NHS through improved healthcare delivery, particularly in vulnerable patient groups and by facilitating continuing care in the home.
Funding for the SBRI Healthcare programme has been secured from the Department of Health. The UK’s innovation Agency, the Technology Strategy Board, run the series of competitions which are managed on their behalf by Health Enterprise East.
Health Minister, Lord Howe said: "Technology and innovation have an important role to play in helping to improve the way people are cared for by the NHS.
“This competition is an excellent opportunity to develop highly innovative solutions to improve the number of patients taking their medication. Congratulations to the three companies on being awarded the next phase in funding — their projects demonstrated best value and technical viability.”
Karen Livingstone, Director of Strategic Partnerships at NHS Midlands and East said: “Congratulations to all three companies, the award of Phase 2 funding is testament to each company’s ability to recognise a real opportunity to improve patient outcomes and develop innovative solutions. We look forward to supporting the teams through the commercialisation process and help in accessing potential industry partners.”
The three companies selected to receive phase 2 funding are
Bespak Europe Ltd, Cambridge-based, developing a new bolus drug delivery device using novel delivery technology that is simple and easy-to-use and will bring cost savings to the NHS. With Phase 1 technical feasibility project successfully completed, the development work in Phase 2 will focus on creating a device which is ready for clinical trials and commercialisation.
Therakind Ltd, London-based, developing a simple novel device that enables rapid and easy treatment of hypoglycaemia in child diabetes, which currently results in at least 15,000 hospital admissions each year in England. Phase 2 funding will allow continued development, taking the product to proof of concept in man. Cost effective for the NHS, the device will bring a major benefit to patients.
UMotif Ltd, London-based, developing a patient-centred self-management and self-care platform with web and mobile apps that help people with Parkinson's Disease to track and manage their condition. Patients can share their data with their neurologists and other health professionals to support the delivery of care and enhance shared decision making. The software will be tested through a multi-centre trial across the UK. The project follows a successful Phase 1 trial overseen by Birkbeck, University of London, with patients recruited via The Cure Parkinson's Trust, during which the app achieved 70% daily use rates and increases in self-reported medication adherence.
To find out more visit www.sbrihealthcare.co.uk
Related News
-
News Lessons from CPHI Milan 2024: Sunny Intervals for Pharma Manufacturing?
As the 2024 CPHI conference wrapped up in Milan, we caught up with L.E.K. Consulting – a global strategy consulting firm with deep expertise in pharma manufacturing – to discuss evolving market perspectives and business outlook. -
News US BIOSECURE Act passed by US House of Representatives
The controversial act, which has already impacted several foreign companies operating in the US, was passed by the House of Representatives on September 9, 2024. It is now headed for the US Senate before it can be signed into law by President Joe Biden... -
News Pharma Supply Chain People Moves
The latest appointments, promotions, and structural changes across the pharmaceutical supply chain. -
News Drug prices agreed upon as part of the US Inflation Reduction Act
The Inflation Reduction Act brought into constitution by the Biden administation in 2022, which proposed a drug price negotiation between the government and pharmaceutical companies, has reached it's first agreement. -
News BIOSECURE Act continues to loom over Chinese pharma manufacturers
With the US BIOSECURE Act on its way to passing into legislation, Chinese companies are facing declining revenues within the first half of 2024 as US pharmaceutical and healthcare companies pull their businesses from the country. -
News Ophthalmologic drug product Eylea faces biosimilar threats after FDA approvals
Regeneron Pharmaceutical’s blockbuster ophthalmology drug Eylea is facing biosimilar competition as the US FDA approves Biocon’s Yesafili and Samsung Bioepis/Biogen’s Opuviz. -
News ONO Pharmaceutical expands oncology portfolio with acquisition of Deciphera
ONO Pharmaceutical, out of Japan, is in the process of acquiring cancer-therapy maker Deciphera Pharmaceuticals for US$2.4 billion. -
News First offers for pharma from Medicare drug price negotiations
Ten high-cost drugs from various pharma manufacturers are in pricing negotiations in a first-ever for the US Medicare program. President Biden’s administration stated they have responded to the first round of offers.
Position your company at the heart of the global Pharma industry with a CPHI Online membership
-
Your products and solutions visible to thousands of visitors within the largest Pharma marketplace
-
Generate high-quality, engaged leads for your business, all year round
-
Promote your business as the industry’s thought-leader by hosting your reports, brochures and videos within your profile
-
Your company’s profile boosted at all participating CPHI events
-
An easy-to-use platform with a detailed dashboard showing your leads and performance