Research and development efforts on a novel medical device are anticipated, based on the Company’s expertise and know-how. The medical device will be dedicated for use at home in hard-to-heal wounds, including diabetic foot.
The market share of this product category is estimated to grow in the coming 10 years.
The works involved in marketing a cutting-edge medical device are divided into several stages. Clinical trials are one of the project’s crucial steps. Another step will involve certification and notification of the medical device. The entire process is estimated to take around 3 years.
The company intends to finance the works from their own funds or apply for co-financing from EU funds.”