September 2018 COMPANION DIAGNOSTICS CODEX4SMES ROADSHOW
The Companion Diagnostics Codex4SMEs Roadshow took place on Tuesday 18th September in Galway. The event was hosted by CÚRAM Centre for Research in Medical Devices and WestBIC. Speakers included Dr Elaine Kenny (CEO of Elda Biotech) on the impact of developing a cancer diagnostic in the Irish setting, and Diarmuid Cahalane (Metabolomic Diagnostics) on the impact of the new regulations on companion diagnostics.
The Interreg North-West Europe project Codex4SMEs (Companion diagnostics expedited for small and medium-sized enterprises) aims at improving healthcare by the enhanced adoption of Personalised Medicine. The objective is to establish a network, which supports SMEs along the value chain of companion diagnostics development. Companion diagnostics (Cdx) are an indispensable tool for optimum application of Personalized Medicine: they enable the determination of the molecular causes of a disease before starting a treatment. However, thus far the development of Cdx has been highly time-consuming and costly. As a result, at present these tools are only used in the context of very few treatments.
Codex4SMEs will establish a transnational network of nine partners and two sub-partners from seven countries and expedite the development of the SMEs’ products in the field of Cdx. There is a need to improve the innovation capabilities and raise the international competitiveness of North-West Europe SMEs in a global market currently dominated by US companies - Codex4SMEs will directly address this challenge.
To join the Codex4SMEs network and get involved visit: www.nweurope.eu/codex4smes