dx1 amd week10 class presentation
TRANSCRIPT
Accelerated Medical Diagnostics,
Inc.
George D. Cimino, Paul T. Henderson, William Hope, Maike Zimmermann
PlatinDx
Diagnostic test to predict sensitivity towards
platinum based chemotherapeutics
Customers Interviews: 100
Market Opportunity Assessment
Resegmented Market
Total Available Market (TAM): $5B
Solid Cancers treated with Chemo Worldwide
Served Available Market (SAM): $1B
Cancers in the US
Target Market (TM): $250M
Bladder Cancer US TAM
SAM
TM
AMD activity before UCSF LLP
2010 2012
Business
Plan v1
IND/IRB
Approvals
(lung, bladder)
1st Patient
Microdosed
SBIR
P1
IND/IRB
Approvals
(breast)
SBIR
P2UCSF
LLPAMD
Formed
Idea To
IPO
Business
Plan v2
2008 2014
LLP program led to a focus on
bladder cancer
Out of the Building Learning & Focus
Hypothesis Reality
Oncologists and patients make
the treatment decision
Surgeons make the treatment
decision
Physician follow Standard of
Care set by ASCO and NCCN
Only 10% of patients are treated
with chemotherapy before
surgery
All initial value propositions are
equally important (saving
money, reducing toxic exposure,
improving reputation)
Minimizing unnecessary toxicity
and saving lives through
improving utilization of standard
of care are most important
FDA approval is important for
physician adoption
No, but may still be important for
reimbursement
Improved understanding
New possible value proposition:
Improve utilization of standard of
care recommendation
Model to visualize the improvement of live
expectancy with our test
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
0 12 24 36 48 60 72 84 96 108 120 132 144 156 168
% S
urv
ival
Months after Randomization
Chemo responders
Overall survival(responders/non-responders)
No chemoCurrent practice10% patients with Chemo
60 months median
survival extension
Next Steps
Tool provides a dynamic display of changing
diagnostic assay parameters on survival curves
Use the model to obtain desired performance
parameters from physicians for their adoption of
PlatinDx
Creating a pharmacoeconomic model of the effect
of PlatinDx usage to validate value added pricing
Investment Readiness Level Level Dx 7- 8
Reimbursement and IP strategies
understood but not fully implemented
Left side of canvas hypotheses tested
with some interviews
Revenue model validated
Market size validated
Right side of the canvas completed
and validated
Fund raising and clinical trials in
progress
LLP focused us on bladder cancer MVP as initial product
Acknowledgements
LLP
UCSF
NIH
Team
Mentors
Instructors
TAs
Interviewees
my car
Invention of coffee
German-English dictionary
…
Out of the Building Learning & Focus
Surgeons decide how patients are treated
Bladder cancer is under treated with chemotherapy
because of low response rates (40%)
A 50-60% response rate is sufficient to change surgeon
adherence to SOC
Surgeons and oncologists rely more on peer reviewed
clinical studies compared to FDA approval for adoption
of new procedures
Microdose of
[14C]chemo drug( )*
*
*
**
* *
PlatinDx how it works
DNA
Accelerator Mass
Spectrometry (AMS)
* *****
**SensitiveResistant
orResults
Treatment decision
Blood/ Tumor
Samples
*
Blood Test or Tumor Test
Customer relationship “get, keep, grow”
What is your customer lifetime value?
• Urologist: $200,000 (US)
• 8000 specialists in the US
• 72,500 new bladder cancer cases per year
• assumed 5 year product lifetime
Customer Acquisition Cost $12,500
• Marketing and Sales budget / Customer
Segment Physician
PlatinDx
price
structure