1. Presentation Radboud Innovatie BootCamp 2015 Rob Lips
Nijmegen, 2 april 2015 GATT Technologies BV
GATT-Patch
Strategic or Financial investors?
GATT™ synthetic polyoxazoline (POX) platform
for surgical sealants and hemostats
GATT-Tape GATT- Patch
2. Agenda
From POX polymer to medical device business opportunity
14 April 2015 GATT Technologies BV 2
About GATT Technologies BV
The GATT-Patch product opportunity
The GATT-Patch industry opportunity
Strategy and financing
3. Johan Bender MSc Prof Harry v Goor
CEO, founder clinical partner
serial entrepreneur
About GATT
founded with a clinical ambition
14 April 2015 GATT Technologies BV 3
“The GATT technology platform will enable
medical device tapes and patches
with specific properties
optimized for the targeted clinical
application”
GATT Technologies BV :
founded in 2011 by Johan Bender
The unmet need :
anastomotic leakage: 3-15% with mortality 2-3%
The ambition : the GATT-Tape
4. About GATT
GATT-Tape : technology and successful proofs of concept
14 April, 2015 4
Approved PEG (Polyethyleneglycol ) sealant products
DuraSeal: CoSeal:
Successful Proofs of Concept
GATT-POX advantages over PEG
strong adhesion
on wet tissue
water tight < 1-2 minutes
GATT-Tape
production
Hot Melt Extrusion
POX poly(2-oxazoline)s has additional benefits:
stronger adhesion
better tuneable functionality
non-brittle
PEG POX
+ End and side chains
+ Versatile synthesis
GATT Technologies BV
5. GATT-Tape
needed milestones and financing
14 April, 2015 GATT Technologies BV 5
GATT Technologies BV
Strategic
Partner
GATT Tape
Technical
Proof-of-Concept
X M€
GATT Tape
Pre-Clinical Studies
GATT Tape
Clinical Studies
Milestone CE
GATT Tape
Market intro
first Sales
0.X M€ X M€*
X M€ X M€
2015 2016 2018
* intended innovation loans
0.XM€
Financial Investors
Subsidies/Loans
Financial Investors ?
6. The large hemostatic and sealant market
trend to (semi) synthetic medical devices
14 April 2015 6
product
costs
adhesion strength
Hemostats Sealants
*time to hemostasis
medical
device
medicine
2005
Mechanical
hemostats
(1-10 min.)*
PEG
sealants
(<2 min.)*
GATT Technologies BV
Fibrin
powders
(<3 min.)*
Fibrin
gels
(<3 min.)*
Fibrin
spray sealants
(<5-10 min.)*
Fibrin
patches
(<3 min.)*
POX
GATT-Tape
(seal)
7. POX
GATT-Tape
(seal)
The product opportunity
clinical need for cost-effective, high-end hemostats
14 April 2015 7
product
costs
adhesion strength
Hemostats Sealants
*time to hemostasis
medical
device
medicine
Fibrin
patches
(<3 min.)*
2005
Mechanical
hemostats
(1-10 min.)*
2014 PEG
patches
(<2 min.)*
GATT Technologies BV
POX
GATT-Patch
(<1 min)*
GATT-Patch
> equal/better than
Baxter Hemopatch
2017
8. GATT-Patch
cost effective solution in expanding market segment
14 April, 2015 8
The opportunity: Baxter HemoPatch slipstream
BAXTER, recently introduced the Hemopatch
(a sealing hemostat):
PEG-collagen based
hemostatic medical device
competitive pricing
The GATT-Patch will have equal or better
characteristics than the BAXTER Hemopatch
Especially on the faster time to hemostasis (< 1 min.)
and at least equal cost effectiveness.
The GATT-Patch will be an attractive and profitable
completion of the product portfolio for most of the
major vendors
expensive
time to hemostatis 3 min.
The targeted GATT-Patch product
GATT Technologies BV
9. The industry opportunity
market shift to cost-effective, semi-synthetic medical devices
14 April 2015 9
product
costs
adhesion strength
Hemostats Sealants
*time to hemostasis
medical
device
medicine
Fibrin
patches
(<3 min.)*
PEG
patches
(<2 min.)*
POX
GATT-Patch
(<1 min)*
1
Mechanical
hemostats
(1-10 min.)*
2
GATT Technologies BV
10. The industry opportunity
targeted companies and confirmed interest
14 April 2015 10
1. Market players with expensive fibrin hemostats:
a competitive high end “sealing” hemostat,
is a must for their sales channels
the GATT POX technology will allow for a
complete competitive, cost-effective hemostat
portfolio
2. Market players with traditional mechanical
hemostats:
enables shift of portfolio and expansion of
business to attractive high-end
GATT-Patch industry target Matrix:
GATT Technologies BV
11. * <= level as PEG
<< lower than Fibrin
The product opportunity
Profitable turnover
14 April, 2015 11
Value chain Turnover
The turnover potential for the GATT-Patch is
estimated at 50-150M€ at a targeted 10-20%
share in the high end market.
First sales will start at the end of 2017 with a
targeted sales turnover of 10-20M€ after 5 years
GATT Technologies BV
12. GATT-Patch BV
Strategy: separate legal entity with full business ownership
14 April, 2015 GATT Technologies BV 12
GATT Technologies BV
IP
POX technology platform
product development
supply of activated POX
Strategic Partner
approved carrier + know-how
production
co-investment
(distribution)
GATT Patch BV
business and product
owner
exclusive rights on
hemostat technology
large OEM partners distributors*
*independent and/or from strategic partner
product supply
13. GATT-Patch BV
deal construction for partnership GATT-Strategic Partner
14 April, 2015 GATT Technologies BV 13
GATT Technologies BV
Strategic Partner
GATT Patch BV
Technical
Proof-of-Concept
GATT-Tech 100%
X M€
GATT Patch BV
Pre-Clinical Studies
GATT-Tech 90%
Partner 10%
GATT Patch BV
Milestone CE
Clinical Studies
GATT-Tech 75%
Partner 25%
GATT Patch BV
Market intro
operational sales
endorsement studies
GATT-Tech 50%
Partner 50%
0.X M€ X M€*
X M€ X M€
2015-Q2 2016-Q2 2017
* intended innovation loans
0.XM€
14. GATT-Patch
Strategic or Financial investors?
GATT-Tape
Financial Investor
GATT- Patch
Strategic Investor
GATT Technologies BV Rob Lips r.lips@gatt-tech.com