Better quality of life for AVN patients

We plan to revolutionize the treatment of Avascular Necrosis (AVN) of the hip, using our patented stem cell therapy, which allows patients to keep their own hip joint. This method of treatment avoids long-term debilitating treatments and multiple surgeries, and allows patients to have a more active life and stay in the workforce. We’re already using this treatment in Ukraine with great success.

Reinventing AVN treatment

AVN of the hip is a disorder that causes bone tissue in the femoral head to break down. In the early stages the patient suffers pain, and at later stages may completely lose the ability to walk. Painkillers, electrical stimulation, grafts and osteotomies are all used to treat AVN, but today there is no completely successful treatment. Eventually the femoral head collapses, and surgical intervention with a total joint implant and prosthetic replaces the entire femoral head and acetabular joint. After total joint replacement surgery, each patient is considered disabled; over time, they may also come to need a second replacement surgery.

Read more in WHITEPAPER

Revolutionary stem cell technology

We have developed a revolutionary stem cell technology to treat AVN of the hip. We take adult stem cells from our patients with minimal discomfort, replicate them in the laboratory, remove the diseased section of the femoral head, inject the cells back into the body, and they do the job of growing new bone tissue.

Read our technology paper for more details.

“The work by the Ukrainian team is remarkable, and really gives us a leg up in the FDA approval process. Because of the clinical work they’ve already done, we’re in a different position from somebody who just came up with an idea in the U.S. and is starting from scratch. We have a better idea about how to approach the U.S. clinical trials, which translates into a better chance of success.”

— Dr. Duran Yetkinler, ilaya’s partner in the U.S. venture

Investment opportunity

Our main focus is the U.S. market, which is growing by 20,000 patients annually, or around USD 500 mln. We expect to reach 35% of the market by 2021 and 85% of the market by 2025.

After getting approval from the FDA to start selling products in the U.S., we intend to roll out our project in the EU and China, with a total market of over USD 1 bln. Our business model allows us to reach a net margin of 80-90%. Based on these figures, we expect to reach a valuation of more than USD 800 mln, and return on investment of more than 2,700% in 2021. Token holders will receive distributable profit relative to their share of tokens and will have the opportunity to participate in an exit program.

Read our financial model paper for more details.





All the documents prepared for our Fundraising Campaign are available for download here. Because we are at an early stage of development, the documents will be updated as needed.

Core Team

27502f2253 Duran N. Yetkinler, M.D., Ph.D.

CEO of ILAYA USA CORPORATION and Industry leader. Leading orthopedist, researcher and business developer of AVN treatment on the U.S. market. Held management positions at Skeletal Kinetics LLC, Arthrocare Corp., Norian Corp. Track record includes turnaround and sale of a similar project at a 10x multiple of its recent medical project.

183f2b672c Vitaliy Kriukov

Founder and general coordinator. Director of Ilaya International Group S.L., Spain. MBA, University of Liverpool, MSc Technical Cybernetics

3eb9fb606c Olexii Shershnov

Founder and CEO of ilaya Family Medicine Clinic and ilaya Scientific Research Project. Law Degree, Odessa National University

7405d50dc5 Roman Vasyliev

Co-author of patent, Biologist, biotechnologist. Membership in scientific communities: ISSCR, ISCT and TERMIS. Scientific member of the experimental modelling laboratory of the Institute of Genetic and Regenerative Medicine of Ukraine’s National Academy of Medical Sciences.

797abe311d Volodymyr Oksymets, M.D.

Co-author of patent, Orthopedic and trauma surgeon. Specialist with 25 years of clinical experience. More than 100 transplants performed. Holder of a degree in the use of cell technologies for treating the effects of limb injuries. Co-author of 7 patents.

C53f8c55c8 Dmytro Zubov, Ph.D.

Senior scientific employee, degree in biology, published internationally. Leading scientific employee ofimmunology laboratory of the Institute of Genetic and Regenerative Medicine of Ukraine’s National Academy of Medical Sciences. Co-author of sixteen patents.

0c1cce9b84 Jesús Pérez

Primary project legal consultant. Qualified attorney in Spain. Degree in Economics and Business Administration. MBA in Legal Audit, CEO of Gestion Valenciana, Legal. Statutory Auditor. Experience in China, U.S., Ireland since 2007

6e6efee71d Nathaniel Espino

Founding partner of Aldgate Strategy Group, a financial communications agency. Two decades of experience as a journalist and financial editor in central Europe and Greater China.