Developed a convenient and integrated blood glucose monitoring system, Intuity Medical recently received $40 million in new financing
Release date: 2016-11-15
Intuity Medical, a veteran diabetes equipment company, recently received $40 million in financing, led by PTV Healthcare Capital, and other investors include subsidiaries of Luther King Capital Management, as well as existing investors Accuitive Medical Ventures, Growth Capital, US Venture Partners and Venrock and Versant Ventures. This round of financing will be used to bring Intuity's Pogo automated blood glucose monitoring system to the US market, which was just approved by the FDA in April.
Founded in 2002, Intuity Medical is headquartered in Sunnyvale, Calif., and currently has a total financing of more than $150 million. It is a popular gold absorbing company in the diabetes market. The company has been committed to simplifying diabetes management by developing independent research and development and innovative technologies to address common blood glucose detection barriers. The core product of Intuity Medical is the POGO system developed. In April of this year, Intuity has received FDA approval for the sale of the POGO Automatic Blood Glucose Monitoring System.
Worldwide, the number of people with diabetes is 420 million, and there are approximately 29 million patients in the United States. Ranked 7th in the United States for diseases that cause death. According to the American Diabetes Association, nearly half of US patients do not have glycemic control in diabetes management.
Intuity has always believed that the blood sugar test should be simplified. In fact, Intuity found in a partner study with Yankelovich that 69% of people with diabetes said they might test more often if the test is simpler. This is why the POGO automatic blood glucose monitoring system was developed to provide an easy to use alternative. POGO is the first blood glucose meter and cloud analysis system that integrates bloodletting, blood collection and analysis to facilitate automatic detection.
Pogo can reduce the hassle of having to carry a large number of test supplies to test blood sugar, and does not require a separate test strip or separate blood collection device. The Pogo consists of a compact blood glucose meter, a test port in the filter system, a blood collection needle, and a blood collection device that allows the user to quickly perform a glucose test in an emergency or even in a public place. During the test, the patient simply punctures the finger and collects a blood sample (0.25 μL) by pressing the test port. The result is displayed after a four second countdown, the user must complete 10 tests, after which the automatic collection box can be discarded.
Emory Anderson, CEO of Intuity Medical, commented: "POGO's unique patented technology has the potential to help change the lives of millions of people who see blood sugar testing as a burden."
In a previous key clinical trial, more than half of the 287 patients reported reported that using POGO allowed them to better perform routine blood glucose testing than existing blood glucose meters. arrangement. By reducing the number of steps and supplies required for testing, POGO can help eliminate some common detection barriers and provide patients with new ways to detect blood sugar.
In diabetes management, strict glucose control can reduce diabetes-related complications such as blindness, kidney and nerve damage by up to 76%. So how do you share data collection? The Pogo system, paired with the Intuity's Patterns Diabetes Management System, allows blood glucose information to be shared between patients and healthcare professionals to detect and manage the patient's overall glucose levels.
"Glucose monitoring is an important part of diabetes management, and people with diabetes do need a simpler test," Intuity CEO Emory Anderson said in a statement, and Pogo is clearly able to bring ease and freedom to diabetes management, and The cumbersome operation and burden of ordinary blood sugar testing has always been one of the main causes of insufficient blood sugar control.
Source: Arterial Network
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