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Diabetes

Diabeloop raises $74.9M Series C

June 2, 2022 By Sean Whooley

Diabeloop announced today that it raised approximately $74.9 million (€70 million) in a Series C financing round. LBO France, a private equity player, led the financing round, while Terumo — with which Diabeloop has partnered since 2020 — also participated in the round. Get the full story at our sister site, Drug Delivery Business News.

Filed Under: Big Data, Business/Financial News, Diabetes, Drug-Device Combinations, Funding Roundup, Health Technology, Patient Monitoring, Software / IT Tagged With: Diabeloop

Insulet breaks ground on $200M manufacturing facility in Malaysia

June 2, 2022 By Sean Whooley

Insulet (Nasdaq:PODD) announced the groundbreaking of its new Omnipod manufacturing facility in Malaysia. Acton, Massachusetts–based Insulet’s Johor Bahru, Malaysia-based manufacturing facility will produce its Omnipod automated insulin delivery system and strengthen the company’s global manufacturing capabilities. Get the full story at our sister site, Drug Delivery Business News.

Filed Under: Business/Financial News, Diabetes, Drug Pumps, Drug-Device Combinations, Featured, News Well Tagged With: Insulet, Malaysia

Beta Bionics looks to reduce ‘cognitive burden’ for those with diabetes with bionic pancreas

June 1, 2022 By Sean Whooley

Beta Bionics’ iLet bionic pancreas offers insulin therapy without some of the hurdles associated with treating diabetes. Users of insulin pumps may be used to a certain regimen associated with managing their diabetes. That can include carbohydrate counting, setting basal rates and more. Beta Bionics has set out to change that. With the Concord, Massachusetts-based company’s […]

Filed Under: Business/Financial News, Clinical Trials, Diabetes, Drug Pumps, Drug-Device Combinations, Patient Monitoring Tagged With: Beta Bionics

Dexcom quashes talk of Insulet merger, says discussions are not ongoing

May 31, 2022 By Sean Whooley

Dexcom (Nasdaq:DXCM) today issued a statement denying recent rumors of a potential merger with Insulet (Nasdaq:PODD). Last week, reports circulated saying talks over a potential acquisition were ongoing,  with an agreement between the two diabetes technology developers on the horizon in the coming weeks. On the back of the Dexcom statement, DXCM shares were up 7% at $308.87 […]

Filed Under: Business/Financial News, Diabetes, Drug Pumps, Drug-Device Combinations, Featured, Mergers & Acquisitions, News Well, Patient Monitoring Tagged With: Dexcom, Insulet

FDA clears Abbott’s next-gen FreeStyle Libre 3 14-day CGM

May 31, 2022 By Sean Whooley

Abbott (NYSE:ABT) announced today that it received FDA clearance for its next-generation FreeStyle Libre 3 continuous glucose monitor. FDA clearance for the latest iteration of the company’s FreeStyle Libre platform — designed as the smallest and thinnest CGM sensor in the world — covers use by people 4 years of age and older living with diabetes. […]

Filed Under: Business/Financial News, Diabetes, Drug-Device Combinations, Featured, Food & Drug Administration (FDA), News Well, Patient Monitoring, Regulatory/Compliance Tagged With: Abbott, FDA

Medtronic ‘hopeful’ on FDA clearance for next-gen diabetes tech in FY 2023

May 26, 2022 By Sean Whooley

The Medtronic (NYSE:MDT) diabetes business sputtered in the fourth quarter but could be bolstered by a major regulatory nod this year. The Fridley, Minnesota-based company saw revenues for its diabetes arm fall by 7.7% year-over-year in the fourth quarter amid overall misses on both sales and adjusted earnings per share compared to Wall Street’s expectations. […]

Filed Under: Business/Financial News, Diabetes, Drug Pumps, Drug-Device Combinations, Featured, Food & Drug Administration (FDA), MassDevice Earnings Roundup, Patient Monitoring, Regulatory/Compliance, Wall Street Beat Tagged With: Medtronic

Bigfoot Biomedical adds former Insulet VP as chief commercial officer

May 26, 2022 By Sean Whooley

Bigfoot Biomedical announced today that it appointed former Insulet executive Matt Rainville as its chief commercial officer. Rainville’s role includes leading the growth of Milpitas, California–based Bigfoot Biomedical’s fully commercial Bigfoot Unity diabetes management program as the company looks to expand access to its offerings. Bigfoot Unity aims to simplify CGMs and the data they produce […]

Filed Under: Business/Financial News, Diabetes, Drug Pumps, Drug-Device Combinations, Featured, Health Technology, News Well, Patient Monitoring, Software / IT Tagged With: Bigfoot Biomedical, Personnel Moves

Glucose monitor maker Know Labs expands leadership team

May 24, 2022 By Sean Whooley

Non-invasive glucose monitor developer Know Labs (OTCQB:KNWN) announced today that it added two executives to its leadership team. Seattle-based Know Labs — which aims to make the first non-invasive glucose monitor cleared by the FDA — added Steven Kent as its new chief product officer, along with Peter Conley as its CFO and SVP of […]

Filed Under: Business/Financial News, Diabetes, Drug-Device Combinations, Health Technology, Patient Monitoring, Software / IT Tagged With: Know Labs, Personnel Moves

How Glytec is advancing insulin management in the hospital

May 24, 2022 By Sean Whooley

Growth and new partnerships have Glytec excited for the future of its Glucommander insulin dosing decision support software. After years of running a hospitalist group and mentoring hospitals on quality improvement, blood clot prevention and more, Dr. Jordan Messler found himself falling into a lot of work on diabetes. Messler cut his teeth on quality improvement around […]

Filed Under: Business/Financial News, Diabetes, Digital Health, Drug-Device Combinations, Health Technology, Hospital Care, Patient Monitoring, Software / IT Tagged With: Glytec

Report: Dexcom in talks to acquire Insulet

May 23, 2022 By Sean Whooley

Major players in the diabetes space could join forces as Dexcom (Nasdaq:DXCM) is reportedly in discussions to acquire Insulet (Nasdaq:PODD). Bloomberg reported today that people “with knowledge of the matter” have said talks are ongoing over a potential acquisition and even said an agreement could be reached “in the coming weeks.” Bloomberg’s sources preferred to remain anonymous […]

Filed Under: Business/Financial News, Diabetes, Drug Pumps, Drug-Device Combinations, Featured, Mergers & Acquisitions, Patient Monitoring Tagged With: Dexcom, Insulet

Labcorp launches at-home collection device for diabetes risk testing

May 17, 2022 By Sean Whooley

Labcorp (NYSE:LH) announced today that it launched an at-home collection kit that measures HbA1c from a small blood sample. Burlington, North Carolina-based Labcorp’s first-of-its-kind diagnostic offering uses a collection device from Weavr Health and is offered through its Labcorp OnDemand platform. Get the full story at our sister site, Drug Delivery Business News.

Filed Under: Blood Management, Business/Financial News, Diabetes, Diagnostics Tagged With: LabCorp, Weavr Health

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