Insulin pump maker Insulet has acquired Automated Glucose Management LLC’s property associated to its automated insulin supply expertise for $25 million.
The businesses have had a longtime partnership since 2016. The Calif.-based firm’s founders consulted with Insulet in the course of the growth of its Omnipod 5 Automated Insulin Supply system.
“AGC performed a crucial function in facilitating the profitable translation of analysis into business by collaborating carefully with Dr. Frank Doyle on the College of California Santa Barbara and with Insulet. It’s thrilling to see expertise come out of the analysis lab and mature right into a business utility that improves the lives of individuals with diabetes,” Eric Benjamin, govt VP of innovation, technique and digital merchandise at Insulet, mentioned in a press release.
That is the second acquisition of property introduced by Insulet this week. The Mass.-based firm additionally acquired property associated to Bigfoot Biomedical’s pump-based automated insulin supply (AID) applied sciences for $25 million.
At-home blood assortment gadget maker Tasso acquired CE Mark certification for its TassoOne Plus, a liquid blood assortment gadget for dwelling diagnostic testing and decentralized scientific trials.
Receipt of the CE Mark permits the Seattle-based firm to increase its providing all through the European market.
Final summer time, Tasso acquired FDA 510(okay) clearance for its patch-like dwelling blood assortment gadget, the Tasso+.
“The demand for handy, patient-centric care is exploding, and Tasso is on a mission to deliver high-quality healthcare into properties worldwide,” Ben Casavant, CEO and cofounder of Tasso, mentioned in a press release. “This CE Mark unlocks clinical-grade liquid blood assortment for decentralized scientific trials and residential healthcare inside the European Union, accelerating and increasing entry to care. Regulatory clearances like this one are a testomony to the standard and security of our merchandise.”
Digital neurotherapeutic firm MindMaze introduced the launch of Izar, a sensible peripheral for sufferers with impaired hand motor perform geared toward enhancing hand dexterity and power.
The hand held gadget can detect faint ranges of a consumer’s finger and hand actions and has accompanying gaming content material for self-training to enhance pinch, dexterous grasp and grip.
Izar is out there within the U.S. and European international locations, reminiscent of France, Germany and Switzerland.
“It is vitally thrilling to have a tool for the hand that has the flexibility of Izar. It may possibly function a controller throughout reach-to-grasp actions, as a coach of grip drive gradation, and as an assessor of dexterity,” Dr. John Krakauer, MindMaze’s chief medical director, mentioned in a press release. “The gadget can also be extremely transportable, so it may be used throughout the continuum of care, which is necessary because the higher limb, and the hand specifically, will get comparatively uncared for in neurorehabilitation.”
