Intuity develops a convenient and integrated blood glucose monitoring system and receives $40 million in financing
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. Multi-Viewing Biological Microscope Multi-Viewing Biological Microscope,Multi Viewing Microscope,Binocular Microscope,Trinocular Microscope Ningbo ProWay Optics & Electronics Co., Ltd. , https://www.proway-microtech.com