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Medingo to launch its insulin delivery system in the US diabetes market August 10, 2009

Posted by israelhealthcare in Glucose Monitoring, Insulin Delivery system.
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Insulin delivery device startup Medingo is planning to launch its Solo micro pump insulin delivery system in the US diabetes market in the next few months, after it has got a formal clearance from the Food and Drug Administration (FDA) to market its innovative medical device in the American market.

Medingo will also present the Solo system at the American Association of Diabetes Educators Meeting which will take place in August 2009 in Atlanta, USA.

“We are very excited to have received FDA clearance for Medingo’s innovative, miniature, tube-free, insulin delivery system,” commented Arie Mientkavich, Chairman of Medingo. “This is a major milestone for Medingo, which will enable it to progress to the next phase in its development. Medingo is currently considering alternatives for its go-to-market strategy and the timing of the product launch.”

Medingo caters specifically to the needs of insulin-dependent diabetic patients. The company develops a miniature insulin patch pump that uses no tubes, is discreet and simple to use. The insulin patch can be placed under clothing on any desired part of the body without interfering with the patient’s daily activities. The device is comprised of two main units: A miniature patch pump, and a remote control unit, which allows patients to program the system and deliver insulin remotely.

In addition to insulin delivery, Medingo devices serve as platforms for other applications, including pain control and glucose sensing. Medingo’s core technology is based on research and development of Rafael, the principal research and development entity of the Israeli Ministry of Defense.

Medingo, a 50% Elron Electronic Industries company, is headquartered in Yoqneam, Israel. On November 2007, the company has completed financing round of approximately $27 million, jointly led by Elron and Radius Ventures.

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