June 25, 2008

From the News Wire: IDDP Milestone & micro Pumps

Y'all know my interest in JDRF IDDP projects. Well here is some news:

Osiris Therapeutics Inc. (OSIR: News, Chart, Quote ) announced that it has achieved $2 million in milestone payments from the Juvenile Diabetes Research Foundation or JDRF for progress made on a Phase II clinical trial evaluating Prochymal, a mesenchymal stem cell or MSC therapy, for patients recently diagnosed with type 1 diabetes. The payments were triggered when Osiris accomplished certain clinical and regulatory milestones including initiating patient treatments.



Now it would be a real milestone if we the walkers who support JDRF had some transperancy in what these milestones are but hey this is progress.

Diabetes Mine is reporting Debiotech and STMicroelectronics have announced the first “evaluation prototypes” of the unique “highly miniaturized disposable insulin pump” they’ve been working on for several years.