June 3, 2009

From the News Wire: Medtronic's CGM Move

As Previously Advertised: Medtronic had diabetes announcements at their annual investor meeting.


MINNEAPOLIS - (Business Wire) Medtronic, Inc. (NYSE: MDT) announced today
at its annual institutional investor and analyst meeting that the company
purchased substantially all glucose monitoring assets from PreciSense A/S, a
Denmark-based development company focused on continuous glucose monitoring (CGM)
technology. Specific terms of the acquisition were not disclosed.

“This strategic acquisition is an effort to expand Medtronic’s already
robust continuous glucose monitoring pipeline, and to develop a new CGM platform
to aid development of our ‘closed-loop’ system,” said Diabetes business unit
president and senior vice president at Medtronic, Chris O’Connell. “This
potentially disruptive technology could significantly broaden the use of CGM,
and help improve diabetes care for more patients.”

From PreciSense’s web page:

Non.invasive Glucose Reading
The PreciSense System includes a microcapsule
placement unit and a light detecting non-invasive reader unit. The microcapsule
placement unit poses the right dose of glucose-responding microcapsules in the
upper layer of the skin, painlessly. The glucose assay components in the
microcapsules generate a fluorescence signal that corresponds to the glucose
level. The non-invasive reader unit monitors this glucose binding event through
FRET, Fluorescence Resonance Energy Transfer, which is directly related to the
concentration of glucose.
I am officially not holding my breath for non invasive (or semi non invasive since this sound like you invasively plant a microcapsule but read it non invasively) blood readings. Still this sounds like a promising line of pursuit and all the best to tem if they can be the first people to make some form of non invasive work.

1 comment:

Elissa Morrissette said...

Hi there,

Sorry for posting on here, but I couldn't find your email address!

I work for Diabetes UK and I'm writing because we've just launched a new video about Type 1 diabetes and bullying.
We know it's not always the case, but we've heard from a lot of our young supporters that they have to put up with lots of myths about the condition.

you can see it here www.diabetes.org.uk/record

We'd love to hear what you think about it!

Thanks a lot

Elissa Morrissette
elissa.morrissette@diabetes.org.uk