Company Has $27 Million And A Dream: Less Invasive Testing

Sep 1, 1995

Why would patients veto a device that can monitor glucose levels without the need for blood? Because they had to put the device in their ear. Though technically non-invasive, focus groups found the process unappealing.

So the company that proposed the unfortunate device went back to the drawing board and came up with something new, something promising for those who are sick of daily fingerpricks.

Integ, Inc., formerly InoMet, of Roseville, Minn., is developing a blood glucose monitor that tests not blood, but body water. Since water is present just beneath the skin, the procedure is minimally invasive, not penetrating deep enough to draw blood or touch nerves.

The product, tentatively called Easy Test System, has a solid list of investors interested in funding research, and at this point Integ has about $27.4 million to work with. Though it sounds like a lot, a minimum of $27 million is usually required to get a medical device on the market. MediSense, one of the larger blood glucose meter companies, raised $100 million before it launched its product.

"But [the money we have] will get us into the market," said Mark Knudson, chairman of Integ. "I'm sure we'll have to raise more money once we want to expand the product. Although we have no formal time line, an initial public offering is high on our list of considerations."

Integ is fortunate because the interest of investors is high-the blood glucose meter market is projected to grow 15% annually until the year 2000.

Carol Winslow, an analyst with Vector Securities in Deerfield, Ill., which handled Integ's most recent private placement says, "We looked at all the competitors and no one is as non-invasive as Integ. I think Integ has the next step in technology."

Click Here To View Or Post Comments

Categories: Blood Glucose, Meters, Noninvasive Monitors


Take the Diabetes Health Pump Survey
See What's Inside
Read this FREE issue now
For healthcare professionals only

You can view the current or previous issues of Diabetes Health online, in their entirety, anytime you want.
Click Here To View

See if you qualify for our free healthcare professional magazines. Click here to start your application for Pre-Diabetes Health, Diabetes Health Pharmacist and Diabetes Health Professional.

Learn More About the Professional Subscription

Free Diabetes Health e-Newsletter

Latest
Popular
Top Rated
Print | Email | Share | Comments (0)

You May Also Be Interested In...


Click Here To View Or Post Comments

Comments 0 comments - Sep 1, 1995

©1991-2014 Diabetes Health | Home | Privacy | Press | Advertising | Help | Contact Us | Donate | Sitemap

Diabetes Health Medical Disclaimer

The information on this site is not intended or implied to be a substitute for professional medical advice, diagnosis or treatment. All content, including text, graphics, images, and information, contained on or available through this website is for general information purposes only. Opinions expressed here are the opinions of writers, contributors, and commentators, and are not necessarily those of Diabetes Health. Never disregard professional medical advice or delay seeking medical treatment because of something you have read on or accessed through this website.