Medingo gets infusion of cash
This is the first time I've heard of Medingo, they're an Israeli company working on a new insulin patch product.And they've just received $27 million in funding from their parent company.
According to Medingo's chairman
"Medingo is developing a disposable insulin pump that is significantly smaller than the leading pumps on the market. In contrast to current pumps, it resembles a patch rather than a pacemaker. The product has one main competitor, Insulet Inc. (Nasdaq:PODD). Insulet broke through the market for us, and we believe that we have the better product. It's half the volume, and discrete, so it can be worn even with a close-fitting shirt. We also think that the user interface is better."Insulet is the maker of the Omnipod insulin pump.
Has anyone else got information on Medingo? I'd love to know more about this product and its features.
Labels: insulin pump, medingo, news
posted by Bernard @ 12:24 PM
3 Comments
Links to this post
