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Medtronic pumps $2 million investment into Israeli company

09 Apr 2015  | Marie Thibault

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Medtronic has signed a global development and license agreement with Israeli company DreaMed Diabetes. The insulin pump-maker plans to use DreaMed's MD-Logic Artificial Pancreas algorithm to improve its glucose control products.

Medtronic has taken steps over the last few weeks to boost its $1.7 billion diabetes business. Last month, the company was one of several investors in Glooko, a diabetes digital health company. Just a few days ago, Medtronic announced its acquisition of Diabeter, a Dutch diabetes clinic and research centre that would allow the company to build an integrated care system for diabetes.

This week's announcement gives DreaMed undisclosed royalties from future sales of any Medtronic products that use the MD-Logic algorithm. In addition, Medtronic has invested $2 million in DreaMed.

MiniMed 530G

MiniMed 530G with Enlite.

DreaMed has the GlucoSitter system, which has received CE Mark approval and used the MD-Logic algorithm. It acts as a go-between from a continuous glucose sensor to an insulin pump, telling the insulin pump how much insulin to deliver in order to maintain good glucose control.

This technology should get Medtronic one step closer to the holy grail for Type 1 diabetics—an artificial pancreas that seamlessly monitors blood glucose and controls insulin delivery based on that feedback. This would prevent hypoglycaemia and hyperglycaemia, when the level of blood glucose is too low and too high, respectively.

In various studies, including one published in The New England Journal of Medicine, the MD-Logic Artificial Pancreas technology has been shown to have a reduced risk of hypoglycaemia.

Medtronic's latest generation insulin pumps, some of which are still in testing, already incorporate some feedback from glucose levels.




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