Developer of testing device to help monitor type 2 diabetes opens $1.7M round

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diabetes finger stick

Daily, at-home blood glucose testing gives diabetics a way to monitor their glycemic control over the short term, and HbA1c testing gives a better picture long-term. Epinex Diagnostics Inc., a company developing a device to give doctors and patients an indication of their glycemic control over an intermediate term, revealed in a regulatory filing last week that it’s secured $318,000 from several investors and could continue raising up to $1.7 million in a private equity offering.

The test is based on glycated albumin. Albumin is a protein in the blood that becomes altered from exposure to excess sugar in the bloodstream. Research has found glycated albumin to be associated with a variety of diabetes complications (PDF) including kidney disease.

Because it has a replacement time of two to three weeks, albumin has been studied as a way to diagnose and monitor diabetes over an intermediate term to fill the gap between daily blood glucose monitoring and once- or twice-per-year hemoglobin A1c testing. Epinex proposes that monthly monitoring gives physicians better insight to modify treatments or identify potential complications earlier.


Glycated albumin testing is available now, but is done through a laboratory. Epinex proposes packaging its technology as a hand-held device. Here’s how it describes the device on its website:

“The test is composed of the G1A™ reader and our proprietary dual-channel test cassette, which is able to simultaneously test for glycated albumin and total albumin. A drop of whole blood is placed on the sample well of the cassette and the cassette is inserted into the reader device. Based on our platform technology, the G1A™ reader automatically quantifies the analyte concentrations on the cassette and gives the G1A™ Index, the ratio of glycated albumin to total albumin in serum. The G1A™ Index shows how well the patients have controlled their level of glycation over the previous month.”

According to the website, one version is being created for use in a doctor’s office at the point of care, and another is being developed for over-the-counter use by patients.

Epinex isn’t exactly a startup. It was founded in 2002, but the Tustin, California, company still has yet to release its first product. A media representative did not respond to a request for an update on the company’s progress.

The American Diabetes Association estimates that 25.8 million Americans have diabetes, and they spend more than $15 billion a year managing the disease.

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Deanna Pogorelc

By Deanna Pogorelc MedCity News

Deanna Pogorelc is a Cleveland-based reporter who writes obsessively about life science startups across the country, looking to technology transfer offices, startup incubators and investment funds to see what’s next in healthcare. She has a bachelor’s degree in journalism from Ball State University and previously covered business and education for a northeast Indiana newspaper.
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