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Devices & Diagnostics

Diabetes medical devicemaker seeks up to $2M

Hygieia's glucose monitoring system would allow diabetics to adjust the amount of glucose they inject without visiting a doctor. The device provides dose-by-dose insulin recommendations based on their body chemistry as well as a blood sample. The product is called the Diabetes Insulin Guidance System, but is often described as a GPS for diabetes, adjusting someone's diabetes goals the way a GPS guides drivers on the road.

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Pharma

Diabetes, cardiovascular drug developer PhaseBio adds $15M

The Philadelphia-area pharmaceutical company hopes for medical breakthroughs in Type 2 diabetes and hypertension. PhaseBio has embarked on Phase I and Phase II testing of its diabetes treatment, Glymera. Another treatment, Vasomera, focuses on hypertension. The $15 million was part of a total $25 million raised by the former Research Triangle Park/Duke University spinoff.

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Devices & Diagnostics

Artificial pancreas up for discussion with the FDA, NIH

The artificial pancreas will be the focus of a public workshop put on by the U.S. Food & Drug Administration and the National Institutes of Health. Such a device would be comprised of a "closed-loop system that would dispense insulin based on real-time changes in blood sugar levels," according to the FDA, and would "provide a better quality of life and glucose control for those who require daily insulin administration."