Business Daily Media

Business Marketing

.

Phillips-Medisize Teams with GlucoModicum to Develop an Innovative Needle-Free Continuous Glucose Monitor

  • First-of-its-kind, non-invasive continuous glucose monitor (CGM) was designed leveraging Phillips-Medisize extensive medical device design and development expertise
  • Phillips-Medisize's proven experience in human-centered product design, electronics, connectivity, software, manufacturability and regulatory compliance will drive commercialization

HUDSON, WI - Media OutReach – 4 October 2023 - Phillips-Medisize, a Molex company, and a leader in the design, engineering and manufacturing of pharmaceutical drug delivery, invitro diagnostic and medtech devices, has teamed with GlucoModicum, an innovative medtech company based in Finland, to design and eventually commercialize a proprietary non-invasive, wearable device that removes technology and patient-care roadblocks to continuous glucose monitoring (CGM).

GlucoModicum-Case-Study-Press-Release-1050x650.jpg

"We wanted to create a solution that is needle free, accurate and more affordable so people would better monitor their glucose," said Jokke Mäki, managing director of GlucoModicum. "Working with Phillips-Medisize, we applied compelling science to develop a world-class product that may help billions of people better manage their diabetes."

Accelerating the Product Innovation Journey
In seeking a more convenient, rapid and gentle CGM alternative, GlucoModicum discovered that magnetohydrodynamic (MHD) technology could be used to apply a small amount of energy directly to interstitial fluid—the body fluid between blood vessels and cells—to drive it to the surface of the skin for quick and easy extraction of a glucose sample.

While their scientists conducted rigorous research, GlucoModicum sought an experienced contract development and manufacturing organization (CDMO) to assist in realizing their vision for a new device, called Talisman. This device is designed to adhere to a patient's arm, and integrates the MHD technology, ultra-sensitive biosensors and advanced algorithms while connecting to a smartphone app for data collection and reporting. The device is not yet FDA approved and does not have the CE mark.

In developing the Talisman, Phillips-Medisize applied special expertise in industrial design, mechanical and electrical engineering, connectivity, material science, miniaturization, supply chain management, software development, manufacturing, testing, quality assurance and regulatory compliance.

"We started with ideas, concepts and drawings," said Homer Fairley, business development manager for Phillips-Medisize. "The day we provided the finished sample product to GlucoModicum was a moment of celebration for both parties, as it really brought the possibilities to life. Now that there is a proven concept, we look forward to the opportunity to leverage Phillips-Medisize's high-volume manufacturing capabilities to produce hundreds of millions of units on time and in a cost-effective manner. That's a big benefit to this project."

In November 2022, GlucoModicum published results of the safety, efficacy and effectiveness of its proprietary MHD technology in Scientific Reports, based on glucose tolerance tests conducted on five healthy volunteers. The results further supported previously published data that demonstrated GlucoModicum's MHD technology and biosensor solution was 13 times more effective than other needle-free approaches tested in extracting interstitial fluid from the skin. Additional testing of the five healthy volunteers revealed that Talisman's biosensor is eight times more sensitive to glucose molecules than comparative biosensors on the market.

Since a CGM informs treatment decisions, the clinical efficacy and documentation required by notified bodies and similar regulators, such as Food and Drug Administration (FDA) and Pharmaceutical and Medical Device Agency (PMDA), are critical to planning a successful launch. The Phillips-Medisize Design and Development team offers its medical customers regulatory capabilities customized to each company's needs—from regulatory documentation to guidance on device classification, risk assessments and device-specific submission requirements for regulatory bodies. In this case, Phillips-Medisize counseled GlucoModicum on what will be required for submissions to regulatory bodies in the markets where the company plans to launch this device. The GlucoModicum team found the advice and regulatory knowledge insightful and beneficial to their commercial launch plans.

Preparations are underway to leverage Phillips-Medisize's global manufacturing footprint, extensive supply chain network and advanced assembly automation capabilities to produce hundreds of millions of devices and biosensors once in-depth clinical studies and regulatory approval are completed. Together, the companies are also beginning to explore other potential uses of this innovative technology to support management of other diseases.

Supporting Resource

Hashtag: #Molex #PhillipsMedisize

The issuer is solely responsible for the content of this announcement.

Phillips-Medisize Brings Possibilities to Life

Phillips-Medisize, a Molex company, collaborates with leading pharmaceutical, medical technology and invitro diagnostic companies to design, engineer and manufacture life-saving innovations. In addition, the company's specialty commercial business supports automotive, consumer and defense industries. A contract development and manufacturing organization (CDMO), Phillips-Medisize leverages its 60 years of expertise and globally renowned capabilities to collaborate with customers to deliver products and solutions that annually help millions of patients, healthcare professionals and individuals live healthier, more productive lives.

About Molex

Molex is a global electronics leader committed to making the world a better, more-connected place. With presence in more than 40 countries, Molex enables transformative technology innovation in the automotive, data center, industrial automation, healthcare, 5G, cloud and consumer device industries. Through trusted customer and industry relationships, unrivaled engineering expertise, and product quality and reliability, Molex realizes the infinite potential of Creating Connections for Life. For more information, visit .

News from Asia

Prince Holding Group's Chen Zhi Scholarship Clinches Silver Stevie for CSR Excellence at Asia-Pacific Stevie Awards

PHNOM PENH, CAMBODIA - Media OutReach Newswire - 25 April 2024 - Prince Holding Group, one of Cambodia's leading business groups, has clinched the Silver Stevie® Award for Innovative Achievement i...

PolyU forms global partnership with ZEISS Vision Care to expand impact and accelerate market penetration of patented myopia control technology

HONG KONG SAR - Media OutReach Newswire - 25 April 2024 - The Hong Kong Polytechnic University (PolyU) is partnering with ZEISS Vision Care, one of the world's leading manufacturers of eyeglass le...

Salmon Expands Payment Channels with ECPay Partnership

MANILA, PHILIPPINES - Media OutReach Newswire - 26 April 2024 - Salmon Group Ltd ("Salmon"), a leading financial technology group dedicated to improving access to credit, savings, and investments ...

World Intellectual Property Day: OPPO Maintains Top 10 Global IP Ranking for Fifth Consecutive Year

In the "OPPO Innovation and Intellectual Property White Paper", OPPO reaffirms its long-term commitment to innovation and its proactive defense intellectual property strategy...

Successful Conclusion of "Study in Hong Kong" India Education Fair: Opening Doors to Global Education Opportunities

Highlighted academic excellence and learning opportunities from eight leading government-funded universities in Hong Kong. Aimed to foster global collaborat...

Techcombank and Backbase Win ‘Best Digital CX Partner - SME Bank’ at the Digital CX Awards 2024

Techcombank achieves 246% growth in active digital business banking users leveraging on Backbase Engagement Banking Platform SINGAPORE - Media OutReach Newswire - 26 April 2024 - Backbase, the g...

Aitrasound® Medical Group Announces Completion of a Pre-A Financing Round of Nearly 60 Million Hong Kong Dollars

Launching New Brand Aitrasound® and an AI Medical Imaging Product Line HONG KONG SAR - Media OutReach Newswire - 26 April 2024 - Recently, Aitrasound® Medical Group (Telefield Medical Imaging Lim...

ZUHYX Drives Cryptocurrency Knowledge Popularization and Builds a Journey of Intelligent Trading

NEW YORK, USA - Media OutReach Newswire - 26 April 2024 - Recently, the global top-tier cryptocurrency exchange ZUHYX announced that it will launch a series of innovative research and educational ...

BioMed Technology Among Pioneering Recipients of Investment from CUHK Innovation Limited for Microbiome-based Healthcare Solutions

HONG KONG SAR - Media OutReach Newswire - 26 April 2024 - BioMed Technology Holdings Limited ("BioMed"), a start-up founded by CUHK professors and alumni, announced an investment received from CUH...

CapBridge Shares Insights on the Recent Launch of Digital Asset ETFs in Hong Kong

SINGAPORE - Media OutReach Newswire - 26 April 2024 - CapBridge, a leading investment syndication and financial products platform based in Singapore, has shared their comments on Hong Kong's recen...

Popular

Technology to provide lifeline to Australian businesses as 82% report budgets slashes

New HubSpot research reveals 99% of marketers are experiencing growth challenges as smaller businesses disproportionately impacted by budget cuts as talent war wages HubSpot, the customer relationship management (CRM) platfor...

Tokio Marine HCC releases new claims data highlighting vital role insurance plays in supporting the M&A sector

Despite the marked turndown in mergers and acquisitions (M&A) activity over the last 12 months, new data released today shows that take-up of Transaction Risk Insurance (TRI) continues to grow as confidence in its ability to...

The big switch: 5 important tips for cloud newcomers

Making the switch to cloud is like beginning a robust fitness routine: the changes are subtle at first, but after time they combine to make comprehensive systematic improvements. Basically, it’s a highly positive change, an...