Thursday, March 16, 2023
Nemaura Medical, Inc., a medical technology company focused on developing and commercializing non-invasive wearable sensors and supporting personalized lifestyle and weight reduction programs, today announced that it now includes insulin on the list of drugs under the DuoPack Commercial License Agreement with its licensee, MySugarWatch DuoPack Limited (“MSWDL”).
In September 2021, Nemaura announced a commercial agreement with MSWDL whereby Nemaura’s non-invasive wearable skin patch sensors would be provided as a MySugarWatch-branded “DuoPack” paired with widely used prescription-only medicines for Type 2 diabetes as patent expiry allows. This combination of sensors and medicine would provide a “One Stop Shop,” supported by a holistic care approach using MSWDL nurses and nutritionists, creating a long-term motivational relationship between the individuals and their professional coaches.
The two companies have now agreed to include injectable insulin for the European market as part of this agreement, as patent expiry allows, in addition to the originally agreed upon medicines. It is estimated that as many as 4 million older patients of the approximately 20 million patients in the combined territories of UK and the EU with Type 2 diabetes receive insulin.
“The inclusion of insulin in our agreement with MSWDL means patients with Type 2 diabetes will have access to a CGM-guided insulin dose titration care model that is designed to reduce hypoglycemic episodes and hospital admissions while improving long-term outcomes,” commented Nemaura CEO Dr. Faz Chowdhury. “Moreover, it uniquely avoids a potentially bruised, slow to heal, infection prone, needle induced skin puncture wound in older patients at the site of a CGM sensor skin application. We are eager to provide potential improvements in monitoring and lifestyle for the millions of Type 2 diabetes patients globally.”
Source: globenewswire.com
