www.fdanews.com/articles/172899-cequr-announces-100-million-in-financing-for-insulin-infusion-device
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CeQur Announces $100 Million in Financing for Insulin Infusion Device
September 2, 2015
Switzerland-based diabetes device maker CeQur has secured $100 million in a Series C financing that will support preparation of the 2016 launch of PaQ, the company’s second-generation three-day insulin infusion device.
The financing will fund clinical and regulatory activities, manufacturing scale-up and commercial operations.
PaQ is patch-like device that offers an alternative to insulin injections for people with type 2 diabetes.
CeQur says it will have completed three clinical studies among patients transferred from insulin injection therapy prior to the product’s launch. — Michael Cipriano