KNOW Bio, LLC., (“KNOW Bio” or the “Company”), a North Carolina developer of nitric oxide-based medical technology and related biotechnology companies, announced today that the Company has acquired Clinical Sensors, Inc, (“Clinical Sensors”) to develop the Company’s technology in the field of diabetes management. Immediately after the acquisition, Clinical Sensors was renamed Diabetic Health, Inc. (“DHI”).
Neal Hunter, Managing Director and CEO of KNOW Bio noted, “Continuing our strategy to expand our technology into therapeutic areas where nitric oxide can be beneficial, the acquisition of Clinical Sensors allows KNOW Bio to take advantage of the work already done by their team while adding distinct capabilities for their on-patient management systems. The team at DHI now has the resources to complete the development of their technology with our proprietary nitric-oxide chemistries. Our shared resource model empowers drug and device developers to focus on what is important to drive nitric oxide technology into the hands of needy patients and ultimately drive value for our shareholders.”
Philippe Chemla, Ph.D, MBA, President and COO of DHI and former CEO of Clinical Sensors stated, “KNOW Bio is the leading developer of nitric oxide releasing materials and the natural partner for our team as we create advanced diabetes management tools for the more than 350 million people worldwide who fight to manage diabetes daily. The KNOW Bio nitric oxide release technology will enable us to develop a new generation of advanced coatings for patient management systems to mitigate the foreign body response in continuous glucose monitoring sensors (CGM) and insulin infusion sets. The stability and biocompatibility of these sensors and insulin infusion sets is incredibly important to the daily lives of patients and advancing the technology in this space will have a significant impact on the $20 billion industry.”
“Not only are the materials ideally suited for applications within the diabetes management space, but we will build upon KNOW Bio company successes in other therapeutic areas. As an example, we will leverage advances in anti-infective solutions in applications for treatments for diabetic foot ulcers,” continued Dr. Chemla. “Our mission to help diabetic patients maximize the potential of on-patient management systems will benefit the estimated 30 million patients living with this disease.”
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KNOW Bio’s Chief Medical Officer, Dr. Stephen DeCherney commented, “This sensor technology is part of the continuing revolution in diabetes care. It was only about 30 years ago that home glucose monitors were introduced requiring a finger puncture and it was only with the publication in 1993 of the results of the Diabetes Control and Complications Trial that we finally knew that controlling blood glucoses reduces the risk of the complications of diabetes. Advancing the sensors which read blood sugar levels would be a huge advance for patients afflicted with diabetes, which is currently about 1 in 12 people in the US.” Dr. DeCherney formerly held a number of positions at Quintiles Transnational Corp. including President of Global Clinical Research and Chief Innovation Officer.
KNOW Bio is based in the Research Triangle Park area of North Carolina and is a nitric oxide life science incubator for operating companies utilizing leveraged drug development models using small teams with high quality service contractors and suppliers.
Source: PR Newswire