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    Intarcia gets $225M for trial to revolutionize type 2 diabetes care!

    Eddie
    Eddie
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    Intarcia gets $225M for trial to revolutionize type 2 diabetes care! Empty Intarcia gets $225M for trial to revolutionize type 2 diabetes care!

    Post by Eddie on Tue Apr 28 2015, 14:06

    Intarcia Therapeutics has announced a $225 million investment which will go largely to pay for a planned trial of its once-a-year ITCA 650 pump and drug combination device aimed at revolutionizing the market for type 2 diabetes, establishing it as the standard of care.

    The undisclosed investors in the Boston-based company will get 1.5 percent of future global net sales of the device, with the option to convert that royalty into Intarcia common stock at a $5.5 billion company valuation during an agreed-upon conversion period. Morgan Stanley acted as the agent for the deal.

    Including this investment, the company has now raised more than $1 billion in financing in the last five years, with more expected in coming years in milestone payments.

    “This large and innovative financing announced today is another first-of-its-kind in our industry, and it shows investor confidence in our pivotal data, our partnerships and our overall approach to a huge unmet need and opportunity in type 2 diabetes,” said Intarcia CEO Kurt Graves in a statement.

    Intarcia gets $225M for trial to revolutionize type 2 diabetes care! Intarcia-platform-technology-3*600xx5436-3621-0-0

    More on this story here. http://www.bizjournals.com/boston/blog/bioflash/2015/04/intarcia-gets-225m-for-trial-to-create-new.html?page=all


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    Type two diabetic-low carb diet (50 carbs per day) and two 500mg Metformin pills per day. Apart from diagnosis HbA1c almost 12-all HbA1c results none diabetic. For over eight years my diabetes medication has not changed. My weight has remained stable, I have suffered no ill effects from my diet whatsoever. Every blood test has proved, I took the right road to my diabetic salvation. For almost seven years, I have asked medical professionals and naysayers, how do I maintain non diabetic BG levels on two Metformin other than low carb ? The silence has been deafening !

      Current date/time is Tue Jul 23 2019, 09:54