Intuity Medical Inc.: Monitor Your Sugar Levels With Ease
Whenever your blood sugar levels increase, insulin is triggered from your pancreas to help regulate them. As a key, insulin opens the door for sugar in the blood to enter cells where it may be used as energy.
But what if there is one tiny device that can save your life by monitoring this level?
Emory V. Anderson came up with the concept for Intuity Medical Inc. in that regard. This platform offers a blood glucose monitoring device that is unobtrusive, easy, and simple to use for checking blood glucose, benefiting millions of people!
Stick around to read more about Emory’s intent to shake up the world of medical appliances.
From Playing Doctors to a CEO
Emory V. Anderson is a graduate of the University of California, Davis, and Santa Clara University, from where he obtained both his bachelor's and master's degrees. From a young age, he was showing an immense interest in medicine, and his dedication led him to his current success.
He is Adeza Biomedical’s founder, a public company that specializes in women's reproductive healthcare. Adeza went public in 2004 and was acquired by Cytyc in 2007 while Emory was still working there. Emory worked as an Executive Vice President and Chief Operating Officer before co-founding Adeza in 1984. While he was in the company's Consumer Electronics Division, he served as Director of Finance.
Emory has worked in the healthcare and consumer electronics industries, as well as in data communications, during his career. But he was always interested in doing something more to help diabetic patients. For digital health and health tech, diabetes management is a hot topic. In September 2008, he was named President and CEO of Intuity Medical Inc, formerly known as Rosedale Medical.
What Exactly Is Intuity Medical Inc.?
Emory is a founder of a company that designs and manufactures blood glucose monitoring solutions for diabetics. Intuity Medical Inc. is not linked with or related to Intuitive Surgical, Inc. in any way.
As a result of the majority of the calories you eat, your body produces sugar, also known as glucose, which is subsequently distributed throughout your body.
Even though diabetes is not a curable condition, losing weight, eating a healthy diet, and exercising regularly may all make a positive impact on the condition. Maintaining a healthy diet, taking prescribed medication, and attending regular doctor's visits are all ways to lessen the burden of diabetes on your life.
Diabetes and chronic condition management, exercise, diet, and weight management as well as stress and resilience are just a few of the topics covered in this coaching session. Certified coaches can assist you even more if you provide them with data from your wearables and fitness programs. Every day of the year, your coach will be available to assist you to succeed in keeping your blood sugar levels on track.
Adults with diabetes account for a staggering 422 million people globally, with the illness ranking as the seventh greatest cause of death in the United States.
As reported by the American Diabetes Association, approximately half of the 29 million diabetic patients in the United States are failing to achieve adequate glycemic control throughout their diabetes treatment. As medical technology and digital health firm, Intuity Medical Inc. aims to enhance the health and quality of life of these individuals.
Using the company's cloud-based blood glucose meter and multi-test cartridge, patients and healthcare providers can detect and manage important patterns and trends.
These affect overall blood glucose control without the need for separate strips and lancets, allowing for a comprehensive approach to monitoring and controlling blood glucose levels.
Introducing the Life-saving Device
This is the first and only FDA-Approved automated blood glucose monitor currently available. With the POGO Automatic Blood Glucose Monitoring System, Intuity Medical has developed a life-saving solution for diabetics.
POGO, is the new device from Intuity Medical that may save you the hassle of dealing with lancets and test strips altogether. This device collects and analyses blood in a single step using ten-test cartridge technology. It is no longer necessary to use a lancet or test strips.
It can be done in a matter of seconds in any location, whether it's at a restaurant table, on a train, or at the gym. When compared to a traditional blood glucose meter, the single-step test offers a more user-friendly experience.
The system is turned on by pushing a button on the device. To run a test with the POGO Automatic Blood Glucose Monitoring System, you must first fill the cartridge and turn on the monitor. The device quickly pierces the fingertip and draws blood.
For individuals with diabetes, POGO Automatic's ease and simplicity will help them overcome the challenges of conventional glucose monitoring and help them meet their glucose level targets.
POGO Automatic and Intuity Medical's Patterns app offers full connectivity through their secure cloud-based digital health metering system.
And with the Patterns App, you can easily and automatically log and organize your test results. To allow customers to conveniently monitor blood glucose readings on their iOS or Android-based phone through Bluetooth, or on their PCs via a USB connection, it syncs POGO Automatic data. Using patterns, you can pick out crucial trajectories. It may even send you and your family notifications in the event of an emergency, like a dropping of your blood sugar.
Who Contributed to Intuity Medical Inc.?
Intuity Medical has a total financial balance of 307.7 million dollars raised in over 18 funding rounds. A total of $12 million was contributed to Intuity Medical's Series D investment by Accuitive Medical Ventures in 2011.
The Food and Drug Administration (FDA) has granted Intuity the green light to commercialize its POGO device as of April 2016. During the same year, they raised $40 million to help get their technology into the hands of Americans.
In 2017, Series C fundraising raised a total of $15 million, while stock and debt financing raised a total of $70 million in 2018. A total of 15 investors have put money into Intuity Medical, and the most recent investors include PTV Healthcare Capital and Accuitive Medical Ventures. Along with current investors such as Investor Growth Capital, U.S. Venture Partners, Venrock, and Versant Ventures, KCK Group has joined as a new investor with lead investor PTV Healthcare Capital and affiliates of Luther King Capital Management.
According to PrivCo, the post-money value of Intuity Medical was between $500 million and $1 billion as of May 30, 2019. Their most recent round of fundraising, a Venture-Series Unknown round, was completed on May 30, 2019.
Intuity Medical has filed to seek $100 million in an initial public offering (IPO), however, the ultimate sum may differ. The company is in the process of commercializing a more convenient medical gadget for diabetics to measure their blood glucose levels.
Intuity Medical Inc. Today
Intuity Medical, Inc., based in Silicon Valley's Fremont, CA, with around 100 employees, sets out to make living with diabetes a little simpler for everyone. LabStyle Innovations, Senseonics Holdings, Access Fintech, and Ivenix are just a few of Intuity Medical’s rivals, getting Emory’s company out of its comfort zone and fend off the competition.
This billion-worth company now provides a live one-on-one coaching session with Certified Diabetes Care and Education Specialists as an alternative to further assist the patients.
Together with your coach, you'll devise a strategy for reaching your objectives one step at a time. Check-ins with your coach once a month will allow them to observe how you're doing and provide ideas on how to enhance your outcomes, thanks to Intuity Medical, everything will be fine.