Continuous Gluscose Monitoring Device - Pre Market Asset Sale

San Diego County, CA

Continuous Gluscose Monitoring Device - Pre Market Asset Sale
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Asking Price: $2,000,000

Established: 2013

Continuous Gluscose Monitoring Device - Pre Market Asset Sale

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Asset Sale Description

Wearable Glucose Sensor - Continuous Glucose Monitor. Company founded in 2013. Over $9.5M invested. Patent pending technology intends to provide highest value and accuracy with lowest sensor drift. It is the foundational technology for the artificial pancreas. With 23.1 million diagnosed and an estimated 7.2 million undiagnosed diabetics in the US and 422 million worldwide (WHO, 2014), continuous, prick free monitoring will offer patients and their doctors painless affordable continuous data to monitor and even potentially reverse the disease in pre-diabetic and Type II diabetics. 1st round of clinical trials have been completed following patent filing and extensive research but it's not past risk threshold yet. Continuous Gluscose Monitoring adoption currently represents about 7% of the market but it is expected to grow to perhaps 34% by 2026 with an affordable alternative. Research and Development is based in San Diego, CA. Asking $2,000,000

Detailed Information

San Diego County, CA
Support & Training:
4 weeks
Reason for Selling:
Needs home with buyer who can infuse capital
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Linnea Westlake

Asset Sale Listed By:
Linnea Westlake

Transworld Business Advisors

Sponsoring Broker:
Marshall Pollock CBB CBI

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