Intuity Medical Secures $20m Credit Facility
Published On February 28, 2011 |
Intuity Medical, Inc., a Sunnyvale, CA-based company developing innovative technologies in diabetes management, has secured a $20m credit facility from Silicon Valley Bank and Oxford Finance Corporation.
The company intends to use the funds to complete clinical trials and commercialize POGO™, a fully-integrated blood glucose monitoring system, which is designed to give patients with diabetes with greater discretion and flexibility to test when and where they want.
POGO also provides healthcare professionals with an easier way to teach patients how to test their blood glucose and, ultimately, manage their diabetes.
Intuity Medical is led by President and CEO Emory Anderson.