Medingo is a medical device start-up that develops micropumps for insulin delivery and other products for diabetics. The Solo micropump is a patch placed on the skin and can remain in place for three months. The insulin container is replaced every three days. The level of drug delivery is maintained by a remote control. The company says that its product is more efficient than other insulin pumps on the market.
The company had hoped to obtain the FDA clearance in 2008. Medingo president and CTO Dr. Ofer Yodfat founded the company. He previously founded and was CEO of MindGuard Medical Devices, which closed down.
Medingo and Elron chairman Arie Mientkavich was pleased to obtain the FDA nod for the tube-free insulin delivery system. "This is a major milestone for Medingo, which will enable it to progress to the next phase in its development. Medingo is currently considering alternatives for its go-to-market strategy and the timing of the product launch," he added.
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