Glucose, Needle-Free Vaccines Hold Promise For Sontra Ultrasound Device
This article was originally published in The Gray Sheet
Sontra Medical expects to complete three early-phase clinical studies on its Symphony Diabetes Management System for continuous glucose monitoring in 2005 as part of an exclusive licensing agreement with Bayer Diagnostics
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Continuous, non-invasive glucose monitoring technology development by Sontra gets a boost from $1.5 mil. exclusive, worldwide license pact with glucose monitor company Bayer. The firms anticipate future collaboration agreements for development and commercialization of a monitor incorporating Sontra's SonoPrep ultrasonic skin permeation and biosensor technologies. Baxter will make the initial payment by Jan. 15, 2004, contingent on several factors, including Sontra achieving $2.5 mil. in stockholder equity by Sept. 30 and raising $1.5 mil. from other parties...
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