Cracking Open the IPO Window for Pre-Commercial Device Companies
This article was originally published in Start Up
DexCom's is a bellwether IPO: if it holds its value, it could open the door for other pre-commercial device businesses. If it doesn't, it could keep it shut-as it's been since the class of 1995-96 device companies disappointed investors by missing their commercial targets.
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Cygnus is one of 1999's few great turnaround stories. A year ago, it was on the verge of collapse, but now it is about to get FDA approval of the first non-invasive glucose monitor for diabetes. Next, Cygnus needs to find a corporate partner without giving up too much, and to determine the true market potential of its device, the GlucoWatch Biographer, which got approved as an adjunct to, not a replacement for, traditional blood-glucose testing.
Animas's Corp. ambition is the development of an insulin infusion pump and an implantable optical glucose sensor for insulin-dependent diabetes.
No device-related warning letters were released by the US FDA the week of 19 January.