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December 18, 2019updated 23 Dec 2019 10:21am

Medtronic acquires digital health startup Klue

Irish medical device maker Medtronic has acquired Klue, a US-based digital health startup, focused on behaviour tracking and change.

Irish medical device maker Medtronic has acquired Klue , a US-based digital health startup, focused on behaviour tracking and change.

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Established two years ago, the startup uses gesture sensing and other behavioural health metrics to determine when a user is eating a meal, providing real-time insights into eating habits.

Medtronic did not disclose financial details of the transaction but said the deal will have no impact on its earnings per share in the fiscal year 2020.

Medtronic plans to integrate Klue ’s technology into its Personalized Closed Loop (PCL) insulin pump system.

Currently, Medtronic ‘s PCL insulin pump system is under development, designed to automate the delivery of insulin in a real-time, personalised and user-friendly manner.

Medtronic anticipates that the acquisition will strengthen the development of PCL technology, which received breakthrough designation from the FDA in February.

Medtronic advanced insulin management division president Alejandro Galindo said: “Bringing Klue and their unique meal detection capabilities into our organisation will accelerate our progress to help people with diabetes live with greater freedom and better health.

“Based on our learnings from a first-generation hybrid closed loop system around the importance of simplifying diabetes management, we believe the Personalized Closed Loop system will be transformational for diabetes management, and the integration of the Klue technology helps clears the path to a true hands-free closed-loop system.”

Furthermore, the company plans to leverage Klue ’s technology to boost analytics and insights for its continuous glucose monitor (CGM) technology to help patients who use multiple daily injections to manage their diabetes.

In June, the University of Virginia’s (UVA) Center for Diabetes Technology (CDT) licensed Klue’s gesture sensing and behavioural analytics software for a proposed clinical trial to further diabetes treatment.

The acquisition of Klue follows Medtronic ’s purchase of US-based surface technology company Titan Spine in June.

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Find the right pricing strategy for your medical device

How do your competitors set prices in different markets? Will reducing your prices win market share from your main competitors? Do you need to position products differently for different markets? To find out, use our Global Brand Pricing tool to achieve optimal pricing for your devices. Detect price changes, understand competitor market positioning, and plan new product launches, by accessing this tool today. It features:
  • A proprietary algorithm that leverages numerous pricing sources, with an emphasis on real-world data
  • Estimates of the likely spread of selling prices per brand and manufacturer, as well as 3-year forecasts for prices
  • Medical device pricing data that can be tracked by market, company, and brand
  • Additional categories that can be built on a custom basis
Use our tool to access competitor pricing strategies across multiple geographies, and various dynamic case studies from the likes of Germany and China, to benchmark yourself against your competitors and future proof your pricing strategies.
by GlobalData
Enter your details here to receive your free Report.

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