Over the years, a number of companies have worked to minimize the pain of blood testing. (One of them, the former Therasense, was acquired by Abbott Laboratories for $1 billion in 2004.) Now Pelikan Technologies, a Palo Alto, Calif., company whose lineage traces back to Hewlett-Packard Laboratories, is preparing to launch a new electronically controlled device that it claims will virtually eliminate the pain associated with lancing.
[aditude-amp id="flyingcarpet" targeting='{"env":"staging","page_type":"article","post_id":63198,"post_type":"story","post_chan":"none","tags":null,"ai":false,"category":"none","all_categories":"business,","session":"C"}']The Pelikan Sun also supposedly creates a straighter wound that heals more easily, and withdraws the needle more slowly to reduce the amount of damage caused to surrounding tissue. The lancet takes a disk prefilled with 50 needles, which also reduces the time and inconvenience of refilling a lancet pen.
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Pelikan plans to launch its lancet, which is already on sale in Australia and Europe, in the U.S. early next year. The company is also at work on a new device that will combine the lancet with an electronic glucometer that measures sugar levels, in an attempt to reduce the number of items diabetics have to carry around with them. Normally a diabetic must first stick a finger with an injector-style pen device that quickly jabs a tiny needle in and out, then dab the blood on an absorbent treated strip that slots into a glucometer. The company hopes to launch the combined device next year as well.
Pelikan just raised $69 million in a sixth funding round, and pulled in another $20 million in venture debt financing. Investors in the equity round include Clarus Ventures, HBM BioVentures, Global Life Science Ventures, Mannheim Holdings and Bio*One Capital. The debt was provided by GE Capital and Oxford Finance.
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