Company type | Public |
---|---|
Industry | Medical equipment |
Founded | July 22, 1992 |
Headquarters | , |
Revenue | US$ 0.39 million (2011) |
US$ –12.34 million (2011) | |
US$ –12.63 million (2011) | |
Subsidiaries | Spring Health Solutions Ltd. Spring-Set Health Solutions Ltd. |
Website | dmedicalindustries |
Footnotes /references [1] |
D. Medical Industries Ltd. is a publicly traded holding company, headquartered in Israel, that develops and markets insulin pumps and infusion sets through its subsidiary, Spring-Set Health Solutions. Shares of the company are traded on the Tel Aviv Stock Exchange.
D. Medical Industries develops, manufactures and markets insulin delivery devices for patients with diabetes. [2] In 2010, 70% of people with diabetes lived in low- and middle-income countries, with the International Diabetes Federation projecting a 54% increase in the worldwide incidence of diabetes by 2030, particularly outside North America and Europe. According to the former CEO Efraim (Efri) Argaman, D. Medical's products are ideally suited for the developing world on account of their lower production costs: unlike the industry standard motor-and-gear train, D. Medical's technology is spring-based. [3]
D. Medical's competitors include Medtronic, Roche, and Insulet. [4] The company's Spring subsidiary is developing a semi-disposable hybrid patch pump that can be attached to the body or worn as a tubed pump. [5] A year after having obtained ISO 13485:2003 and ISO 9001:2008 certification from the Canadian Medical Devices Conformity Assessment System, in 2012 D. Medical signed an original equipment manufacturer agreement with a South Korea-based worldwide distributor for its Spring Universal Detach Detect Infusion Sets. [6] [7]
The company with which D. Medical was reverse-merged in 2004 was founded in 1992 as Peer Elevators and Industries (92) Ltd. (Hebrew : פאר מעליות ותעשיות (92) בע"מ). In 1994 Peer Elevators changed its name to Ram Tzur (or Ram Zur) Ltd. and went public on the Tel Aviv Stock Exchange. In 2001 Ram Tzur acquired the assets of Aryt Systems, a developer and manufacturer of advanced military equipment, and changed its name to Aryt Systems Ltd. In 2004 Aryt Systems, which had by that time become a shell company on the TASE Maintenance List, was acquired by Yehoshua Hershkovitz and sold to a group of investors comprising Zeev Bronfeld, Gal Erez, Eyal Sheratzky, and Meni Mor. They changed the name of the company to D. Medical Industries and used it to acquire a 73% stake in Nilimed, a Technion Entrepreneurial Incubator company. [9] [10] [11] [12] [13]
In August 2010 D. Medical executed an initial public offering in the United States, raising $10.5 million. [14] The company's shares were listed on the NASDAQ Capital Market until July 2012.
In 2006 D. Medical acquired 72.99% of Nilimedix Ltd. for $1.5 million. Over time it increased its stake in the company until as of 2010 it held 100% of Nilimedix's issued and outstanding share capital. [15] [16]
In 2007 D. Medical acquired 50.01% of Sindolor Medical Ltd. for $800,000. It reverse-merged the company with the shell company Sela Group and renamed it NextGen Biomed Ltd. In August 2011 D. Medical sold its stake in NextGen for $1.6 million. [15] [17] [18]
An insulin pump is a medical device used for the administration of insulin in the treatment of diabetes mellitus, also known as continuous subcutaneous insulin therapy. The device configuration may vary depending on design. A traditional pump includes:
Diabetic ketoacidosis (DKA) is a potentially life-threatening complication of diabetes mellitus. Signs and symptoms may include vomiting, abdominal pain, deep gasping breathing, increased urination, weakness, confusion and occasionally loss of consciousness. A person's breath may develop a specific "fruity" smell. The onset of symptoms is usually rapid. People without a previous diagnosis of diabetes may develop DKA as the first obvious symptom.
Subcutaneous administration is the insertion of medications beneath the skin either by injection or infusion.
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An infusion set is used with devices such as an insulin pump. The purpose of an infusion set is to deliver insulin under the skin, fulfilling a similar function like an intravenous line. It is a complete tubing system to connect an insulin pump to the pump user and as such includes a subcutaneous cannula, adhesive mount, quick-disconnect, and a pump cartridge connector.
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As a medication, insulin is any pharmaceutical preparation of the protein hormone insulin that is used to treat high blood glucose. Such conditions include type 1 diabetes, type 2 diabetes, gestational diabetes, and complications of diabetes such as diabetic ketoacidosis and hyperosmolar hyperglycemic states. Insulin is also used along with glucose to treat hyperkalemia. Typically it is given by injection under the skin, but some forms may also be used by injection into a vein or muscle. There are various types of insulin, suitable for various time spans. The types are often all called insulin in the broad sense, although in a more precise sense, insulin is identical to the naturally occurring molecule whereas insulin analogues have slightly different molecules that allow for modified time of action. It is on the World Health Organization's List of Essential Medicines. In 2021, it was the 179th most commonly prescribed medication in the United States, with more than 2 million prescriptions.
MiniMed Paradigm is a series of insulin pumps manufactured by Medtronic for patients with diabetes mellitus. The pump operates with a single AAA battery and uses a piston-plunger pump to infuse a programmed amount of insulin into the patient through a length of tubing. The Paradigm uses a one-way wireless radio frequency link to receive blood sugar measurements from select glucose meters. The Paradigm RT series adds the ability to receive data from a mated continuous blood-glucose monitor. Although the pump can use these measurements to assist in calculating a dose of insulin, no actual change in insulin delivery occurs without manual user-intervention.
Bruce Bode, MD, FACE is a diabetes specialist with the Atlanta Diabetes Associates in Atlanta, GA and is a clinical associate professor at Emory University in the Department of Medicine. He has served on the board of directors of the Atlanta chapters of the Juvenile Diabetes Research Foundation (JDRF), the American Diabetes Association (ADA), and various Georgia-based diabetes camps. Bode is a member of the board of directors of Glytec and an active member of the JDRF research team validating the efficacy and safety of real-time continuous glucose monitoring (CGMS), and is a former president of the ADA Georgia Affiliate and editor of the ADA's 2004 edition of Medical Management of Type 1 Diabetes.
Glucommander is a computer-directed method of inpatient glucose management.
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החברה הוקמה תחת השם פאר מעליות ותעשיות (92) בע"מ, בינואר 1994 שינתה את שמה לשם רם צור תעשיות בע"מ. בינואר 2001 שינתה החברה את השם לארית מערכות בע"מ, ובינואר 2005 שינתה החברה את שמה לשמה הנוכחי.[ permanent dead link ]
המשקיעים החדשים הזרימו כסף לקופת החברה ורכשו מידי חממת הטכניון כ-73% מחברת נילי מד שעוסקת בפיתוח עזרים רפואיים לטיפול בחולי סוכרת.
בשלהי חודש ינואר השנה השלימה די מדיקל, שבשליטת זאב ברונפלד מני מור ואייל שרצקי, את רכישת חברת נקסט ג'ן לאחר שמזגה לתוכה את פעילות חברת הבת סינדולור אשר פיתחה מזרק ללא כאב.