SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

TMC NEWS

TMCNET eNEWSLETTER SIGNUP

WaveForm Technologies Announces Clinical Trial Results For Its Continuous Glucose Monitoring System
[January 11, 2018]

WaveForm Technologies Announces Clinical Trial Results For Its Continuous Glucose Monitoring System


WILSONVILLE, Ore., Jan. 11, 2018 /PRNewswire/ -- WaveForm Technologies Inc., a developer of novel products for diabetes care, today announced it had completed four human clinical trials for its proprietary continuous glucose monitoring ("CGM") system.

The WaveForm CGM system, which is designed to be worn by patients for a 14-day period, consists of several proprietary components: a novel sensor insertion tool and method, a small sensor wire, a specialized polymer coating and a small on-body transmitter. The WaveForm CGM will be compatible with all of the leading smartphone platforms, and will connect via Bluetooth® to provide continuous glucose data directly to a patient's smartphone without the need for an additional receiver.

The WaveForm CGM system was acquired in December 2016 from Bayer Healthcare and iSense CGM Inc., and is based on several important patented innovations, including pioneering sensor technology. The WaveForm CGM system offers several potential advantages as compared to currently marketed CGMs including: rapid, easy and painless on-body sensor insertion, limited interferences (for example, for patients taking acetaminophen), rapid "warm up" time (one hour or less), more frequent glucose measurements (one measure every minute), limited calibrations (average of one per day) and the potential for significantly longer wear life (14 days and longer). The competitive manufacturing cost profile, combined with the longer potential wear life, provides the opportunity to offer CGM to patients at a very attractive per day cost.

WaveForm also has plans to develop an artificial pancreas ("AP") or "closed loop" system that will utilize the WaveForm CGM to direct insulin therapy. Importantly, WaveForm's sole ownership of its CGM sensor, which has traditionally been the most challenging component of diabetes therapy technology to develop, will allow for a "vertically integrated" AP system, differentiating the WaveForm system from virtually all AP systems currently under development. WaveForm's ability to feed raw, high quality CGM signal data directly to an AP algorithm, as opposed to only selected or "scrubbed" summary glucose readings provided by an outsourced CGM partner, has the potential to provide better "intelligence" to an AP system that may more closely reflect variations of a person's individual biology. Development of the WaveForm AP system is expected to commence in 2018.

A total of four human clinical trials were completed by WaveForm for its CGM system in 2017, building upon eight human clinical trials in 292 patients previously conducted by Bayer Healthcare. The studies, one of which included a performance comparison to he Dexcom G5 CGM, enrolled a total of 57 patients across three clinical sites. The study results indicate the current WaveForm CGM system, using an early phase CGM calibration algorithm that will be improved based upon data collected from these preliminary studies, demonstrates accuracy that is consistent with the Dexcom G5.

In the first two clinical studies, sensors were worn for 7 and 10 days respectively. The WaveForm CGM sensor demonstrated a mean absolute relative deviation, or MARD, as compared to a lab reference measurement of blood glucose, of 13.9% and 13.3%, respectively. In the third study, which included 10 subjects who utilized a WaveForm CGM and a Dexcom G5 Platinum Sensor CGM simultaneously, worn for a period of seven days, the WaveForm CGM demonstrated an MARD of 11.1%, as compared to 12.2% for the Dexcom G5. There were no reported safety issues in any of the four clinical trials. Results from the first two clinical trials were recently reported at the Diabetes Technology Meeting in November 2017.

"We believe these clinical trial results support the safety, efficacy and potential of WaveForm's CGM technology, and the commencement of pivotal studies designed to secure commercial approval," said Mihailo Rebec, Ph.D., Chief Technical Officer of WaveForm. "We look forward to commencing additional studies using our improved sensor algorithm in early 2018, which we expect will indicate continued improvements in system accuracy, and to completing pivotal studies that will serve as the basis for seeking approval to market the WaveForm CGM in the European Union." 


WaveForm currently expects to receive CE mark approval for its CGM product candidate in the European Union in 2018, and is planning human clinical trials to support a PMA submission to seek approval to market and sell the system in the United States, potentially as early as 2019.

About WaveForm Technologies, Inc.

WaveForm Technologies Inc. discovers and develops novel and proprietary technologies for diabetes care.  WaveForm's products under development include an innovative continuous glucose monitoring technology, which is currently undergoing human clinical trials, and related firmware, software and data storage platforms.  WaveForm is also developing a proprietary "artificial pancreas" or "closed loop" insulin delivery platform designed to provide a complete solution for patients living with diabetes.

Forward-Looking Statements and Historical Financial References

This press release contains forward-looking statements, which provide our current expectations or forecasts of future events.  Forward-looking statements include, without limitation:

  • information concerning possible or assumed future operations, business plans, product development plans or financial results for AgaMatrix Holdings LLC and WaveForm Technologies Inc.;
  • statements about our potential or prospects for future product sales;
  • statements about our future levels of operating expenses, or operating profit or loss;
  • statements about our research and product development activities and schedules;
  • statements about our future capital requirements and the sufficiency of our cash, cash equivalents, investments and other sources of funds to meet these requirements;
  • other statements about our plans, objectives, expectations and intentions; and
  • other statements that are not historical fact.

In some cases, you can identify forward-looking statements by words such as "anticipate," "believe" or "intend," but the absence of those words does not necessarily mean that a statement is not forward-looking.  Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons.

You should not unduly rely on these forward-looking statements, which speak only as of the date of this press release.  We undertake no obligation to publicly update any forward-looking statements to reflect circumstances or events after the date of this press release, or to reflect the occurrence of unanticipated events.

For Additional Information
Cara Mottolo, AgaMatrix Holdings LLC and WaveForm Technologies Inc.
(603) 328–6000
investors@agamatrix.com

Cision View original content:http://www.prnewswire.com/news-releases/waveform-technologies-announces-clinical-trial-results-for-its-continuous-glucose-monitoring-system-300581563.html

SOURCE WaveForm Technologies, Inc.


[ Back To TMCnet.com's Homepage ]






Technology Marketing Corporation

35 Nutmeg Drive Suite 340, Trumbull, Connecticut 06611 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2018 Technology Marketing Corporation. All rights reserved | Privacy Policy