Eternity Healthcare, developers of the needle-free Comfort-in™ injection
system, a pain-free spring loaded pneumatic hypodermic injector which boasts
multiple benefits over standard syringes, is gaining more and more ground in
the broader medical device/diagnostics area lately (strict GMP, ISO 9001 and
ISO 13485 manufacturing compliance), with new products like their gel-based
cooling vest and a noninvasive sugar monitoring device that uses saliva instead
of blood.
As a biopharma which already has firm roots planted in diabetes
management, ETAH’s latest development vector (Feb 4), a saliva-based glucose
monitoring system, could really put this little company on the map as the first
to focus on rolling out an alternative for the painful finger pricking and
blood collection an estimated 28M (and steadily climbing) diabetic Americans
are all too familiar with everyday. With some 200M plus diabetics in the global
aggregate and type 1 and 2 diabetes sufferers all requiring some or many
readings/injections each day, the one-two punch of a pain-free injection system
like Comfort-in, with a saliva-based glucose monitoring device, spells big wins
for ETAH.
The global device market for glucose monitoring alone in 2010 was over
$8.9B and projections indicate that that figure will climb to over $16B this year,
with industry titans like Bayer and Roche dominating the space, yet failing to
innovate around the painful drawing of blood, which happens for type 1
diabetics as often as five times each day. A sugar test using saliva has eluded
developers for some time but the diabetes-focused ETAH looks to be on the right
track utilizing a technology based on analyzing different factors in the saliva
to determine blood glucose levels. Pairing the two products up in a kit will
likely be a huge success for ETAH, especially in the clinical space where
Comfort-in is already on a solid footing as a means of not only avoiding
general needlestick injury or missed veins on the patient, but also increasing
overall patient compliance through a substantial improvement of their
experience.
The quality of care impression patients receive cannot be overstated when
it comes to patients being more likely to turn up for therapies or ask for them
to begin with and factors like faster injection time, as well as decreased risk
from delivery of medication to an unintended site, simply enhance the
Comfort-in profile for practitioners. Momentous development activity for ETAH
of late has been spurred on by the (Oct 30) recent acquisition of Phoenix-based
medical equipment, supplies and accessories distributor, Global Medical
Equipment of America (GMEA), which has a strong hand in the durable medical
equipment space. With a series of good verticals run through a 13-unit sales,
service and distribution network, that recently also saw a complete back-end
overhaul, GMEA ($10M in revenues for 2012) is a superb addition to the
company’s bottom line and the 40M share exchange agreement (Q1 2014 completion)
also sees ETAH moving their HQ down to Phoenix from Vancouver.
The merger certainly has been good for ETAH’s momentum, with the cooling
vest for human and veterinary applications coming out just over a month after
the share exchange agreement’s announcement (Dec 12), as market approval was
successfully obtained for this incredible lightweight vest, which is able to
cool the body’s temperature by over 10 degrees. Designed for comfort as well as
utility, the gel-based technology in the vest is easily activated and then can
be used many times over several days, also helping to prevent dehydration. Use
for firefighters on the job or for construction workers out in the blazing
heat, as well as for the average consumer in their backyard, are all covered by
the complete product line and with a mat/vest version also out for veterinary
use, it has become immediately clear to markets that the ETAH/GMEA marriage is
both a happy and a fruitful one.
Learn more at Eternity Healthcare Inc. online www.EternityHealthcare.com
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