Bigfoot Biomedical
The Omnipod maker purchased assets related to Bigfoot Biomedical's pump-based automated insulin delivery technology.
The system was cleared for use among individuals 12 years old and up with Type 1 or Type 2 diabetes on multiple-dose injection therapy.
Pharma giant Abbott led the round with participation from Quadrant Capital Advisors Senvest Capital, Janus Henderson, Cormorant Asset Management and other funders.
Bigfoot has agreed to develop and commercialize new programs that will integrate with Abbott's diabetes management platform.
A diabetes startup that uses artificial intelligence, Bigfoot Biomedical, has just announced that it scored a total of $55 million in Series B equity financing with new investments from Abbott and other existing funders.