Sector News

Novo Nordisk to smarten up its disposable insulin pens with digital diabetes devicemaker Biocorp

October 3, 2021
Life sciences

To make it easier for people with diabetes to track their insulin doses, Novo Nordisk has inked a deal with devicemaker Biocorp to smarten up its line of mass-produced, disposable insulin pens.

Biocorp’s Mallya digital device clips directly onto prefilled insulin injectors and logs delivery amounts and times by linking to a smartphone via Bluetooth. The French company has already been tapped by Roche to connect pens to its diabetes care platform to help share patients’ treatment information with their healthcare providers.

The new deal with Novo Nordisk provides for the reusable Mallya’s eventual distribution after a new version has been proven to work with the company’s FlexTouch insulin pen.

FlexTouch—which carries most of Novo Nordisk’s insulins and will serve as a platform for all new insulins going forward—features a unique, push-button dosing mechanism that required a redesign of the current Mallya device, which previously received a CE mark for use in Europe.

In a statement, Biocorp CEO Éric Dessertenne described the project as a huge recognition of Mallya’s potential, with Novo Nordisk providing almost half of the insulin used worldwide while distributing more than 500 million insulin pens to 30 million users in 2020 alone.

Biocorp is set to receive an upfront payment as well as milestone funding tied to the new device’s development. The exact amounts were not disclosed, but the companies expect to be able to ramp up production starting in 2022.

Earlier this month, Biocorp announced a deal to expand Mallya’s scope, working with Germany’s Merck KGaA to develop a specific version to help monitor injections of human growth hormone among children and teenagers with certain hormone deficiencies.

Over the first half of this year, Biocorp posted an operating loss of about 1.3 million euros, or about $1.5 million U.S., with revenues of 3.8 million euros being outpaced by 5.2 million euros in operating expenses.

Dessertenne said, “the prolonged COVID-19 crisis and Big Pharma’s priority choices have clearly slowed patients’ adoption of Mallya,” and added that its commercial alliances with Roche—as well as a digital insulin pen partnership with Sanofi, launched in late 2019—have had only marginal impacts so far, with their full effects expected to come next year.

by Conor Hale

Source: fiercebiotech.com

comments closed

Related News

October 23, 2021

Novo Nordisk teams with CVS Health on obesity support program ahead of Wegovy DTC launch

Life sciences

As Novo Nordisk gears up to disrupt the obesity market with its newly approved weight-loss drug Wegovy, it is teaming with retail pharmacy giant CVS Health on a new education and nutrition coaching program for people taking anti-obesity meds.

October 23, 2021

GSK-backed Atreca inks license with Gates Medical Research Institute for malaria monoclonal antibody

Life sciences

The terms of the deal were undisclosed, but Atreca received $6 million from the Gates Foundation in 2012 to discover potential treatments for malaria, tuberculosis and HIV. The foundation has also given grant money to other biopharmas exploring malaria treatments, including Exscientia, which secured $4.2 million last year for such work.

October 23, 2021

A record number of biotechs are going public. Here’s how they’re performing.

Life sciences

At the start of the last decade, the IPO markets weren’t receptive to biotech companies. But by 2013, public investment was pouring into the industry, drawn by scientific advances and boosted by the newfound interest of a broader range of investors. Ever since, biotechs and their backers have ridden a multi-year boom. Keep track of them as they happen with this database.

Send this to a friend