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MEDICAL DEVICE INNOVATION - Medical Device Daily

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<strong>MEDICAL</strong> <strong>DEVICE</strong> <strong>INNOVATION</strong> 2010<br />

Luminous still in 510(k)<br />

path with glucose monitor<br />

By OMAR FORD<br />

<strong>Medical</strong> <strong>Device</strong> <strong>Daily</strong> Staff Writer<br />

Imagine being the CEO of a small med-tech company<br />

with a surefire product and nearly $35 million in venture<br />

capital. The company is all set to get the green light from<br />

the FDA and start clinical trials. Then it happens. The FDA<br />

throws the company a curveball and says that the technology<br />

the company is appropriating isn’t something they’ve<br />

dealt with before and they’re not quite so sure how to evaluate<br />

it. The chances of a 510(k) diminish and a PMA seems<br />

to be the only option.<br />

It’s a scenario that small startup Luminous (Carlsbad,<br />

California) faced when it went to get approval for its automated<br />

glucose monitor. Previously, Luminous was planning<br />

to use a sensing technology based on near-infrared spectrometry.<br />

Infrared spectrometry was untested waters when<br />

it came to using a glucose monitor, so that’s where the<br />

issue came with the FDA, the company said.<br />

“The technology worked,” Dave McMahon VP of<br />

Marketing for Luminous told <strong>Medical</strong> <strong>Device</strong> <strong>Daily</strong>. “We<br />

went and met with the FDA over a year ago about the<br />

device. The outcome was that [FDA] said this is technology<br />

that they weren’t sure how to evaluate. They also told us<br />

that if we went that route it was going to be a pretty large<br />

clinical trial that was needed to show efficacy of the device.<br />

The bottom line was that we could go ahead and file the<br />

device for a 510(k) application but it sounded like we would<br />

have had to take the PMA route and a PMA wasn’t in our<br />

timeline. Fortunately for us we had a backup plan.”<br />

That plan included a deal with a major supplier (that<br />

the company hasn’t yet revealed) of electrochemical sensors<br />

for exclusive rights to incorporate its glucose sensor<br />

into Luminous’ automated blood glucose monitor. This sensor<br />

has already been FDA-approved and would put<br />

Luminous in a better position to get its entire product<br />

approved. As of press time the company had not settled on<br />

a name for the device.<br />

“It was not an easy decision for us to make,” McMahon<br />

said. “The company was founded on this technology.<br />

Luminous said that it is preparing for pivotal clinical trials<br />

and a 510(k) application in 2010. If the company has<br />

favorable results in trials and gets an FDA approval, it plans<br />

to launch the device at the end of 2010.<br />

Glucose oxidase electrochemistry has been used to<br />

measure glucose with near laboratory accuracy in point-ofcare<br />

devices for many years. The FDA has recently<br />

expressed concern about the use of test strip-based glucose<br />

meters that are not cleared to manage glucose in hospitalized<br />

patients. The Luminous product is being designed<br />

to automate the process of glucose monitoring while<br />

simultaneously raising the bar for measurement accuracy<br />

at the point of care.<br />

And it has had significant support in funding to do so.<br />

Last year Luminous reported completing a $23.5 million<br />

round Series B financing. Adams Street Partners led the<br />

investment, joined by new investors RiverVest Venture<br />

Partners, and Finistere Ventures. Existing investors De<br />

Novo Ventures and Latterell Venture Partners also participated<br />

in the round.<br />

The company previously completed a $9 million round<br />

of Series A funding in 2005.<br />

“We’re seeking a Series C round in 1Q10 to get us onto<br />

the market,” McMahon told MDD.<br />

To further garner support for the device Luminous will<br />

be displaying it at the Society of Critical Care<br />

Medicine’s (Mount Prospect, Illinois) Post-Congress<br />

Conference to be held in Key West, Florida from January 13th<br />

January 15th, 2010.<br />

If successful the company could become a huge player<br />

in a market with a strong clinical demand for glycemic control.<br />

To date, multiple clinical studies have demonstrated<br />

significant morbidity and mortality benefits from controlling<br />

glucose levels in critical care patients. As a result, clinicians<br />

have rapidly adopted glycemic control procedures<br />

but struggle with inadequate and time consuming manual<br />

methods.<br />

The device would eliminate these time consuming<br />

methods and eliminate a lot of human error introduced into<br />

the process the company says.<br />

(This story originally appeared in the Oct. 19, 2009, edition<br />

of <strong>Medical</strong> <strong>Device</strong> <strong>Daily</strong>)<br />

79<br />

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Copyright © 2010 AHC Media LLC. Reproduction is strictly prohibited.

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