MEDICAL DEVICE INNOVATION - Medical Device Daily
MEDICAL DEVICE INNOVATION - Medical Device Daily
MEDICAL DEVICE INNOVATION - Medical Device Daily
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
<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 />
To subscribe, please call <strong>MEDICAL</strong> <strong>DEVICE</strong> DAILY Customer Service at (800) 888-3912; outside the U.S. and Canada, call (404) 262-5547.<br />
Copyright © 2010 AHC Media LLC. Reproduction is strictly prohibited.