Daily Newsletter

18 August 2023

Daily Newsletter

18 August 2023

Nemaura receives SFDA approval for wearable glucose sensor

Nemaura has filed a PMA with the US FDA for the flexible CGM device.

RanjithKumar Dharma August 18 2023

Nemaura Medical has received approval from the Saudi Food and Drug Authority (SFDA) for its non-invasive wearable glucose sensor, sugarBEAT.

This approval follows more than a year of partnership with the SFDA through the company's licensee in the Middle East, TPMENA, from which Nemaura previously received a provisional purchase order for 1.7 million sensors and 17,000 devices.

The company will now work with TPMENA to start fulfilling this purchase order.

sugarBEAT, an approved Class IIb medical device with a CE mark, offers practical insights from continuous glucose monitoring and daily glucose trends.

These insights can support individuals dealing with diabetes and pre-diabetes in enhancing their diabetes management, potentially reversing its effects and even preventing its onset.

Nemaura has filed a premarket approval application (PMA) with the US Food and Drug Administration (FDA) for this flexible continuous glucose monitor device.

The company is also currently commercialising proBEAT, a general wellness offering within the BEAT diabetes programme.

It integrates artificial intelligence (AI)-processed non-invasive glucose information with a digital healthcare subscription service. The combination is currently in pilot studies.

Furthermore, Nemaura has commenced a beta study of Miboko, a programme that utilises a non-invasive glucose sensor and an AI mobile app to assist users in comprehending the effects of specific foods and lifestyle choices on their metabolic health and well-being.

Digital transformation of the healthcare industry is driving the demand and development for precision and personalized medicine

Per GlobalData estimates, the precision and personalized medicine market is expected to achieve a CAGR of more than 43% between 2022 and 2029. The digital transformation of the healthcare industry is driving the market demand. For example, advances in biomarker testing with NGS are improving patient selection, use of AI in identifying trends in big datasets is accelerating the time from drug discovery to commercialization, and the use of Industry 4.0 technologies is improving the quality and efficiency of manufacturing complex drugs such as cell and gene therapies.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close