A spinout company from the University of Bath, Transdermal Diagnostics, has received £1.1 million in funding following the development of technology to monitor glucose levels.
Taking a finger-prick blood test
Researchers have invented a wearable patch that allows people with diabetes to painlessly and non-invasively monitor their blood glucose levels.
The £1.1 million fund, made up of £800,000 in seed funding and a £300,000 grant from Innovate UK, will advance the team’s work towards commercialisation.
The technology promises to enable people living with diabetes to significantly slow down, or even prevent, the progression of the disease by monitoring blood glucose levels around the clock in a completely painless manner.
The patch will sample glucose through the skin and will eliminate the need for the poorly tolerated finger-prick blood test. Readings will be transmitted wirelessly to a mobile phone.
In March this year, the researchers, led by Dr Adelina Ilie, Dr Luca Lipani, and Professor Richard Guy from the Departments of Physics and Life Sciences at the University of Bath, established the spinout company that will continue to develop the patch.
Following the award of an Innovate UK grant of £300,000 at its inception, Transdermal Diagnostics has closed a pre-seed investment round of nearly £800,000.
The funding round was led by QUBIS, which specialises in innovation-focused spin-out companies, and includes Pioneer Group, Immetric, Bristol Private Equity Club and Science Angel Syndicate.
Dr Ilie, chief scientific officer and director at Transdermal Diagnostics, said: “Our wearable, affordable patch will appeal particularly to people living with Type-2 diabetes and those considered to be pre-diabetic.
“It has great market potential because no such technology currently exists on the market.”
She added: “Developing the patch needed a truly interdisciplinary approach, and it was only made possible by the latest advances across multiple fields, such as advanced nanomaterials, nano- and bio-technology, and machine learning-driven data analysis.
“Scalable methods able to deliver a device like ours on a flexible platform were also essential.”
Dr Lipani, CEO and director of the company, said: “Our technology equips users with the knowledge to manage and make informed decisions about their health, and we’re delighted to have achieved the milestones of spinning-out the company and acquiring the investment needed to move the technology forward.
“We have a great team and I’m confident we will be able to make a tremendous impact on chronic disease management, particularly for those individuals living with diabetes desperate to get rid of those painful finger-pricks for blood sugar monitoring.
Company director Professor Richard Guy added: “The spin-out of Transdermal Diagnostics provides the impetus to develop a revolutionary, affordable and needle-free glucose monitoring technology to inhibit or even arrest the progression of diabetes, enabling those living with the disease to safely and effectively manage and control their blood sugar levels.”
The patented patch technology uses a unique multiplex architecture to sample, via preferential pathways, the fluid that nurtures the living cells of the skin.
This fluid contains glucose at a level that is very similar to that found in the blood. The approach enables the amount of glucose sampled to be detected and quantified non-invasively, without puncturing the skin, thereby avoiding any need for a blood sample.
Drs Jenni Rogers and Phil Brown of the University’s Research & Innovation Services, which supported the creation of Transdermal Diagnostics. Dr Rogers said: “We’re delighted to see Transdermal Diagnostics spin out from the university.
“The technology has great potential to benefit people with diabetes, in particular, and we look forward to seeing its commercial realisation.”
