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Business
Roche Will Acquire Diabetes Pump Firm
by Michael McCoy
April 19, 2010
| A version of this story appeared in
Volume 88, Issue 16
Roche has agreed to acquire Medingo, a majority-owned subsidiary of the Israeli firm Elron Electronics, for $160 million plus up to 25% more in performance-related milestones. Medingo is developing a semidisposable insulin patch pump designed to allow discreet insulin delivery. Roche says it will prepare to launch the pump by 2012. Roche, which already markets insulin-delivery products, says the global insulin-delivery-system market was worth $1.5 billion last year.
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