Lein Applied Diagnostics Ltd, a Berkshire-based company that is developing a revolutionary new product to measure blood glucose levels in diabetics, has successfully completed a significant fundraising round through Thames Valley Investment Network (TVIN). The funding will enable Lein to produce next generation prototypes and perform clinical testing. The finance secured marks the third deal closed by the TVIN Network in 18 months.
Diabetes is a major problem, with 1.8 million sufferers in the UK and over 170m worldwide. The numbers are predicted to rise dramatically due to an ageing population and the general increase in obesity rates, but diabetes testing remains painful and time-consuming.
Dr Dan Daly, Director of Lein Applied Diagnostics, explained: “Diabetics must measure their glucose levels frequently to monitor and control their condition. They currently do this by taking a blood sample using a finger prick test, which is invasive, painful, carries the risk of infection, and is expensive for the NHS. As the test is uncomfortable, some people do not test themselves as often as they should, increasing the likelihood of complications such as heart disease and blindness.
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