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SFC Fluidics is a medical device company whose drug delivery platform can dramatically improve therapy compliance in diabetes. With over $26m in prior funding, including recent grants from the National Institutes of Health and JDRF (formerly known as the Juvenile Diabetes Research Foundation), SFC has created a disruptive drug delivery platform with initial target application for insulin delivery to diabetics. SFC seeks additional funding to accelerate product launch into the diabetes market within twenty months, with substantial valuation increasing milestones and exit opportunities looming.
The Problem: Diabetes costs the US $327 billion each year or about one of every seven of our country’s healthcare dollars. This high cost of diabetes is due in large part to medication non-adherence. More than 70% of patients with diabetes routinely misuse their prescribed medication.
The Solution: SFC is applying its patented drug delivery technologies to the insulin therapy adherence problem. With a notably better performing and lower cost of goods drug pump platform, SFC is well-positioned to become a leader in the insulin delivery market. SFC can offer convenience, discretion and precision; therefore, allowing patients to lead active lifestyles without the burden of interference from their diabetes devices. This comes at an opportune time as the FDA is easing the regulatory pathway to attract newer technologies into this market and wearables (e.g. Apple watch) are expanding to assist with healthcare challenges.
Market Opportunity: SFC is poised to disrupt the $9b insulin delivery industry with a substantially advanced, disposable insulin dosing pump. Though they can provide markedly better clinical outcomes, insulin pumps are used by less than 5% of diabetes patients. This is because current pumps are unwieldy, difficult to use, and expensive. SFC’s patch pump is easier to use, not prone to errors and shortfalls found in existing products, facilitates user compliance, and results in better disease management.