W.L. Gore announced this week that it is investing in PhysioLogic Devices, a startup developing an implantable intraperitoneal insulin delivery system.
The size of the investment was not disclosed. But it was part of Gore’s Micro-Equity Investment (MEI) program, which provides investments of up to $500,000.
W.L. Gore officials think the company’s more than 60 years in material science competence will help them solve a major technological challenge that implantable insulin delivery systems face: intraperitoneal catheter obstruction.
Get the full story on our sister site Drug Delivery Business News.