GLUCOTRACK SELECTS CIRTEC MEDICAL AS MANUFACTURER FOR ITS IMPLANTABLE CONTINUOUS BLOOD GLUCOSE MONITOR

Rutherford, NJ & Brooklyn Park, MN, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Glucotrack, Inc. (Nasdaq: GCTK), a medical device company focused on the design, development, and commercialization of novel technologies for people with diabetes, today announced the selection of Cirtec Medical Corp, the leading medical device solutions provider of implantable therapies, as manufacturer for the implantable Continuous Blood Glucose Monitor (CBGM). The two companies have signed a development agreement for clinical and commercial manufacturing.

Glucotrack’s CBGM is a long-term, implantable system that continually measures blood glucose levels with a sensor longevity of 2+ years, no on-body wearable component and with a once-only calibration event. The company continues to reach significant milestones, such as the recently announced completion of its first preclinical study in animals.

“Cirtec is a leader in the design and manufacturing of implantable medical devices in the fields of neuromodulation, cardiology and drug delivery. They are a natural fit to be the manufacturer of our CBGM, which leverages their deep experience in implantable technologies and brings it to the diabetes market,” stated Paul Goode, PhD, CEO of Glucotrack. “Their expertise has already contributed extensively to our product design process, and we expect this relationship to accelerate the pace at which this technology becomes available for human clinical trials and then scalable for commercialization.”

Cirtec Medical is a vertically integrated, full-service outsource partner that provides state-of-the-art product design, development, and manufacturing services to a variety of medical device OEMs. Cirtec boasts over three decades of expertise in every phase of the product development lifecycle for complex medical devices. As part of the development agreement, the companies will collaborate to complete development and manufacturing activities to support the first-in-human clinical studies of the implantable CBGM, which are slated for later this year.

“Cirtec is proud to work with Glucotrack, further cementing our expanding role into implantable devices in the diabetes market,” stated Brian Highley, Cirtec CEO. “Our agreement capitalizes on Cirtec’s extensive expertise in implantable medical device design, development, and manufacturing and Glucotrack's innovation in CBGM. Together, we are committed to advancing technology solutions for people living with diabetes worldwide.”