More than 347 million people are afflicted with diabetes, and the cost of dealing with the disease runs more than 400 billion euros, or $538 billion. The patients need to take both long-acting insulin and fast-acting insulin to keep their blood sugar levels stable, and they need to strictly control their diets and measure the carbs they eat. If you don’t do that, you face a lot of complications that become very expensive to treat. The Mendor kit helps lower the costs of doing all that, Westermark said in a presentation before the Slush tech conference in Helsinki this week.
“You have to have a meter, test strips, a control solution, and lancers,” said Westermark, research project manager at Mendor. “What if you put all of that in one magic box?”
The company is now testing the device with 1,000 diabetics in Finland and it expects to be shipping the device across Europe, selling it for about 30 euros, or $40. They’ve also created Mendor Balance, a cloud-based software platform for both patients and doctors. The cloud service helps patients keep their blood sugar in balance.
“I can measure and upload my results in almost real-time,” Westermark said.
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