Insulet pays Bigfoot Biomedical $25M for pump-based automated insulin delivery technology

Insulet pays Bigfoot Biomedical $25M for pump-based automated insulin delivery technology

Source: 
Medtech Dive
snippet: 

Insulet has paid Bigfoot Biomedical $25 million for pump-based automated insulin delivery (AID) technologies and patents.
Bigfoot initially aimed to develop a pump- and pen-version of its AID system, but has narrowed its focus in recent years. The company’s prioritization of smart pen caps that pair with continuous glucose monitors created an opportunity to cash out of the pump project.