Wilsonville, OR and Florence, Italy March 28, 2019 – WaveForm Technologies Inc. a wholly owned subsidiary of AgaMatrix Holdings LLC and developer of novel products for continuous glucose monitoring, and A. Menarini Diagnostics S.r.l., a leading diagnostics company, today announced a partnership to commercialize the WaveForm Technologies Continuous Glucose Monitor (CGM).
“We are pleased and excited to work with A. Menarini Diagnostics to bring a new glucose monitoring solution to market that provides the benefits of extended wear time and virtually pain-free insertion, with the real-time data and alerts of a fully-featured CGM,” said John Alberico, CEO of AgaMatrix Holdings LLC. “The relationships that A. Menarini Diagnostics has established with patients and healthcare providers in the diabetes community, and their extensive distribution expertise will positively position us to deliver to key international markets.”
The innovative WaveForm CGM was specifically chosen to integrate within A. Menarini Diagnostics’s connected diabetes care platform. According to the agreement, A. Menarini Diagnostics will perform sales, marketing, training, and customer support for the WaveForm CGM in a long term partnership in territories throughout EMEA and LATAM.
“We are extremely proud to have signed such an important long term partnership that allows us to further expand our diabetes business. With WaveForm Technologies Continuous Glucose Monitoring system, our customers and patients will have a powerful tool to better control and manage blood glucose levels to prevent diabetes complications.” said Fabio Piazzalunga, General Manager and Global Head of A. Menarini Diagnostics S.r.l.
The WaveForm CGM system is based on several pioneering, patented innovations in glucose sensor technology, facilitating a virtually pain-free insertion process, limited interferences, and extended wear time. This agreement establishes the first wave of distribution for the WaveForm CGM system and international commercialization, following WaveForm’s anticipated CE clearance in 2019.
In addition, A. Menarini Diagnostics S.r.l. and AgaMatrix Holdings LLC, are discussing terms to commercialize a Bluetooth enabled blood glucose monitor and future enhancements to the WaveForm CGM.
About AgaMatrix Holdings LLC, and WaveForm Technologies, Inc.
AgaMatrix Holdings LLC is a holding company for two businesses that develop novel and proprietary technologies for diabetes care, AgaMatrix Inc. and WaveForm Technologies Inc.
WaveForm Technologies Inc. discovers and develops novel and proprietary new technologies for diabetes care. WaveForm’s products under development include innovative continuous glucose monitoring sensor technology, related firmware, software and data storage platforms. WaveForm is also developing a proprietary “closed loop” insulin delivery platform designed to provide a complete solution for patients living with diabetes.
AgaMatrix Inc. provides diagnostic technologies for diabetes care, including blood glucose monitoring devices and related firmware, software and data storage solutions. AgaMatrix has developed, manufactured and commercially launched 17 blood glucose monitoring products since the Company’s 2001 inception, and produced over 8 million blood glucose monitors and over 3 billion test strips. AgaMatrix Inc. owns and operates manufacturing and engineering facilities in Salem, NH USA and in Guangdong Province, China.
About A. Menarini Diagnostics S.r.l.
A. Menarini Diagnostics belongs to theMenarini Pharmaceutical Group which was founded in 1886. Today it’s present in 136 countries throughout the world, it counts 17,632 employees and has a 2018 turnover of € 3.6 billion.
For further information, please visit https://www.menarinidiagnostics.com/en-us
Forward-Looking Statements and Historical Financial References
This press release contains forward-looking statements, which provide our current expectations or forecasts of future events. Forward-looking statements include, without limitation:
information concerning possible or assumed future operations, business plans, product development plans or financial results for AgaMatrix Holdings LLC and WaveForm Technologies Inc.;
statements about our potential or prospects for future product sales;
statements about our future levels of operating expenses, or operating profit or loss;
statements about our research and product development activities and schedules;
statements about our future capital requirements and the sufficiency of our cash, cash equivalents, investments and other sources of funds to meet these requirements;
other statements about our plans, objectives, expectations and intentions; and
other statements that are not historical fact.
In some cases, you can identify forward-looking statements by words such as “anticipate,” “believe” or “intend,” but the absence of those words does not necessarily mean that a statement is not forward-looking. Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward- looking statements. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons.
You should not unduly rely on these forward-looking statements, which speak only as of the date of this press release. We undertake no obligation to publicly update any forward- looking statements to reflect circumstances or events after the date of this press release, or to reflect the occurrence of unanticipated events.