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Insulet Receives $60 Million Funding Commitment
Date:3/16/2009

ulin Management System is a revolutionary, discreet and easy-to-use insulin infusion system that features two easy-to-use parts with no tubing and fully-automated cannula insertion. Through the OmniPod System, Insulet seeks to expand the use of insulin pump therapy among people with insulin-dependent diabetes. Founded in 2000, Insulet is based in Bedford, MA.

Forward-Looking Statement

This press release contains forward-looking statements concerning Insulet's expectations, anticipations, intentions, beliefs or strategies regarding the future, including those related to the financing and its impact on the ability of Insulet to execute its business and strategic objectives. These forward-looking statements are based on its current expectations and beliefs concerning future developments and their potential effects on it. There can be no assurance that future developments affecting it will be those that it has anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond its control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to: risks associated with the Company's dependence on the OmniPod System; Insulet's ability to increase customer orders and manufacturing volumes; adverse changes in general economic conditions; Insulet's inability to raise additional funds in the future on acceptable terms or at all; potential supply problems or price fluctuations with sole source or other third-party suppliers on which Insulet is dependent; international business risks; Insulet's inability to obtain adequate coverage or reimbursement from third-party payors for the OmniPod System and potential adverse changes in reimbursement rates or policies relating to the OmniPod; potential adverse effects resulting from competition
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SOURCE Insulet Corporation
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Related medicine news :

1. Insulet Reports Fourth Quarter and Year End 2008 Results
2. Insulet Corporation to Report Fourth Quarter and Full Year 2008 Financial Results on Thursday, March 5, 2009
3. Insulet Corporation to Present at the J.P. Morgan Healthcare Conference on January 14, 2009
4. Insulet Reports Third Quarter 2008 Results
5. Insulet Announces Sponsorship of International Diabetes Federations World Diabetes Day Campaign
6. Sally W. Crawford Joins Insulets Board of Directors
7. Insulet Corporation to Report Second Quarter 2008 Financial Results on Tuesday, August 12, 2008
8. Insulet Corporation to Present at the William Blair & Company 28th Annual Growth Stock Conference on June 19, 2008
9. Insulet Corporation Announces Pricing of $75 Million of Convertible Senior Notes
10. Insulet Corporation Announces Private Offering of $65 Million of Convertible Senior Notes
11. Insulet Announces Development Agreement for the First Non-Diabetes Drug Delivery Application for the OmniPod System
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