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University of Florida Startup Launches Million-dollar Indiegogo Campaign to Eliminate Painful Needle Injections for Insulin
Date:8/4/2014

Gainesville, FL (PRWEB) August 04, 2014

A University of Florida biotech spinoff has launched an Indiegogo campaign to raise $1,000,000 to advance development of their groundbreaking needle-free, temperature stable insulin patches. These patches are expected to replace billions of painful needle injections every year and improve the lives patients around the world with Type I and Type II diabetes as well as those who are pre-diabetic.

Founded by former faculty at UF and Harvard Medical School, Stephen Hsu, MD-PhD, Prometheon Pharma seeks to improve not only individual patients’ lives, but also significantly reduce the burden of healthcare costs on nations and society.

“Diabetes and prediabetes is a global epidemic. The treatment method has not made any significant improvements since 1922 with patients needing at least one needle prick per day to as many as five or six,” said Dr. Hsu. “They have to carry these needles everywhere they go and if they so much as miss one dose, the outcome can be very dangerous.”

Prometheon Pharma hopes that the Indiegogo funding (http://www.igg.me/at/nopricks) will support costly studies that will allow the company to apply for FDA approval to begin clinical trials on humans.

“We are ready to rapidly move through all the required testing to get into Phase I clinical trials. We chose Indiegogo because we also want to raise public awareness of the personal impact of diabetes alongside the breakthrough technology of the patch. Advocating for patients is a very important mission for us,” said Hsu.

The Indiegogo campaign will run until September 8th and offers perks for funders supporting this sustainable healthcare initiative.

Prometheon’s goal is to have the patch available to pati
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