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VeraLight Announces CE Mark Approval of the SCOUT DS® for Noninvasive Diabetes Screening
Date:7/28/2011

rements. SCOUT DS received Health Canada Licence approval in April 2011 and VeraLight plans for an FDA filing in 2012.

VeraLight Secures $5 Million Series D Financing

VeraLight recently completed a Series D financing to support the SCOUT DS market rollout slated to begin later this year in Canada, India, the Middle East, and select European markets. The funding was led by Psilos Group and CMEA Capital, with participation by other existing investors, vSpring Capital and InLight Solutions.        

"The International Diabetes Federation projects that the prevalence of adults with diabetes will rise from 280 million to over 400 million by the year 2030. Type 2 diabetes accounts for at least 90% of all of these cases and is almost entirely preventable," said Lisa Suennen, Managing Member of Psilos Group and VeraLight Chairman of the Board. "Countries around the world are struggling to find an economical and practical way to screen their citizens for Type 2 diabetes early when there is still time to avoid the disease.  The VeraLight SCOUT DS device is the first product we have seen to enable widespread screening for diabetes that is inexpensive, bloodless, non-fasting, and is more sensitive than cumbersome blood testing.  This is an important product to address a critical public health issue and we are delighted to be involved with it."

About VeraLight

VeraLight is a privately held medical instrumentation company led by former Johnson & Johnson executive, David Van Avermaete. The company's mission is to help stem the tide of the global diabetes epidemic through early detection of the more than 500 million individuals who have undiagnosed diabetes or impaired glucose tolerance, thus enabling initiation of therapies that can prevent diabetes or reduce its complications and associated costs. The company is headquartered in Albuquerque, New Mexico.   For more information and a product vid
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SOURCE VeraLight Inc.
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