GlucoTrack Announces Preclinical Testing With Implantable Continuous Glucose Monitor
Portfolio Pulse from Benzinga Newsdesk
Glucotrack, Inc. (NASDAQ:GCTK) has commenced preclinical animal testing for its implantable continuous glucose monitor (CGM). The company previously announced positive results from a laboratory-based feasibility study. The preclinical study established that the sensor implant procedure takes approximately 15-20 minutes to perform, does not require sophisticated implant techniques or tools, and had no adverse short-term or long-term effect on the animals. Long-term preclinical studies on sensor performance are expected to start in late Q4 of this year.
October 12, 2023 | 12:37 pm
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Glucotrack's commencement of preclinical animal testing for its implantable continuous glucose monitor (CGM) could potentially boost investor confidence in the company's product development capabilities.
The commencement of preclinical animal testing for Glucotrack's implantable CGM indicates progress in the company's product development. This could potentially boost investor confidence in the company's capabilities, leading to a positive impact on the company's stock price in the short term.
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