American Diabetes Association Includes “Disposable Patch-Like Device,” such as V-Go® from Valeritas, in the ADA Standard...
28 Mai 2019 - 1:00PM
Valeritas Holdings, Inc. (NASDAQ: VLRX), a medical technology
company and maker of V-Go® Wearable Insulin Delivery device, today
announced the inclusion by the American Diabetes Association (ADA)
of the use of a “disposable patch-like device” for insulin delivery
in the new Diabetes Technology chapter of ADA’s annual Standards of
Medical Care in Diabetes for 2019, published in Diabetes Care. The
inclusion in this year’s Standards of Care marks the first time
such a device has been incorporated in ADA’s current clinical
practice recommendations.
“It is good news for patients and medical professionals that the
ADA now includes disposable, patch-like devices in its annual
Standards of Medical Care,” said John Timberlake, President and
Chief Executive Officer of Valeritas. “Having a well respected
organization like the ADA recognize the value of a disposable,
patch-like device, such as V-Go, is significant.”
Clinical studies have consistently demonstrated that patients
with type 2 diabetes who have switched from insulin injection
therapy to the simple-to-use, wearable V-Go significantly lowered
blood glucose with less insulin.
Studies have also demonstrated that use of V-Go for insulin
therapy proved to be a more cost-effective delivery option compared
to multiple daily injections using syringes or pens. Standards of
Care is an official ADA position, is authored by the ADA, and
provides all of the ADA’s current clinical practice
recommendations. To update the Standards of Care, the ADA’s
Professional Practice Committee (PPC) performs an extensive
clinical diabetes literature search, supplemented with input from
ADA staff and the medical community at large. Diabetes Care is a
journal produced by the American Diabetes Association, which is
intended to increase knowledge, stimulate research, and promote
better management of people with diabetes. Once a year, the ADA
devotes an edition of its journal to provide clinicians, patients,
researchers, payers, and other interested individuals with the
components of diabetes care, general treatment goals, and tools to
evaluate the quality of care.
About Valeritas Holdings, Inc.
Valeritas is a commercial-stage medical technology company
focused on improving health and simplifying life for people with
diabetes by developing and commercializing innovative technologies.
Valeritas’ flagship product, V-Go® Wearable Insulin Delivery
device, is a simple, affordable, all-in-one basal-bolus insulin
delivery option for patients with type 2 diabetes that is worn like
a patch and can eliminate the need for taking multiple daily shots.
V-Go administers a continuous preset basal rate of insulin over 24
hours, and it provides discreet on-demand bolus dosing at
mealtimes. It is the only basal-bolus insulin delivery device
on the market today specifically designed keeping in mind the needs
of type 2 diabetes patients. Headquartered in Bridgewater, New
Jersey, Valeritas operates its R&D functions in Marlborough,
Massachusetts.
More information is available at www.valeritas.com and our
Twitter feed @Valeritas_US, www.twitter.com/Valeritas_US.
Forward-Looking Statements
This press release may contain forward-looking statements.
Statements in this press release that are not purely historical are
forward-looking statements. Such forward-looking statements
include, among other things, references to Valeritas technologies,
business and product development plans and market information.
Actual results could differ from those projected in any
forward-looking statements due to numerous factors. Such factors
include, among others, the ability to raise the additional funding
needed to continue to pursue Valeritas’ business and product
development plans, Valeritas' expected cash burn rate and its
ability to continue to increase new and total prescription growth,
the effects of the reverse stock split on the trading price of
Valeritas’ common stock, in both the short and long-term; the
inherent uncertainties associated with developing new products or
technologies, the ability to continue to commercialize the V-Go®
Wearable Insulin Delivery device with limited resources,
competition in the industry in which Valeritas operates and overall
market conditions. Statements or claims made by third parties
regarding the efficacy or functionality of V-Go as compared to
other products are statements made by such individual and should
not be taken as evidence of clinical trial results supporting such
statements or claims. Any forward-looking statements are made as of
the date of this press release, and Valeritas assumes no obligation
to update the forward-looking statements or to update the reasons
why actual results could differ from those projected in the
forward-looking statements, except as required by law.
Investors should consult all of the information set forth herein
and should also refer to the risk factor disclosure set forth in
the reports and other documents Valeritas files with the SEC
available at www.sec.gov.
Investor Contacts:Lynn Pieper Lewis or Greg ChodaczekGilmartin
Group646-924-1769ir@valeritas.com
Media Contact:Kevin KnightKnight Marketing Communications,
Ltd.206-451-4823pr@valeritas.com
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