Core Insights - Glucotrack, Inc. is participating in the FORGETDIABETES initiative to develop a long-term automated insulin delivery system for optimal glucose control without patient intervention [1][2] - The FORGETDIABETES initiative is funded by the European Union's Horizon 2020 program, which has a budget of €75 billion for various research and innovation projects [2] - The initiative aims to create a bionic pancreas that alleviates the daily management burden of type 1 diabetes, transforming it into a more manageable lifestyle condition [3][4] Company Overview - Glucotrack focuses on designing, developing, and commercializing novel technologies for diabetes management, including a Continuous Blood Glucose Monitor (CBGM) [6][7] - The CBGM is a long-term implantable system with a sensor longevity of 3 years, requiring minimal calibration and no on-body wearable component [7] Initiative Details - The FORGETDIABETES initiative includes various participants, such as the University of Padova, BioRobotics Institute, and several health institutions across Europe [4] - The initiative aims to integrate Glucotrack's CBGM into automated insulin delivery systems, enhancing diabetes management [4]

Core Insights - Glucotrack, Inc. has entered into a collaboration with OneTwo Analytics AB to enhance the clinical study data analysis of its Continuous Blood Glucose Monitor (CBGM) using AI and machine learning technologies [1][3] - The CBGM is designed to provide real-time blood glucose readings directly from blood, offering a more accurate and less intrusive monitoring solution compared to traditional continuous glucose monitors [2][6] - The partnership aims to create a comprehensive ecosystem for diabetes management, integrating blood glucose insights, risk stratification data, and patient engagement tools [3][7] Company Overview - Glucotrack, Inc. focuses on developing innovative technologies for diabetes management, specifically a long-term implantable continuous blood glucose monitoring system [5][6] - OneTwo Analytics specializes in AI-driven healthcare solutions, particularly in diabetes data analysis and technology stack development [7][8] Product Features - The CBGM is a long-term implantable device with a sensor longevity of three years, requiring minimal calibration and having no external components [2][6] - This device aims to provide continuous and accurate blood glucose monitoring, enhancing the convenience for users [2][6] Strategic Goals - The collaboration with OneTwo Analytics is expected to leverage their analytics expertise to quantify the long-term benefits of the CBGM technology [3] - Both companies aim to revolutionize diabetes management by delivering an end-to-end solution for healthcare providers and patients [3][7]

Financial Performance - Glucotrack reported a net loss of $22.6 million for the full year 2024, compared to a net loss of $7.1 million in 2023, reflecting an increase in operating expenses and non-cash losses [8]. - Research and development expenses rose to $9.5 million in 2024, up from $4.7 million in 2023, primarily due to increased product design and pre-clinical study activities [6]. - Cash and cash equivalents increased to $5.6 million as of December 31, 2024, compared to $4.5 million at the end of 2023, with a pro forma cash position of $11.9 million after accounting for first quarter 2025 financing [9][10]. Funding and Development - The company secured $16.3 million in funding from multiple rounds between November 2024 and March 2025, providing necessary runway for product and clinical development milestones in 2025 [4]. Clinical Studies and Approvals - The first human clinical study of the continuous blood glucose monitor (CBGM) was successfully completed, meeting its primary endpoint with no serious adverse events reported [3]. - Anticipated FDA approval for Investigational Device Exemption (IDE) for the CBGM technology is expected in Q4 2025 [1]. - The company plans to commence a long-term multicenter feasibility study of the fully implantable CBGM system in Australia in Q2 2025 [5]. Compliance and Certification - The company received ISO 13485:2016 certification, demonstrating compliance with global standards for medical device design and manufacturing [5]. Leadership and Team Development - Glucotrack appointed several key executives to strengthen its leadership team, including a new Chief Financial Officer and Vice President of Regulatory Affairs [5]. Product Innovation - Glucotrack's CBGM technology aims to provide a fully implantable system with a sensor longevity of 3 years, enhancing convenience and accuracy for diabetes management [21].

Core Insights - Glucotrack, Inc. has successfully transitioned from a preclinical to a clinical stage company, focusing on the development of its continuous blood glucose monitoring (CBGM) technology [2][3] - The company anticipates FDA approval for its CBGM technology's Investigational Device Exemption (IDE) in Q4 2025, which is expected to enhance patient outcomes for those living with diabetes [1][2] Financial Performance - For the year ended December 31, 2024, research and development expenses increased to $9.5 million from $4.7 million in 2023, primarily due to heightened product design and development activities [7] - Marketing, general, and administrative expenses rose to $5.1 million in 2024 from $2.4 million in 2023, driven by increased legal and professional fees [8] - The net loss for 2024 was $22.6 million, compared to a net loss of $7.1 million in 2023, attributed to higher operating expenses and non-cash losses related to debt settlements [9] Cash Position - As of December 31, 2024, cash and cash equivalents were $5.6 million, up from $4.5 million in 2023, with a net increase due to financing activities [10] - Pro forma cash and cash equivalents, adjusted for early 2025 financing activities, were $11.9 million, indicating sufficient funds to support the 2025 operating plan [11][22] Clinical Development - The first human clinical study of the CBGM was successfully completed, meeting its primary endpoint without serious adverse events, confirming the technology's reliability and accuracy [4] - The company received ISO 13485:2016 certification, demonstrating its commitment to high-quality medical device standards [4] Leadership and Advisory Board - Glucotrack has strengthened its leadership team with key appointments, including a new Chief Financial Officer and Vice Presidents for Regulatory Affairs and Clinical Operations, enhancing its capacity for clinical development [12][12] Future Milestones - The company plans to commence a long-term multicenter feasibility study of the fully implantable CBGM system in Australia in Q2 2025 and aims to secure IDE approval for a pilot study [12][12]

Core Insights - Glucotrack, Inc. is set to present safety and performance data from its first-in-human trial of a long-term continuous blood glucose monitoring (CBGM) system at the 2025 International Conference on Advanced Technologies & Treatment for Diabetes (ATTD) in Amsterdam from March 19 to 22, 2025 [1][2] - The CBGM technology allows for real-time glucose monitoring directly from blood, potentially offering greater accuracy without the need for on-body wearables, marking a significant advancement in diabetes management [2][3] Company Overview - Glucotrack, Inc. focuses on the design, development, and commercialization of innovative technologies for diabetes care, currently developing a long-term implantable continuous blood glucose monitoring system [5][6] - The CBGM is designed to be a long-term implantable device with a sensor longevity of three years, providing continuous and accurate blood glucose monitoring without external components [3][6]

Core Insights - Glucotrack, Inc. announced the presentation of safety and performance data from its first-in-human trial of a long-term continuous blood glucose monitoring (CBGM) system at the 2025 International Conference on Advanced Technologies & Treatment for Diabetes (ATTD) [1][2] - The CBGM system is designed to measure glucose directly from the blood, offering real-time monitoring with potentially greater accuracy and without the need for on-body wearables, marking a significant advancement in diabetes management [2][3] - The device is an implantable system with a sensor longevity of three years, providing a more convenient and less intrusive glucose monitoring solution compared to traditional continuous glucose monitors [3][6] Company Overview - Glucotrack, Inc. focuses on the design, development, and commercialization of innovative technologies for diabetes care, currently developing a long-term implantable continuous blood glucose monitoring system [5][6] - The company aims to advance its clinical program with an upcoming chronic implant study following the presentation of findings at the ATTD conference [2][3]

Company Overview - Glucotrack, Inc. is a medical device company focused on the design, development, and commercialization of novel technologies for people with diabetes [5] - The company is currently developing a long-term implantable continuous blood glucose monitoring (CBGM) system [5][6] Key Appointment - Dr. Guillermo Umpierrez has been appointed as a new member of Glucotrack's Medical Advisory Board, effective immediately [1] - Dr. Umpierrez is a Professor of Medicine at Emory University and has extensive experience in diabetes care and clinical research [2] Technology Development - Glucotrack's CBGM system is designed to directly measure blood glucose levels without the lag time associated with traditional continuous glucose monitoring systems [3] - The CBGM system features a sensor life of 3 years, no wearable component, and aims to improve real-time accuracy, longevity, comfort, and supply management [3][6] Clinical Development - Dr. Umpierrez's expertise will be instrumental as Glucotrack advances its CBGM technology through clinical development and into human clinical trials [2] - The company aims to make glucose monitoring less burdensome for individuals living with diabetes [2]

Core Viewpoint - Glucotrack, Inc. has announced a public offering of approximately 2.6 million shares of common stock at a price of $1.15 per share, aiming to raise approximately $3.0 million before expenses [1][2]. Company Overview - Glucotrack, Inc. is a medical technology company focused on developing novel technologies for diabetes management, including a long-term implantable continuous blood glucose monitoring system [5][6]. Offering Details - The public offering is being conducted under a registration statement declared effective by the SEC on October 3, 2024, and is expected to close on or about February 5, 2025, pending customary closing conditions [3][1]. - Dawson James Securities, Inc. is acting as the sole placement agent for this public offering [2].

RUTHERFORD, N.J., Feb. 04, 2025 (GLOBE NEWSWIRE) -- Glucotrack, Inc. (NASDAQ:GCTK) ("Glucotrack" or the "Company"), a medical technology company focused on the design, development, and commercialization of novel technologies for people with diabetes, announced the successful completion of its first in human clinical study, marking a significant milestone in continuous glucose monitoring. This study represents the first real-time, continuous blood glucose monitor (CBGM) placed in the subclavian vein, offerin ...

RUTHERFORD, N.J., Jan. 30, 2025 (GLOBE NEWSWIRE) -- Glucotrack, Inc. (NASDAQ:GCTK) ("Glucotrack" or the "Company"), a medical device company focused on the design, development, and commercialization of novel technologies for people with diabetes, today announced that it will effect a 1-for-20 reverse stock split (the "Reverse Stock Split") of its issued and outstanding common stock par value $0.001 per share (the "Common Stock"), effective with the opening of trading on Tuesday, February 4, 2025. Glucotrack ...