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New personal diabetes device

Insulet Corporation has invented a pain-free personal diabetes manager, which monitors diabetic blood sugar levels . Insulet are due to come public on the NASDAQ.
Insulet market innovative, discreet and easy-to-use insulin infusion systems for those people who are insulin-dependent. They sell their products under the OmniPod brand. The company has the following to say about their device:
“Our proprietary OmniPod Insulin Management System, which consists of our OmniPod disposable insulin infusion device and our handheld, wireless Personal Diabetes Manager, is the only commercially-available insulin infusion system of its kind. Conventional insulin pumps require people with insulin-dependent diabetes to learn to use, manage and wear a number of cumbersome components, including up to 42 inches of tubing. In contrast, the OmniPod System features only two discreet, easy-to-use devices that eliminate the need for a bulky pump, tubing and separate blood glucose meter, provide for virtually pain-free automated cannula insertio, communicate wirelessly and integrate a blood glucose meter. We believe that the OmniPod System’s unique proprietary design offers significant lifestyle benefits to people with insulin-dependent diabetes.”
OmniPod was approved by the FDA in January 2005.

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