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Business For Sale - Details


Non-Invasive Blood Glucose Monitoring Development Company



HIGHLIGHTS

  • A unique opportunity to acquire a start up company which has developed a portable, non-invasive blood glucose monitor for diabetics
  • £4.5m private equity investment to date
  • Team experienced in MedTech sector
  • Clinical trial undertaken in Q4 2018 to validate proof of concept
  • Patented technology
  • USPs of the device include:
    -  Non-invasive (no requirement for a blood sample to be taken)
    -  Painless
    -  Provides immediate results
    -  Simple to use
    -  Compact device design
    -  Continual glucose monitoring
    -  Lower operational costs than competitors


OVERVIEW

  • Established in 2015, with the single focus of developing a portable blood glucose monitor for diabetics.
  • 10 full time employees
  • Microwave technology used to detect glucose changes in whole blood in real time
  • Sensor designed to be worn in wrist watch assembly
  • Trading from a fully equipped leasehold property, including laboratory, in Wales


TIMETABLE FOR PROCESS

An urgent sale of the business and assets is being sought and therefore interested parties are required to make contact without delay.

Offers are invited for the intellectual property rights (patents and trademarks), equipment and goodwill.

A deadline for offers has been set for 5pm Wednesday 3rd April 2019.



NON-DISCLOSURE AGREEMENT

If you would like more information about this company and to register your interest please complete and sign the attached Non-Disclosure Agreement and return it to jholder@lsh.co.uk


IMPORTANT
This briefing sheet contains information supplied by company personnel. LSH provides no warranties or indemnities in respect of such information. All interested parties must rely on their own investigations when reviewing this opportunity.

 

(566 26/3/19)

Anthony Hart

Surveyor

CONTACT

0203 824 4744

07825 501 250

ahart@lsh.co.uk