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INDUSTRY NEWS



            MEDTRONIC LAUNCHES                                     the personalisation of glucose goals

            MINIMED™ 780G SYSTEM                                   with an adjustable target setting as
                                                                   low as 100 mg/dL — lower than any
            WITH SMARTGUARD™ TECH-
                                                                   other  advanced  hybrid  closed-
            NOLOGY TO SIMPLIFY TYPE
                                                                   loop system — and is designed to
            1 DIABETES MANAGEMENT
                                                                   help  stabilise  blood  sugar  levels
            IN INDIA                                               and  further  improve  glucose
            Medtronic  has  launched  MiniMed                      control. Patients who participated

            780G system in India. The MiniMed                      in a  clinical  study  provided  feed-

            780G system is a next-generation                       back that the MiniMed  780G

            closed-loop  insulin pump  system                      system ‘made life with diabetes and

            for the treatment of type 1 diabetes                   control  so  much  easier’  and  that
            in people aged seven to 80 years.                      it  made  ‘life  significantly  easier.’

            The system automates the delivery



 SOMERSET-BACKED   equity  shares, as  per  HNL’s draft   of  both  basal  insulin and  correc-  The  system  is  part  of  the  new
                                                                   Medtronic portfolio of insulin
            tion boluses every five minutes to
 HEXAGON NUTRITION GETS   red  herring  prospectus  (DRHP).  help  people  with  diabetes  avoid   pumps  with  smartphone connec-

 SEBI NOD FOR RS 600 CR   Founded in 1993 by Arun and Subash   highs and lows with greater ease.   tivity  via  Bluetooth  technology.

 IPO  Kelkar, HNL started as a micro-nu-                           This  advancement  allows  users

 Mumbai-based  Hexagon Nutrition   trient  formulations  player  and  at   The MiniMed 780G system enables   and  their  care partners to see

 Ltd (HNL) on Monday said it received   present it  offers  products  across

 the Securities and Exchange Board   clinical products, micronutrient

 of  India’s  (SEBI)  approval  to  raise   premixes  and  therapeutic  prod-

 Rs 600  crore through  an initial   ucts. Its product portfolio includes

 public offering (IPO). Last year in   fortification of foods, therapeutic

 December, VCCircle  reported   nutrition, clinical nutrition and allevi-


 that the company was set to file its   ation of malnutrition. The company

 draft papers for the IPO. The IPO   sells  its  products  in around  70

 consists of a fresh issue of shares   countries, currently from its three

 worth Rs 100 crore and an offer-  factories located at Nasik, Chennai

 for-sale  (OFS)  of  up  to  30,113,918   and  Thoothukkudi.  (VC  Circle)


 |38  thecorporatereview.com  | India  | Vol. 3  |  Issue  3 | March 2022                                   |39
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