Sunday, June 16, 2024
HomeFunding CA-based Allez Health Secures $60Million in Series A+ Round Funding

[Funding News] CA-based Allez Health Secures $60Million in Series A+ Round Funding

Allez Health, a provider of a continuous glucose monitoring (CGM) biosensor platform secures $60million in series A+ round funding. The round was led by Korean in-vitro diagnostics company, Osang Healthcare Co., Ltd. as a strategic investor, with participation from existing investors.

Allez Health, a provider of a continuous glucose monitoring (CGM) biosensor platform secures $60million in series A+ round funding. The round was led by Korean in-vitro diagnostics company, Osang Healthcare Co., Ltd. as a strategic investor, with participation from existing investors.

The new capital is expected to be used to accelerate growth towards pivotal trials, to support regulatory approval filings, and to scale manufacturing operations.

It is a pioneering CGM biosensor platform with novel sensor technology that is intended to disrupt today’s cost barrier while enhancing performance and user experience. Since its inception, Allez Health has accomplished several significant milestones including seven issued patents and over 40 pending patent applications, over 80 clinical studies aggregating more than 1,500 users, and a pivotal study in 120 insulin users.

Read also – [Funding News] CA-based WitnessAI Secures $27.5Million in Series A Round Funding

Having completed the pivotal study and having secured key strategic investment as well as select distribution and manufacturing arrangements, Allez Health expects to accelerate its progress toward commercialization in multiple global markets, assuming the timely receipt of the necessary regulatory approvals and the continued availability of capital.

Leif Bowman, co-founder and CEO at Allez Health said, “We believe that person-centric health is critical for optimal health solutions, We aim to bring to market a sensor that combines access, affordability, and reliable performance, because when it comes to an individual’s health, no one should have to choose between price and performance.”

Dr. Chulhun Kang, CEO of Osang Healthcare said,“Since the founding of Allez Health, we have been impressed by their progress and are excited to officially forge a strong collaboration with them, Their innovative design and technical advances, coupled with Osang’s world-class manufacturing capability and global reach, will bring meaningful access to world-class CGM technology for millions of people with diabetes as well as the broader wellness market.”

About Allez Health, Inc.

Allez Health, Inc. is an innovative smart biosensor company for connected digital health platforms. The Allez Health sensor is an investigational device that is not yet cleared or approved by the U.S. Food and Drug Administration or any other regulatory authority.

- Advertisement -
RELATED ARTICLES
- Advertisment -

Most Popular