Printer Friendly
The Free Library
19,585,946 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Aciont Awarded NIH Grant.


Business Editors & Health/Medical Writers

BIOWIRE2K

SALT LAKE CITY--(BW HealthWire)--March 25, 2002

Aciont(TM) Inc., a privately held company privately held company

A firm whose shares are held within a relatively small circle of owners and are not traded publicly.
, is pleased to announce that it has been awarded a Phase-I Small Business Innovative Research (SBIR SBIR Small Business Innovation Research (program/grant)
SBIR Space Based Infra-Red
SBIR Speaker-Boundary Interference
SBIR Site Backsurface-referenced Ideal Plane/Range (silicon wafers) 
) grant from the National Institutes of Health (NIH "Not invented here." See digispeak.

NIH - The United States National Institutes of Health.
) to assist in the financial development of its non-invasive blood glucose blood glucose Diabetology The principal sugar produced by the body from food–especially carbohydrates, but also from proteins and fats; glucose is the body's major source of energy, is transported to cells via the circulation and used by cells in the presence  monitor.

The Phase-I grant constitutes a $100,000 payment based on the competitive merit of Aciont's proposal and technology.

"This is an exciting time for Aciont," said Steve Hamilton, Aciont's president and COO. "Our data shows that the technology overcomes many disadvantages of currently available glucose monitoring glucose monitoring Lab medicine The periodic evaluation of any analyte abnormal in Pts with DM, to assess short and long-term control with antiglycemic agents. See Glucose, Glycated hemoglobin.  systems. Aciont's proprietary AC iontophoretic approach increases the precision of glucose extraction.

"This can provide factual data representation to both physicians and patients as the basis for specific drug regimens and accurate treatment protocols. Our technology decreases the number of calibration finger-sticks necessary with presently available devices."

Continuous non-invasive monitoring will be of significant benefit to more than 15 million people with diabetes in the United States. Currently, patients need to obtain blood via finger-stick up to five times daily to monitor their disease. Many do not test as frequently as required because of the associated pain, inconvenience and cost.

Poorly controlled diabetes increases patients' risks of heart disease, kidney failure kidney failure
 or renal failure

Partial or complete loss of kidney function. Acute failure causes reduced urine output and blood chemical imbalance, including uremia. Most patients recover within six weeks.
, and blindness. The consequential direct and indirect costs to the U.S. healthcare system is estimated to be $100 billion annually.

Dr. William I. Higuchi founded Aciont in March 2000, as a result of his long-term research interests in this area of human diagnostics and drug delivery. The company's technology platform is based, significantly in part, on constant conductance AC iontophoresis iontophoresis /ion·to·pho·re·sis/ (i-on?to-fah-re´sis) the introduction of ions of soluble salts into the body by means of electric current.iontophoret´ic

i·on·to·pho·re·sis
n.
.

Unlike competing technologies, Aciont's methods avoid changes in skin structure during ongoing treatment allowing more accurate, precise and efficient extraction of an analyte across the skin. Ultimately, this means diabetics will be able to monitor painlessly their blood sugar on a continuous basis while increasing their quality of life.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995. These statements are based on the current plans and expectations of Aciont Inc. and involve risks and uncertainties that could cause actual future activities and results of operations to be materially different from those set forth in the forward-looking statements.

Aciont assumes no obligation to update any forward-looking statement.
COPYRIGHT 2002 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Apr 25, 2002
Words:391
Previous Article:IBC Completes Share Purchase and Amends Credit Agreement.
Next Article:ADVISORY/Chorum Technologies' CEO, Scott Grout, to Present At 11th Wireless and Optical Communications Conference in Newark.



Related Articles
Population research infrastructure program. (Fellowships, Grants, & Awards).
Announcements: fellowships, grants, & awards.
Incomplete applications will not be reviewed. (Fellowships, Grants, & Awards).
NIH support for conferences and scientific meetings.
Bioengineering Research Partnerships.
NLM research grants in biomedical informatics and bioinformatics (R01).
Novel approaches to enhance animal stem cell research.
Supplements to promote reentry into biomedical and behavioral research careers.
Novel approaches to enhance animal stem cell research.
New program to identify outstanding new investigators.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles