Glucotrack Stock Price, News & Analysis

Glucotrack Inc. (Nasdaq: GCTK) presented new findings at the ADCES 2024 Annual Conference, revealing strong interest in their innovative Continuous Blood Glucose Monitor (CBGM) concept. The market research study showed that over 50% of surveyed diabetes patients are open to adopting this new technology.

Key features attracting interest include:

• Long-term sensor life (up to 3 years)
• No wearable component
• Real-time blood glucose readings

The study included 757 respondents with intensive insulin therapy, comprising current CGM users (67%), non-users (25%), and ex-users (8%). Glucotrack's CBGM concept aims to address unmet needs in diabetes management, offering a more convenient and less intrusive monitoring solution. The company has made significant clinical progress, completing successful preclinical studies and planning to initiate human clinical trials later this year.

Glucotrack Inc. (Nasdaq: GCTK) announced a poster presentation at the Association of Diabetes Care and Education Specialists (ADCES) 2024 Annual Conference in New Orleans, LA, from August 9-12, 2024. The poster, titled 'Evaluating Acceptance of a Continuous Blood Glucose Monitor for Insulin-Requiring People with Diabetes', will showcase market research data on the acceptance of Glucotrack's Continuous Blood Glucose Monitor (CBGM) concept among people with type 1 and type 2 diabetes.

CEO Paul V. Goode emphasized the growing interest in expanding glucose monitoring options. The poster session is scheduled for Saturday, August 10, from 12:15 PM to 1:15 PM Eastern time. Glucotrack will make the poster available on their website following the conference presentation.

Glucotrack, Inc. (Nasdaq: GCTK), a medical technology company focusing on diabetes management, has secured $4 million in funding from its leading shareholder, John Ballantyne. This funding will support the upcoming First in Human clinical trial for their innovative Continuous Blood Glucose Monitor (CBGM) technology.

CEO Paul V. Goode, PhD, highlighted the company's significant progress in developing their CBGM technology, describing it as a less burdensome approach to glucose monitoring. Ballantyne expressed confidence in the company's potential to deliver strong clinical value to the diabetes community and meaningful value to shareholders, citing the technology's potential to be disruptive in the large and growing diabetes market.

Glucotrack has appointed Andy Balo to its Board of Directors, effective immediately. Balo, a veteran in the diabetes industry, brings decades of experience in regulatory, clinical, and quality domains. He played a key role in shaping Dexcom over 22 years and has coordinated numerous glucose monitoring regulatory submissions and clinical trials globally. Balo has also held leadership roles at St. Jude Medical, Baxter, Pacesetter, and Endocardial Solutions, and has served on several FDA panels. His expertise will be invaluable as Glucotrack advances its continuous blood glucose monitoring technology through clinical and regulatory milestones.

Glucotrack (Nasdaq: GCTK) has announced the successful completion of a 60-day preclinical study for its innovative epidural continuous glucose monitoring sensor. The sensor, implanted in the epidural space of animals, closely tracked glucose levels comparable to both commercially available blood glucose monitors and subcutaneous CGMs. No abnormal clinical signs or delayed latent effects were observed during the study, supporting the sensor's safety and efficacy. This advancement holds promise for simplifying disease management in patients with painful diabetic neuropathy (PDN), a condition affecting over 7 million Americans. CEO Paul V. Goode expressed confidence in the sensor's performance and its potential benefits for diabetes patients.

Glucotrack (Nasdaq: GCTK), a medical technology company specializing in diabetes management, announced its participation in the Sidoti Small Cap Investor Conference. CEO Paul V. Goode will present on June 12, 2024, at 3:15 PM ET, and will also engage in one-on-one meetings. Interested parties can register for the webcast through a provided link.

Glucotrack announced the successful completion of a 90-day preclinical study for its Continuous Blood Glucose Monitor (CBGM), demonstrating sustained accuracy with a Mean Absolute Relative Difference (MARD) of 4.7%. The study, which involved a larger number of animal subjects than previous studies, showcased the CBGM's ability to offer real-time blood glucose measurement without the lag associated with subcutaneous sensors. The device showed no significant adverse effects and outperformed both a commercial blood glucose monitor and a subcutaneous glucose monitor. Glucotrack plans to initiate human clinical trials later this year.

Glucotrack announced promising results from a 30-day segment of its 60-day long-term preclinical study on an epidural glucose monitoring sensor. The sensor, implanted in the epidural space, successfully tracked blood glucose levels and matched the performance of a commercial subcutaneous CGM. No complications or abnormal clinical signs were observed, showcasing the safety and potential efficacy of the device for managing painful diabetic neuropathy. The ongoing study aims to further validate the sensor's long-term performance and durability, potentially benefiting millions of diabetics if approved.

Glucotrack announced a 1-for-5 reverse stock split effective May 20, 2024. Post-split, the shares will continue to trade under the symbol 'GCTK' on Nasdaq, with a new CUSIP number 45824Q606. This move reduces the outstanding shares from 27,392,996 to approximately 5,478,599 and the authorized shares from 500,000,000 to 100,000,000. Fractional shares will not be issued; instead, cash will be paid for fractions based on the average closing price before the split. This reverse split aims to meet Nasdaq's $1.00 minimum bid price requirement and attract institutional investors. The decision was approved by stockholders on April 26, 2024, and by the Board on April 30, 2024. No action is required from shareholders as adjustments will be automatic.