Developer of digital medicine technology intended to service the needs of doctors and health systems. Now, companies like Proteus Digital Health are working towards developing smart pills, drugs with tiny sensors inside, which can track medication adherence. The Discover report for healthcare providers is easy and quick to read, smoothly integrating into current treatment workflows. "They may be paying the price for that tactical choice, because it’s such a challenging therapeutic modality for their particular intervention to take hold. With Proteus Discover, patients can easily monitor their medication-taking patterns on their mobile device. All Rights Reserved. In 2017, it moved into oncology and infectious disease with a digital cancer chemotherapy pill. Learn on-demand, earn credit, find products and solutions.

Pharmaceutical companies don't have a roadmap yet to get the products out widely to patients or clinicians, regulatory agencies have been slow to approve them and insurers haven't established clear reimbursement plans. About 1 in 4 people suffer from two or more chronic conditions such as hypertension or type-2 diabetes2.

Data is a real-time snapshot *Data is delayed at least 15 minutes. In its statement to CNBC, the company described Discover as a "valuable near-term opportunity.". GET BREAKING NEWS IN YOUR BROWSER.
Regarding its plans to close the Hayward sites at 3956 Point Eden Way and 3911 Trust Way and cut 90 jobs, Proteus said, “The entire facility, consisting of two buildings will be closed and all operations will cease. The ingestible sensor is the result of innovative manufacturing processes that combine high-volume semiconductor and pharmaceutical technology. Sorry, your blog cannot share posts by email. Proteus Discover is the world’s first Digital Medicine offering designed for health organizations searching for an efficient, patient-centric approach to measure, manage and improve the health of patient populations. 20,993 ingestions in 412 study participants: No serious adverse events related to the ingestible sensor or patch were reported in these clinical studies, Changes in gastric pH (from 1.6 to 7) or chloride or pepsin concentration did not impact ingestible sensor conductivity, Ingestible sensor is safe; tested for chemical, electrical, and mechanical safety and toxicology, Positive detection accuracy is 99.1% (95% confidence interval: 97.3% – 99.7%), BMI ranged from 16.0 to 56.8 kg/m2 in these studies, Overall accuracy was 97.6% (95% confidence interval: 96.7% – 98.3%), No adverse events occurred in relation to the sensor, Minor skin irritation (pruritis) in 23 subjects (28%), Moderate skin irritation (contact dermatitis) in 2 subjects (2%). Once the ingestible sensor reaches the stomach, it transmits a signal to the patch worn on the torso. In a recent study, more than 80% of patients reported that Proteus Discover facilitated more helpful conversations with their healthcare professionals and improved their healthcare experience. As part of the deal, Otsuka invested $88 million in the company. The company's products include ingestible sensors, a small wearable sensor patch, an application on a mobile device and a digital portal for data analytics, enabling healthcare providers to more effectively manage risk and ensure that outcomes are reliably achieved leading to … Proteus isn't alone. Bill Evans, managing director of digital health venture fund and research group Rock Health, told MobiHealthNews a few months ago, when signs of Proteus' troubles began to emerge, that the company probably "shouldn't have put all their eggs in one basket," and doubly so when that basket is a patient population uniquely distrustful of tracking devices. It simply means the evidence is yet to be seen.”. Get the full list », You’re viewing 5 of 25 executive team members. "I can't stress enough how hard that is. “Proteus may have picked [a] therapeutic area with a degree of difficulty that’s an eight or nine out of 10, right?" ", A spokesperson for Otsuka's U.S. unit said in an emailed statement that the company has had a "strong collaboration for many years" with Proteus, "from clinical development to FDA approval to commercial availability." In 2017, Proteus announced a partnership with pharmaceutical company Otsuka for a digital medicine system called Abilify Mycite and received approval from the Food and Drug Administration. Got a confidential news tip? 2Anderson G. Chronic conditions: making the case for ongoing care. 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The "smart pill" maker indicated in the filing that it has between $100 million and $500 million in estimated assets, and between $50 million and $100 million in estimated liabilities. All Rights Reserved. Otsuka wasn't willing to put in more cash and other potential investors were waiting for data from the Otsuka deal before writing a check, the people said, even if they were intrigued by the first-of-its-kind digital medicine system. “Filing for bankruptcy protection allows Proteus to continue its sales process in a more concerted and efficient manner while continuing to run the business as usual,” the company said in a statement provided to MobiHealthNews. “The entire facility and all operations will be closed,” Proteus said of its plans to eliminate 202 jobs in Redwood City at 2600 Bridge Parkway. The patch also measures and shares patient activity and rest. The company has raised more than $500 million in venture capital from a mix of technology investors, family offices and pharmaceutical giants like Novartis. A spokesperson said that "filing for bankruptcy protection allows Proteus to continue its sales process in a more concerted and efficient manner while continuing to run the business as usual.".

Got a confidential news tip? A digital record is sent to the patient’s mobile device and then to the Proteus cloud where with the patient’s permission, healthcare providers and caregivers can access it via their portal. Health systems are able to measure treatment effectiveness and optimize therapies.

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