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Insulin Delivery

March 26, 2019

Cellnovo to Close Operations?

Here is a brief preview of this blast: Cellnovo announced that it does not have sufficient capital to support a broader launch of its Gen 3 tubed patch pump which is negatively impacting the company's overall operations. According to the press release, Cellnovo "[intends] to continue contacts initiated with strategic partners and investors in order to protect the value of the assets." Given the financial situation, Cellnovo initiated collective proceedings in the UK and conciliation proceedings in France. Below, FENIX provides thoughts on Cellnovo's market position and the potential closure of its operations.