Swiss Medtech Start-up Medirio has been acquired

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27.06.2016

Medirio SA, a Swiss med-tech company providing small disposable and a hand-held device to deliver insulin discretely has been sold to a strategic investor. This sale has earned Go Beyond investors 1.7X return in a little over a year.

Medirio was founded in 2013 and is located in the TechnoArk Sierre. The company provides an integrated insulin delivery system for the insulin pen market that allows diabetic patients to manage their insulin injections in an easier, more comfortable way. The technological invention is able to improve usability, quality of life, therapy control and outcomes without increasing costs of traditionally used pens. Beside the application in the diabetes market, the technology could be applied with a variety of other drugs as well.

The investor purchasing the startup is a German company, a 100% subsidiary of a family owned group, which is an international leader in the production of glass, containers and cartridges for insulin.

Attractive technology
Go Beyond’s health care group in Zurich invested in Medirio in 2014. The group became interested in investing in Medirio because of the promising patent protected technology which combines a batch containing an insulin cartridge which will be activated by a hand-held controller able to store therapy records and to share data wirelessly.  From the beginning, Deal Leader Hans-Joachim Diedenhofen, was very involved with the company and as a member of the board he was instrumental in helping the company through the exit.

Irio Calasso, CEO Medirio SA: “The investment of Go Beyond in combination with their broad international healthcare industry network was instrumental for our success. Without the active engagement of GoBeyond we would not be where we are today – literally smart money!”

“Thanks to the collaborative working style and experience of the founder and CEO Irio Calasso we could fully leverage our team’s industry expertise and network. It was a tough but fun ride altogether,” says Hans-Joachim Diedenhofen, Deal Leader GoBeyond Investing.

(RAN)

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