Thursday, May 1, 2014

LabStyle Innovations Corp. (DRIO) Receives Notice of Allowance for Patent Relating to Dario™ Glucose Monitoring Device

LabStyle Innovations, developer of patent-pending diabetes management solution, has received a Notice of Allowance from the U.S. Patent and Trademark Office for core patent claims covering the company’s personalized blood glucose monitoring device.

The company’s patent pending invention, entitled “FLUID TESTING APPARATUS AND METHODS OF USE,” specifically relates to how the Dario™ Diabetes Management Solution blood glucose monitor draws power from and transmits data to a smart phone through the audio jack port. This device is designed to work in conjunction with LabStyle’s Dario™ software application to form the overall Dario™ Diabetes Management Solution.

The issuance of the Notice of Allowance will allow LabStyle to obtain formal U.S. patent protection in the coming months. The company continues to seek similar patent protection in non-U.S. jurisdictions.

LabStyle said the claims of this invention could potentially be expanded to help manage additional chronic diseases. Erez Raphael, LabStyle’s president and CEO, further emphasized the importance of the Notice of Allowance.

“This is a major milestone for our company and an important recognition of the truly novel nature of our Dario product offering,” he stated in the news release. “Dario is the world’s first personalized smart meter and is already changing the way people manage their diabetes in our initial launch jurisdictions. This patent allowance validates our efforts in developing cutting edge products that help people manage their diabetes and thrive. Further, this patent will greatly strengthen our competitive position in the U.S. assuming FDA approval of Dario. Importantly, the allowed claims underscore our ownership of this technology and cover our methodology that has been based upon our extensive database of reference feedback, close customer collaboration, and innovative product engineering and development. We’re extremely proud to have achieved this distinction.”

In September 2013, LabStyle received CE mark certification for the Dario™ Blood Glucose Monitoring System and began a global rollout in select countries. The company also filed a Premarket Notification Application with the U.S. Food and Drug Administration (FDA) for Dario™ in December 2013 and expects a response from the agency later this year.

For more information, visit www.mydario.com

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