Transdermal Diagnostics

Transdermal Diagnostics

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Private Company

Total funding raised: $2.0M

Overview

Transdermal Diagnostics, founded in 2016 as a UK MedTech spin-out, is developing a disruptive, needle-free CGM system. Its patented platform utilizes reverse iontophoresis via hair follicles to sample interstitial fluid, coupled with an array of electrochemical sensors for calibration-free measurement. The company is pre-revenue and has secured non-dilutive grant funding and a pre-seed investment round to advance its first product towards clinical validation. Its mission is to transform chronic disease management, starting with diabetes, by improving user adherence and accessibility through a pain-free wearable.

Diabetes

Technology Platform

Patented transdermal sensing platform using reverse iontophoresis to extract interstitial fluid through hair follicles. It combines a disposable adhesive patch with a miniaturized array of electrochemical sensors for needle-free, calibration-free biomarker extraction and quantification, connected to a reusable electronic controller and smartphone app.

Funding History

2
Total raised:$2.0M
Seed$1.8M
Grant$250K

Opportunities

The global CGM market is large and growing, with a significant unmet need for a pain-free, needle-free device to improve patient adherence, especially among needle-averse populations and the vast Type 2 diabetes demographic.
The platform's design for multi-analyte detection also opens long-term opportunities in monitoring other chronic conditions and lifestyle biomarkers.

Risk Factors

The core technology faces unproven clinical validation risk regarding accuracy and reliability across diverse users.
The company must also navigate a complex regulatory pathway and scale manufacturing, all while competing against deeply entrenched, well-funded incumbents in the CGM market.

Competitive Landscape

Competes directly with major invasive CGM players like Dexcom, Abbott, and Medtronic. Also faces potential competition from other non-invasive glucose monitoring technologies in development (e.g., using optical sensors). Its key differentiator is the claimed combination of being truly needle-free, calibration-free, and using a novel transdermal extraction method.