Insulet Corporation Acquires Assets of Automated Glucose Control LLC (AGC)
February 14, 2023
Insulet Corporation acquired the assets and license portfolio of Automated Glucose Control LLC (AGC), a Palo Alto–based developer of automated insulin delivery technology. The asset purchase (approx. $25 million) transfers AGC’s UC Santa Barbara–licensed intellectual property and related technology to Insulet to accelerate development of its Omnipod automated insulin delivery systems.
- Buyers
- Insulet Corporation
- Targets
- Automated Glucose Control LLC (AGC)
- Sellers
- Automated Glucose Control LLC (AGC)
- Industry
- Medical Devices
- Location
- California, United States
- Transaction Type
- Buyout
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