Bergen, Norway, 20 August 2025: Today, Lifecare ASA (LIFE), a clinical stage
medical sensor company developing the next generation Continuous Glucose
Monitor (CGM), publishes its Q2 2025 financial report and operational update.
Highlights:
* Achieved design freeze for first-in-human trials and veterinary launch
* Appointed Principal Investigator and trial sites for upcoming trial
* Filed for first-in-human trials, paving the way for CE mark
* Started preparations towards CE marking
* Supported funding through warrant exercise
Diabetes is a pandemic spiralling out of control, affecting more than 600
million people worldwide. Lifecare plans to take part in driving the next wave
of innovation in the field of diabetes technology. Lifecare aims to bring the
next generation of Continuous Glucose Monitoring (GCM) systems to market,
improving diabetes management for humans and pets.
- Operations, development and costs in Q2 were executed as planned. We have
accelerated our development by additionally streamlining sequential processes
into parallel workstreams. This enables us to continue on track with our
ambitious timelines, says Lifecare's CEO Joacim Holter.
Lifecare has received approval for first-in-human trials from the Norwegian
Regional Committee for Medical and Health Research Ethics, based on conditions
of minor documentation updates. Pending final approval from the Norwegian
Medicines Agency, Lifecare continue preparations for the trial to start as
planned in the second half of 2025. This first-in human trial will pave the
way for the company's pivotal study planned to start in 2026.
Lifecare started the preparations to achieve CE marking of our CGM system as a
fully regulated medical device, in line with our plan to reach market
readiness by the end of 2026. This comprehensive effort entails complete
quality documentation covering all aspects of the technology and manufacturing
processes.
- To realize the full potential of Lifecare's innovative CGM technology and
accelerate market entry, securing sufficient capital is critical. In June, we
successfully raised funds through the exercise of warrants, and I would like
to thank our investors for their trust and support. While this funding allows
the company to maintain progress, Lifecare will require additional capital to
finance the next stages of development. Continued support from both existing
and new shareholders will be essential to sustain our momentum and bring our
CGM technology to market, says CEO Joacim Holter.
Q2 2025 results presentation and strategic update:
CEO Joacim Holter and CFO Renete Kaarvik will present live at Vestland på
Børs, Scandic Flesland Airport Hotel, Bergen today at 10:45 a.m. CEST.
To access the webcast Join the meeting here.
(https://channel.royalcast.com/landingpage/hegnarmedia/20250820_14/)
A recording of the webcast will be available on our website after the event.
About us
Lifecare ASA is a medical sensor company developing technology for sensing and
monitoring of various body analytes. Lifecare's focus is to bring the next
generation of Continuous Glucose Monitoring ("CGM") systems to market.
Lifecare enables osmotic pressure as sensing principle. Lifecare's sensor
technology is suitable for identifying and monitoring the occurrence of a wide
range of analytes and molecules in the human body and in pets.
Contacts
For further information, please contact:
Joacim Holter, CEO, joacim.holter@lifecare.no, +47 40 05 90 40
Renete Kaarvik, CFO, renete.kaarvik@lifecare.no, +47 94 83 82 42
This information has been submitted pursuant to the Securities Trading Act §
5-12 and MAR Article 17. The information was submitted for publication at
2025-08-20 07:00 CEST.