Thoughts on Bigfoot’s $55M Series C and if Abbott Libre 2 FDA Approval is Imminent

Bigfoot Biomedical announced the closing of its Series C financing round for a total of $55M. With the closing of Series C, the company says it is moving closer to FDA submission of Bigfoot Unity in 2020. Recall, Bigfoot Unity is a decision support system that leverages a connected insulin pen cap and the Abbott Libre CGM. Additionally, Bigfoot’s co-founder Bryan Mazlish (view LinkedIn profile) is transitioning from president of the company to the Executive Board Director. Below, FENIX provides insights into Bigfoot’s financing, management changes, and valuation and thoughts on how the Series C closing could potentially indicate Libre 2 FDA approval is imminent.

About The Author

Matthew Maryniak

President of Fenix Group International

Matthew has been a thought leader in the high-growth therapeutic areas of diabetes and cardiovascular medicine since 2006, making regular attendance at large and small CV/met scientific meetings and an architect of novel methods for assessing market opportunities. He has over a decade of experience in leading CV/met consulting engagements, is a published author in PM360 and Diabetes Technology & Therapeutics, and has been quoted in The Pink Sheet on anti-thrombotics.

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