DIABETES DEVICE LURES $5M IN VENTURE FUNDS

A local medical device startup that wants to detect diabetes with the simple flick of a switch has received $5 million in venture capital less than a year after spinning off from another diabetes technology company. VeraLight executives say they will use $750,000 of the money to start a 600-person pilot trial in conjunction with a local reference laboratory that will pit their diabetes screening technology against conventional tests that require fasting and blood draws.

New Mexico Business Weekly (http://www.bizjournals.com/industries/health_care/biotechnology/2005/09/26/albuquerque_story2.html?page=1)