CeQur, the company dedicated to simplifying mealtime insulin delivery for people living with diabetes, today announced the close of a $100 million Series E financing round. The investment reflects sustained investor confidence in CeQur’s commercial trajectory, its strong pipeline, and the growing demand for a simpler approach to mealtime insulin. The Series E reflects CeQur’s momentum and marks the beginning of its most ambitious phase of commercial growth.
The $100 million will accelerate growth across every dimension of the commercial operation, and CeQur has the infrastructure to deploy it. The field sales team will expand, deepening relationships with healthcare providers and diabetes care specialists who are looking for a simpler approach to mealtime insulin for their patients. As CeQur Simplicity expands to include extended 7-day wear and both 1-unit and 2-unit options, the company is positioned to meet demand across a broader and growing patient population.
“We have the commercial infrastructure, new clinical evidence. and an exciting pipeline. Now we have the capital to accelerate our growth,” said Bradley Paddock, President and Chief Executive Officer of CeQur. “CeQur Simplicity is ready to reach every patient and physician who wants to simplify their insulin delivery and improve their diabetes management.”
Adoption of CeQur Simplicity is expanding steadily across primary care and endocrinology practices nationwide. Better than 85% of all claims are covered as a pharmacy benefit, with an average copay of less than $45 per month. Clinically, the evidence is equally compelling: nearly 90% of patients reported following their insulin regimen better with CeQur Simplicity1 compared to multiple daily injections, with significantly improved A1C2 and time-in-range outcomes3.
“This financing is a direct reflection of what the CeQur team has built and the confidence our investors have placed in CeQur’s growth trajectory,” said Mike Rubino, Chief Financial Officer of CeQur. “We are grateful for that trust and committed to deploying this capital to deliver on the full potential of CeQur Simplicity for patients, for providers, and for every investor who believes in our mission.”
With new FDA clearances, compelling clinical data, and $100 million in capital, CeQur Simplicity is positioned to ensure that patients who want a simpler approach to insulin delivery have options.