Disappearing Calisto?

A number of you have written to me asking about the Glucoband (next-gen armband non-invasive continuous monitor): did I see the prototype at the ADA Conference? Are they for real? All I can tell youCalisto_medical_2 now is Nope, and I Don’t Know, respectively.

Strangely, I could not find a trace of the company (Calisto Medical) at the conference. Their booth was not where it was marked on the Expo floor map (?) I ran around asking attendees, and even the ADA event guides, but no one seemed to know anything. Funny.

Neither has the company responded to any of my queries, even though they linked to my preview of them. Odd. I’ve got some feelers out, and will let you all know as soon as I get to the bottom of this.

*** UPDATE 6/28/06 ***

I have heard back from my contact at the ADA:

“… apparently Calisto was supposed to have a booth but just never showed up on-site. A mystery to us as well!”

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5 Responses

  1. Becky
    Becky June 25, 2006 at 12:07 pm | | Reply

    Amy, I remember doing a little web research on Calisto in November because it sounded like exciting technology. It was long ago for my mushy mommy brain so I don’t recall where I heard this, but there was concern that this was an investment scam. I’ll try to find where I read that. May have been on the financial boards. I was hopeful when they signed up for the ADA but if they didn’t show… well that’s a bad sign. I also sent an email many months ago inquiring about clinical trials and received nothing back.

  2. Becky
    Becky June 25, 2006 at 1:06 pm | | Reply

    Well, with just a little bit of digging during the kids nap time:

    Calisto made a huge announcement recently of the first investors, Scientific Health Development, LTD. This company was incorporated Aug. 2005, then changed it’s name to SHD GP LLC in Dec. 05. Then another company called SHD SUB GP LLC was incorporated in Feb. 06 and it’s founding member is listed as SHD GP LLC. The registered agent for all three corporations is an attorney in Dallas named Carter Meyer, who, according to a local paper has recently started a small venture capital firm. I don’t know much about this stuff, maybe someone with more knowledge can help out here.

    Here is the website http://www.shdlabs.com/pages/4/index.htm

    Not much info, except a nice lawerly notice NOT to submit any venture ideas to the company. It sounds iffy to me, what do you think? I’ll start looking around for proof of the clinical trials again. I had no luck late last year. Thanks!

  3. AmyT
    AmyT June 25, 2006 at 5:05 pm | | Reply

    Here’s a story about Calisto and its Armenian CEO:

    http://www.armenianow.com/?action=viewArticle&AID=1078

    I read somewhere that they actually did launch the product in Armenia last year. It’s just their US presence that’s a little vague these days(?)

  4. JasonJayhawk
    JasonJayhawk June 26, 2006 at 2:27 pm | | Reply

    So far, nothing other than asking for big $$$, has come visible. I would think that if the company wanted money flocking to its doors, they would releasing some non-biased reports. Who knows what is happening in a foreign country that we probably have very little idea of how medical devices are approved within.

    Personally, I think somebody is hiding behind the curtain with a vault full of money. They won’t be the first vaporware product for reading blood glucose values.

    I’m in Missouri, the Show Me state!

  5. Becky
    Becky June 30, 2006 at 6:51 am | | Reply

    Thanks for the update Amy. Sigh… Sounds like another “too good to be true” situation.

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