Are you kidding Karl, this is quite clearly a new technology, no secret there. I'm surprised at your attempt to put this down, perhapse you're connected to a company making money out of over priced glucose testing strips and meters?
In my view this technology is a good example of much needed research and may improve my and millions of other people affected by this condition.
This is a good example of your so called venture capital as an investment, not waste.
In short, who are you trying to kid!