Elron Electronic Industries Ltd. Company Medingo Receives Formal FDA Clearance to Market Its Insulin Micropump in the United States

TEL AVIV, Israel--(BUSINESS WIRE)--Elron Electronic Industries Ltd. (NASDAQ & TASE: ELRN) announced today, that further to it previous announcement on July 28, 2009, Medingo Ltd., a group company held 92% by Elron and its subsidiary, RDC – Rafael Development Corporation Ltd., has received formal clearance from the Food and Drug Administration (“FDA”), to market its Solo™ MicroPump Insulin Delivery System in the United States.

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