Promising news about Diabetes treatment?

I posted elsewhere on here about this company, diamedica, hoping to get some feedback from people, but got no bites.  Am just into this as of late while I'm been supporting a friend with her T1 Diabetes. Another friend had pointed me to this group out of Canada and just this week fell upon another article posted on them.

Does anyone out there follow the current research being done? And has anyone heard of them before? Sounds fairly promising given their support from the Sanford Project (my friend said the top guy is from JRDF previously).   Looking for opinions.....would be easier for my friend to cope with this if she had some hope. :(