Malfunctioning of the beta-cells of the pancreas leads to the metabolic disease known as diabetes mellitus (DM), which is characterized by significant glucose variation due to lack of insulin secretion, lack of insulin action, or both. DM can be broadly classified into two types: type 1 diabetes mellitus (T1DM) - which is caused mainly due to lack of insulin secretion; and type 2 diabetes mellitus (T2DM) - which is caused due to lack of insulin action. The most common intensive insulin treatment for T1DM requires administration of insulin subcutaneously 3 - 4 times daily in order to maintain normoglycemia (blood glucose concentration at 70 to 120 mg/dl). Although the effectiveness of this technique is adequate, wide glucose fluctuations per...