Feb 13,2024

Insulet to Present at The Raymond James & Associates 45th Annual Institutional Investors Conference

Insulet Corporation announced that management will present at The Raymond James & Associates 45th Annual Institutional Investors Conference in Orlando on Tuesday, March 5, 2024 at 11:35 a.m. (Eastern Time).

CONFERENCES
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Feb 13,2024

Tandem Diabetes Care Launches Tandem Mobi, the World’s Smallest, Durable Automated Insulin Delivery System

Tandem Diabetes Care announced the United States commercial launch of its new Tandem Mobi, less than half the size of the t:slim X2 insulin pump, durable automated insulin delivery system for people living with diabetes. Users can wear Tandem Tobi wherever they want on their body with a lightweight adhesive sleeve, and is compatible with the Dexcom G6 Continuous Glucose Monitoring (CGM) System. Additional CGM sensor integrations are planned, including Dexcom G7 in the second quarter of 2024, followed by integration with the Abbott FreeStyle Libre 3 sensor.

PRODUCT

#closed loop

#insulin pump

#cgm

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Feb 13,2024

Medicare Coverage Significantly Expanded for the Eversense E3 CGM System

Ascensia Diabetes Car, and Senseonics Holdings announced that Medicare has significantly expanded access to the Eversense E3 CGM System, with the implementation of Local Coverage Determinations providing access to implantable CGM for basal only patients, by the first three Medicare Administrative Contractors (MACs). Medicare coverage has been expanded for implantable CGMs to include all people with diabetes using insulin, removing the previous requirement for multiple insulin administrations per day. The new policy has also been updated to cover non-insulin-users who have a history of problematic hypoglycemia. Noridian, Palmetto and National Government Services (NGS) are the first three MACs to publish final local coverage determinations (LCD). The earliest MAC expansion becomes effective on February 25, 2024 and the companies expect the remaining MACs to finalize their expansion in the near future.

PRODUCT

#reimbursement

#cgm

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Feb 08,2024

Tandem Diabetes Care Announces Upcoming Conference Presentations

Tandem Diabetes Care announced that management will present a company update at the following investor conferences: Citi’s 2024 Unplugged Medtech and Life Sciences Access Day on Thursday, February 29, 2024 at 1:00pm Eastern Time; TD Cowen 44th Annual Health Care Conference on Monday, March 4, 2024 at 1:30pm Eastern Time; 2024 Raymond James Institutional Investor Conference on Wednesday, March 6, 2024 at 11:00am Eastern Time; Oppenheimer 34th Annual Healthcare MedTech & Services Conference on Tuesday, March 12, 2024 at 1:20pm Eastern Time; Barclays Global Healthcare Conference on Wednesday, March 13, 2024 at 3:35pm Eastern Time.

CONFERENCES
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Feb 08,2024 TOP STORY

Dexcom Reports Fourth Quarter and Fiscal Year 2023 Financial Results

Dexcom reported its financial results as of and for the quarter and fiscal year ended December 31, 2023. Q4 2023 financial results highlights a revenue growth of 27% versus the same quarter of the prior year to $1.03 billion on a reported basis and 26% on an organic basis. The full year 2023 financial results show that Dexcom's annual revenue reached to $3.62 billion, with a growth of 24% versus the prior year on a reported and organic basis. The company's 2024 annual guidance refer to a revenue of approximately $4.15 - $4.35 billion.

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May 23,2019

LifeScan deal challenges Abbott, Dexcom for CGM market

LifeScan, a former Johnson & Johnson unit, has partnered with Sanvita Medical to enter the continuous glucose monitor (CGM) market in North America and select European countries, aiming to address the growing demand for CGM systems. Facing competition from established players like Abbott and Dexcom, LifeScan plans to design CGM devices that integrate with its OneTouch Reveal blood sugar management apps. The move is seen as a strategic response to offset market pressures and declining sales of OneTouch products. Dexcom and Abbott have already secured significant market shares, generating billion-dollar sales with their CGM devices. LifeScan's challenge lies in differentiating its CGM offering amid strong competition.

COLLABORATION PARTNERSHIP

#r&d

#cgm

#mobile app

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Feb 08,2024

A Multicenter Prospective Evaluation of the Benefits of Two Advanced Hybrid Closed-Loop Systems in Glucose Control and Patient-Reported Outcomes in a Real-world Setting

Advanced hybrid closed-loop systems (AHCL) have been shown to improve glycemic control and patient-reported outcomes in type 1 diabetes. The aim was to analyze the outcomes of two commercially available AHCL in real life. A prospective study was performed, including adolescents and adults with type 1 diabetes, AHCL naïve, from 14 centers, who initiated the use of MiniMed 780G with SmartGuard or Tandem t:slimX2 with Control-IQ. Baseline and 3-month evaluations were performed, assessing HbA1c, time in different glycemic ranges, and patient-reported outcomes. The primary outcome was the between-group time in range 70–180 mg/dL difference from beginning to end of follow-up. Time in range increased from 61.53 to 76.17 , with no between-group differences. HbA1c decreased by 0.56%, , from 7.43 to 6.88. in the MiniMed 780G group, and from 7.14 to 6.56 in the Control-IQ group. No superiority of one AHCL over the other regarding fear of hypoglycemia or quality of life was found. Improvement in diabetes-related distress was higher in Control-IQ users. Sleep quality was improved, without differences between systems. Experience with AHCL, evaluated by the INSPIRE measures, exceeded the expectations.

CLINICAL STUDY

#closed loop

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Feb 06,2024

Medtronic to announce financial results for its third quarter of fiscal year 2024

Medtronic announced that it will report financial results for its third quarter of fiscal year 2024 on Tuesday, February 20, 2024. Medtronic will host a video webcast at 7:00 a.m. CST on Tuesday, February 20, 2024, to discuss results for its third quarter of fiscal year 2024. The webcast can be accessed at https://investorrelations.medtronic.com .

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Feb 06,2024

Better Therapeutics Signs Rebate Agreement with One of the Largest Pharmacy Benefit Managers in the US for its AspyreRx Diabetes Treatment

Better Therapeutics announced that it has entered into a rebate agreement with one of the nation’s leading Pharmacy Benefit Managers (PBMs) negotiating on behalf of over 70 million lives in the US. The rebate agreement, effective January 1, 2024, applies to the PBM’s commercial book of business and provides plan participants of the PBM the ability to add AspyreRx™ to their formularies with rebate eligibility. The company continues to engage with national and regional health plans, as well as Pharmacy Benefit Managers (PBMs) and Group Purchasing Organizations (GPOs), to communicate the value of AspyreRx for patients with T2D and to secure broad coverage.

COLLABORATION PARTNERSHIP

#institution

#dtx

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