Diabetes
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Joe Raedle via Getty Images
Novo Nordisk says in talks to acquire French device-maker Biocorp for $165M
The offer per share is about 20% more than Biocorp’s closing stock price on June 2. The two companies plan to focus on drug delivery solutions for chronic diseases, such as diabetes.
By Elise Reuter • Updated June 6, 2023 -
Permission granted by Medtronic
Medtronic posts profit, sales growth in Q4, agrees to buy Korean diabetes patch maker
The company is “confident in delivering durable revenue growth in the year ahead” amid continued improvements in procedure volumes.
By Peter Green • May 25, 2023 -
Explore the Trendline➔
Courtesy of Intuitive Surgical
TrendlineMore mergers, new diabetes devices and the road to MDR: Medtech trends in 2023
Medical device leaders expect financial pressures to ease as companies navigate regulatory changes in Europe, planned spinoffs and product launches.
By MedTech Dive staff -
Medtronic agrees to buy Korean insulin patch pump maker for $738m to boost diabetes business
The tubeless, disposable insulin patch made by EOFlow will be integrated into Medtronic’s MiniMed 780G system.
By Elise Reuter • May 25, 2023 -
Boris Jovanovic via Getty Images
Beta Bionics wins FDA nod to challenge Medtronic for automated insulin pump market
Beta Bionics’ device, aimed at people with Type 1 diabetes, has eliminated most of the data entry required by competitors.
By Nick Paul Taylor • May 22, 2023 -
Courtesy of Verily
Diabetes app developers must generate more data on clinical effectiveness, study says
The researchers saw a need for more data on the wider clinical effectiveness of apps in the management of Type 1 diabetes and prediabetes.
By Nick Paul Taylor • May 16, 2023 -
Permission granted by Embecta
Embecta joins Tidepool to develop insulin pump, raises Q2 growth outlook
Embecta advanced its pump project by partnering with Tidepool, a nonprofit that has developed diabetes management software that can work across different brands of pumps and monitors.
By Nick Paul Taylor • May 15, 2023 -
Courtesy of Insulet Corp.
Insulet raises revenue forecast as Omnipod 5 drives US growth
Insulet is confident it can grow the market for tubeless insulin pumps in the long term, an outlook the company bases on its device’s convenience.
By Elise Reuter • May 5, 2023 -
Courtesy of Tandem Diabetes
Tandem expects to meet ‘key’ goals even as rival’s device launch may curb short-term sales growth
Tandem claims it has a better insulin pump than Medtronic’s recently approved rival MiniMed 780G device.
By Nick Paul Taylor • May 4, 2023 -
Courtesy of Dexcom
Dexcom proposes $1.1B debt offering to add to existing $2.6B cash reserve
About $189 million of the funds will go toward the repurchase of Dexcom stock and a portion will support other financial transactions, the company said.
By Nick Paul Taylor • May 3, 2023 -
Permission granted by Medtronic
Medtronic’s US diabetes business is floundering. Can the MiniMed 780G rescue it?
The company, sidelined by a warning letter while competitors brought new products to market, is counting on its newest diabetes devices to spur “pent up interest.”
By Elise Reuter • May 2, 2023 -
Courtesy of Dexcom
Dexcom reports ‘growing momentum’ behind G7 launch in first quarter
The CGM launch helped the company add more users than in any other quarter in its history.
By Nick Paul Taylor • April 28, 2023 -
Courtesy of Medtronic
Medtronic diabetes warning letter lifted by FDA
The resolution will allow Medtronic to bring new products to market faster, such as its new continuous glucose monitor, Simplera.
By Elise Reuter • April 25, 2023 -
Permission granted by Insulet
Insulet gets FDA clearance for tubeless pump to eliminate daily shots for basal insulin users
The device, called Omnipod GO, eliminates the need for daily injections for people with Type 2 diabetes, CEO Jim Hollingshead said.
By Elise Reuter • April 25, 2023 -
FatCamera via Getty Images
Know Labs hopes to advance non-invasive glucose sensor with proof-of-concept test
The company wants to use its Bio-RFID technology for glucose monitoring, and recently showed the device could detect and quantify specific molecules in water.
By Nick Paul Taylor • April 25, 2023 -
Courtesy of Medtronic
Medtronic wins FDA approval for long-delayed MiniMed 780G insulin pump
Analysts called the FDA approval a “positive” for Medtronic that “should somewhat aid in a turnaround of its U.S. diabetes franchise.”
By Nick Paul Taylor • April 24, 2023 -
Courtesy of Nevro
Nevro names Hologic exec as CEO
Kevin Thornal will take the reins from current CEO D. Keith Grossman, who will retire next week.
By Elise Reuter • April 20, 2023 -
Permission granted by Abbott
Abbott boosts organic sales outlook as device demand accelerates
A rebound in surgical procedure volumes as hospital staffing improved at the start of the year partially offset a steep drop in COVID-19 testing sales.
By Susan Kelly • April 19, 2023 -
Permission granted by Abbott
Abbott gets clearance for Libre 3 reader, opening path to Medicare coverage
With a standalone reader, Abbott said it is working to make the FreeStyle Libre 3 system available to people covered by Medicare.
By Elise Reuter • April 17, 2023 -
echoevg via Getty Images
Proxy adviser backs diabetes device developer Sernova in fight against activist investors
Institutional Shareholders Services said the activist investors “failed to present a detailed explanation” of their case and recommended that shareholders vote for Sernova’s director nominees.
By Nick Paul Taylor • April 17, 2023 -
Pixelseffect via Getty Images
Sernova defends record after investors attack ‘sluggish’ progress of regenerative medicine implant
The investors accused Sernova’s board of “complacently” overseeing “a period of eroding shareholder value.”
By Nick Paul Taylor • April 7, 2023 -
Retrieved from Abbott on April 06, 2023
Abbott faces Class I recall of 4.2M glucose readers on battery fire risks
Readers for Abbott’s FreeStyle Libre glucose monitoring systems could catch fire if improperly stored or charged, the FDA says.
By Peter Green • Updated April 7, 2023 -
Permission granted by Tidepool
Deep DiveGrassroots innovation: How a patient-driven device for diabetes won FDA clearance
Tidepool Loop, an automated insulin dosing app based on one developed by the DIY diabetes community, received FDA clearance in January.
By Elise Reuter • April 3, 2023 -
Permission granted by Nevro
Q&AFriday Q&A: Nevro CMO tells how the spinal device maker will defend its turf in diabetic pain relief
Dr. David Caraway says Nevro’s device stands apart from competing treatments for painful diabetic neuropathy with its clinical data and approach. The company is also launching a new product.
By Elise Reuter • March 31, 2023 -
Chinnapong via Getty Images
In a threat to diabetes tech market, scientists use implanted glucose-run fuel cell to power insulin release
If commercialized, the technology could disrupt continuous glucose monitor and insulin pump markets fought over by companies including Abbott and Medtronic.
By Nick Paul Taylor • March 29, 2023 -
ClarkandCompany via Getty Images
Senseonics grows sales in Q4 despite ‘softer demand’ for CGM implant in US and Germany
Demand in the U.S. was affected by “a little bit of ambiguity on pricing” ahead of a change to Medicare.
By Nick Paul Taylor • March 17, 2023
