Tandem Diabetes Care shares are trading higher after the company announced FDA clearance for the Tandem Mobi insulin pump.
Portfolio Pulse from Benzinga Newsdesk
Tandem Diabetes Care has received FDA clearance for its Tandem Mobi insulin pump, leading to a rise in the company's share prices.

July 11, 2023 | 4:51 pm
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POSITIVE IMPACT
Tandem Diabetes Care's stock is trading higher after the company received FDA clearance for its Tandem Mobi insulin pump.
The FDA clearance for Tandem Diabetes Care's new insulin pump is a significant positive development for the company. This regulatory approval not only validates the safety and efficacy of the product, but also allows the company to market and sell the product in the US. This could potentially lead to increased revenues and profitability for the company, which is likely to have a positive impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100