Why DexCom (DXCM) Stock Hit A New 52-Week Low Today
Portfolio Pulse from Henry Khederian
Shares of DexCom, Inc. (NASDAQ:DXCM) are trading lower after the FDA announced the establishment of a Digital Health Advisory Committee. The committee, which aims to be fully operational by 2024, will focus on addressing the complexities of digital health technologies. This increased regulatory interest introduces uncertainty for companies like DexCom, potentially impacting their products, market access, and ability to innovate.
October 12, 2023 | 4:35 pm
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DexCom's stock is trading lower due to the potential impact of increased regulatory scrutiny from the FDA's new Digital Health Advisory Committee. This could affect DexCom's products, market access, and innovation capabilities.
The FDA's new Digital Health Advisory Committee introduces regulatory uncertainty for digital health companies like DexCom. This could potentially impact their products, market access, and ability to innovate, leading to a decrease in stock value.
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