Dexcom Showcases Expanded Focus on Type 2 Diabetes at ADA Conference
Portfolio Pulse from Benzinga Newsdesk
DexCom, Inc. (NASDAQ:DXCM) showcased its expanded focus on Type 2 diabetes at the ADA Conference, highlighting the benefits of its CGM systems, including the new Omnipod 5 Automated Insulin Delivery System with Dexcom G7. The company presented data showing significant improvements in A1C and time in range for Type 2 diabetes patients using Dexcom CGM, both on and off insulin. Dexcom also announced the upcoming launch of Stelo, a glucose biosensor for non-insulin users, and emphasized its leadership in CGM connectivity with various insulin pumps.
June 20, 2024 | 10:08 am
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DexCom showcased its expanded focus on Type 2 diabetes at the ADA Conference, presenting data on the benefits of its CGM systems and announcing new products like the Omnipod 5 with Dexcom G7 and the upcoming Stelo biosensor.
The presentation of new data and the announcement of innovative products like the Omnipod 5 with Dexcom G7 and the Stelo biosensor are likely to positively impact DexCom's stock price in the short term. These developments highlight DexCom's leadership in the CGM market and its commitment to addressing the needs of Type 2 diabetes patients, which could drive investor confidence and demand for the stock.
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