Embecta Presents Data for New Diabetes Patch Pump with Larger Insulin Reservoir
Portfolio Pulse from Benzinga Newsdesk
Embecta Corp. (NASDAQ:EMBC) presented data at the American Diabetes Association's 84th Scientific Sessions highlighting the benefits of a new diabetes patch pump with a larger, 300-unit insulin reservoir. The data suggests that this larger reservoir could improve insulin management for adults with type 2 diabetes by providing longer wear times and reducing the number of disposable patches needed.
June 24, 2024 | 10:33 am
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Embecta Corp. presented promising data on a new diabetes patch pump with a larger insulin reservoir, which could improve insulin management for type 2 diabetes patients. The company has submitted this product for FDA approval.
The presentation of data at a major scientific session and the submission for FDA approval are significant steps for Embecta. If approved, the new product could meet a critical unmet need in diabetes care, potentially boosting the company's market position and stock price.
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