Modular Medical Receives FDA Clearance Of MODD1 Insulin Pump
Portfolio Pulse from Benzinga Newsdesk
Modular Medical has received FDA clearance for its MODD1 insulin pump, a patch pump designed for adults with Type 1 and Type 2 diabetes. The device aims to be simpler and more affordable, targeting underserved communities. Commercial availability is expected in early 2025.
September 04, 2024 | 8:40 pm
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Modular Medical's MODD1 insulin pump has received FDA clearance, marking a significant milestone for the company. The pump is designed to be more affordable and simpler, aiming to reach underserved diabetes communities. This regulatory approval could positively impact the company's market position and stock price.
The FDA clearance is a critical regulatory milestone that allows Modular Medical to proceed with commercial plans for the MODD1 insulin pump. This approval is likely to enhance investor confidence and potentially increase the stock price as it opens up new market opportunities, especially in underserved communities.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100