Stock Watch: Dexcom’s Glucose Monitoring System Receives FDA Approval
TipRanks | Jan 27, 2015 05:26AM ET
By Sarah Roden
Dexcom's (DXCM ) G4 Platinum Continuous Glucose Monitoring System received FDA approval on January 27th. DexCom Inc (NASDAQ:DXCM) develops monitors that detect glucose levels to help manage diabetes.
The new device utilizes Bluetooth technology to connect the monitoring system to the patient’s smartphone. The patient’s phone sends the glucose count to up to 5 chosen “followers,” who will receive notifications, allowing family of the patient to have “peace of mind and reassurance when they are apart.” Since the new monitor can be used for children as young as two years old, it will be particularly beneficial for caregivers of toddlers and children who have diabetes. Dexcom anticipates the devices will be ready for shipping in early March.
Dexcom CEO Kevin Sayer noted:
“The Dexcom Share receiver represents a significant step forward for our company and our mobile strategy, but more importantly, it will provide a huge improvement for people managing their diabetes and for those parents and caregivers who help them each and every day.”
On January 26th, analyst
Separately on January 26th, analystModerate Buy .
Disclosure: All DXCM recommendations sourced from TipRanks.
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