Beta Bionics announced today that it closed a Series E preferred stock financing round worth a total of $60 million. This funding round adds to the $100 million Series D financing Beta Bionics completed in August 2023. Irvine, California-based Beta Bionics develops the iLet bionic pancreas, an automated insulin delivery system. The system, which streamlines diabetes […]
Avanos Medical earns Medicare win for infusion pump tech
Avanos Medical announced today that a Centers for Medicare and Medicaid Services (CMS) payment rule benefits its infusion systems. CMS issued its final Medicare Hospital Outpatient Prospective Payment System (OPPS) and Medicare Ambulatory Surgical Center (ASC) Payment System rule for 2025. The rule goes into effect on Jan. 1, 2025, implementing the Non-Opioids Prevent Addiction […]
Senseonics reports mixed Q3 results, positive Eversense 365 outlook
Senseonics (NYSE:SENS) shares dipped slightly before hours today on third-quarter results that came in mixed compared to the consensus forecast. Shares of SENS fell 2.5% to 34¢ apiece in pre-market trading today. The Germantown, Maryland-based implantable continuous glucose monitor (CGM) maker reported losses of $23.98 million. That equals 4¢ per share on sales of $4.26 […]
Insulet stock rises on Q3 beat, raised sales guidance
Insulet (Nasdaq:PODD) shares ticked up today on third-quarter results that came in well ahead of the consensus forecast. Shares of PODD rose 3.3% to $257 apiece in post-market trading today. The Acton, Massachusetts-based automated insulin delivery system maker reported profits of $77.5 million. That equals $1.08 per share on sales of $543.9 million for the […]
Tandem stock rises on 31% Q3 sales growth, raised guidance
Tandem Diabetes Care (Nasdaq:TNDM) shares ticked up after hours today on third-quarter results that topped the consensus forecast. Shares of TNDM rose 5% to $35.85 apiece in post-market trading today. The San Diego-based automated insulin delivery system maker reported losses of $23.3 million. That equals 35¢ per share on sales of nearly $244 million for […]
Insulin pump maker PharmaSens adds former ADA leaders, medtech veterans to board
PharmaSens announced today that it appointed Dr. Robert A. Gabbay and James L. Peterson to its board of directors. Gabbay joins the board of the Swiss company after spending time in leadership roles with the American Diabetes Association (ADA). Peterson spent more than two decades as a medtech CEO and more recently served as executive […]
Abbott reports sustained benefits with Esprit drug-eluting stent
Abbott (NYSE:ABT) today announced data demonstrating the long-term effectiveness of its Esprit BTK drug-eluting stent. The everolimus-eluting resorbable scaffold system treats chronic limb-threatening ischemia (CLTI) below the knee (BTK). Abbott designed it to keep arteries open and deliver everolimus to support vessel healing prior to completely dissolving. The first-of-its-kind stent provides support to the vessel […]
R3 Vascular wins FDA IDE for drug-eluting scaffold
R3 Vascular announced today that the FDA granted investigational device exemption (IDE) to evaluate its Magnitude drug-eluting bioresorbable scaffold. Mountain View, California-based R3 Vascular designed Magnitude for treating below-the-knee (BTK) peripheral arterial disease (PAD). With the FDA granting IDE, it can now initiate the ELITE-BTK pivotal trial for the next-generation bioresorbable scaffold. R3 Vascular makes […]
Medtronic kicks off Blue Balloon Challenge for National Diabetes Awareness Month
Medtronic (NYSE:MDT) is kicking off another year of its Blue Balloon Challenge in recognition of National Diabetes Awareness Month. Introduced in 2021, the movement encourages people with diabetes to help drive awareness and understanding of the chronic condition. The company instructs people to take a video or photo while bouncing a blue balloon in the […]
Insulet announces diabetes awareness initiatives for November
Insulet (Nasdaq:PODD) today announced its plans to recognize National Diabetes Awareness Month and World Diabetes Day. National Diabetes Awareness Month takes place over the course of the entire month of November. World Diabetes Day lands on Nov. 14 every year, marking the birthday of Sir Frederick Banting. Banting discovered the insulin hormone along with Charles […]
