What happened
After the Food and Drug Administration greenlit the use of software that can suspend insulin when its insulin pump is used in conjunction with DexCom’s (NASDAQ:DXCM) continuous glucose monitor (CGM), shares of Tandem Diabetes Care (NASDAQ:TNDM) are rallying 10.2% at 12:45 p.m. EDT on Friday.
So what
Historically, diabetes patients can spend up to 70% of their day outside their desired blood glucose range, and as a result, they’re at risk of seeing their disease progress to a point where it causes life-threatening complications.
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