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The Dexcom G7 was approved in December 2022 by the FDA for use as a standalone device and is the most accurate currently approved CGM in the U.S. [18] In a 2024 interview, Jake Leach, Dexcom's COO, stated his belief that while noninvasive glucose monitoring is a "beautiful concept" current technology doesn't match the accuracy of existing ...
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He was a founding Verily team member and led the development of the Dexcom G7 in the company's partnership with Dexcom. [1] [2] The G7 launched worldwide in 2022 and the partnership generated more than $500M of revenue for Verily, the most of any Verily program reported to date. [3] [4]
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The company declared US$503,906 in revenue for the fiscal year ending March 2022, [53] which compares to Dexcom's more than $3 billion. [54] As of August 2023 it had submitted a US FDA premarket approval application for sugarBEAT. [55] Another noninvasive system is built by US company Movano Health. It uses a small ring placed on the arm.
As of the end of the third quarter, its trailing 12-month active customer base had grown by 5% year-over-year to 2.6 million individuals. Net sales in Q3 came to $283 million, a solid 10% bump ...