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Some of DexCom's latest wins in this category include a decision in France in June that helped it get access to an additional 100,000 patients with type 2 diabetes with its device, the DexCom ONE.
At about $69 per share, DexCom's stock isn't that far off its 52-week low of $62.34 and is miles away from its 52-week high of $142. However, there remain good reasons to invest in the company ...
Demand for blood glucose monitors is strong, but DexCom isn't the only competitor in this lucrative market.
Shares of the medical-device maker DexCom (NASDAQ: DXCM) are down by 37% this year. The diabetes-focused healthcare company disappointed investors with its second-quarter results, leading to a ...
Dexcom was founded in 1999 by Scott Glenn, John Burd, Lauren Otsuki, Ellen Preston and Bret Megargel. [3] [4] In 2006, Dexcom received U.S. Food and Drug Administration (FDA) approval and launched the Dexcom STS Continuous Glucose Monitoring System, which is a three-day sensor that provides up to 288 glucose measurements for every 24 hours.
The company declared US$503,906 in revenue for the fiscal year ending March 2022, [54] which compares to Dexcom's more than $3 billion. [55] As of August 2023 it had submitted a US FDA premarket approval application for sugarBEAT. [56] Another noninvasive system is built by US company Movano Health. It uses a small ring placed on the arm.
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