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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 ...
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In November 2011, the company received FDA clearance to market the t:slim Insulin Pump, the first ever touch-screen insulin pump. [10] In February 2013, the company received FDA clearance to market the t:connect Diabetes Management Application, a Mac and PC-compatible data management application that provides t:slim Pump users and their healthcare providers a way to display data from the pump ...
In 2012, Dexcom released a new device that allowed for the sensor to be worn for seven days and had a transmission distance of 20 feet. Dexcom later introduced an app allowing data from the sensor to be transmitted to an iPhone. This system was approved for pediatric use in 2015. [14]
As a result, DexCom's trailing 12-month (TTM) revenue and net income have grown steadily over the past five years, reaching sales of $3.9 billion and net income of $666.9 million. Take a look at ...
It's hard to predict how many countries it will have operations in by 2029, but the number will almost certainly be larger than now. DexCom should also launch newer products.
DexCom might not perform quite as well in the next 20 years as it has since 2005, but it can still help patient investors become millionaires. "Patient" is the keyword, though, as this won't ...