Medtronic gets FDA approval to use Simplera Sync glucose sensor with insulin pumps [Yahoo! Finance]
Abbott Laboratories (ABT)
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Source: Yahoo! Finance
Medtronic has received Food and Drug Administration approval for a version of its latest glucose sensor that can pair with the company's insulin pumps. The device, called Simplera Sync, can be used with Medtronic's MiniMed 780G insulin pumps as part of an automated insulin delivery system, the company said Friday. Medtronic is planning a limited launch of the sensor starting this fall. CEO Geoff Martha told investors in February that the company expects Simplera Sync, and a new glucose monitor being developed with Abbott , to grow the company's U.S. diabetes business. Medtronic has been working to catch up its diabetes business to the competition since the company resolved a warning letter from the FDA in 2023. Shortly before the warning letter was lifted, Medtronic received FDA approval for its 780G insulin pump, which had been under review since 2021 . At the time, analysts with RBC Capital Markets said the new pump should help Medtronic turn around its diabetes business, but
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