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Stock impact report

DexCom (DXCM) Declines on Potential Competition for Stelo [Yahoo! Finance]

DexCom, Inc. (DXCM) 
Last dexcom, inc. earnings: 4/28 04:03 pm Check Earnings Report
US:NASDAQ Investor Relations: dexcom.com/investors
Company Research Source: Yahoo! Finance
The FDA approval for Stelo in March 2024 looked promising as it was the first and only continuous glucose monitoring (CGM) device to receive approval for its over-the-counter (OTC) availability as a glucose biosensor. Stelo represents a significant opportunity as it can be used to get glucose insights directly on a smartphone without a prescription. The company planned the launch of Stelo this summer for use by people aged 18 years and above who are not on insulin therapy. However, the FDA approval of Abbot 's ABT Lingo as an OTC glucose monitor should fuel potential competition for DexCom in this new category of over-the-counter CGM. Although Abbot is yet to announce its launch plan for Lingo in the United States, the product is already available in the United Kingdom since last year as a sensor for people who don't have diabetes to track glucose spikes. Price Performance Shares of DexCom have lost 7.2% year to date against the industry's 5% growth. The S&P 500 Index has risen Show less Read more
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