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Stock impact report

Dexcom invests $75m in OURA to forge partnership [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 Oura ring measures sleep, stress, and cardiovascular data, among others. It has helped Finland-founded OURA nearly double its annual sales this year to reach around $500m, with 2.5 million rings sold globally. Dexcom has seen the potential in combining its glucose measuring capabilities with OURA's technology and has invested $75m in the latter company's Series D funding round. Following the investment, OURA is now valued at more than $5bn. The two companies will aim to launch integrations enabling data to flow between Dexcom and OURA products, including Dexcom's glucose biosensors and apps, as well as the Oura Ring and accompanying app. The first app integration is expected to roll out in the first half of 2025. As a result of the partnership, Dexcom and OURA will also co-market and cross-sell each other's products. Dexcom's strategy and corporate development executive vice president Matt Dolan said: “This powerful combination will attract new shared customers who want to Show less Read more
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