Medtronic issues recall for MiniMed insulin pumps over battery issues [Seeking Alpha]
Tandem Diabetes Care, Inc. (TNDM)
Last tandem diabetes care, inc. earnings: 4/30 04:05 pm
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The medical device maker said an investigation into the issue has revealed that the devices may experience shortened battery life if they are dropped, bumped or subjected to another type of physical impact. Medtronic ( MDT ) said that any sort of impact, even if it occurs only once, could damage the device's internal components, which can shorten battery life and cause battery alerts. The malfunction could also result in the pump ceasing to deliver insulin sooner than expected. So far, the company has received 170 reports of users experiencing hyperglycemia and 11 reports of diabetic ketoacidosis from January 2023 to September 2024 potentially related to the battery issue. The FDA has classified the recall as a Class I, the most serious type. Medtronic ( MDT ) said it began notifying pump users about the problem in July. The company advises pump users to carry extra batteries and back-up therapy in case of a battery problem. Users should also follow the pump's built-in alarms
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TNDM
News
- Insulin Pump Market Valuation to Jump to Reach US$ 25.40 Billion by 2033 | India and China Offering Lucrative Growth Opportunities Says Astute Analytica [Yahoo! Finance]Yahoo! Finance
- Tandem Diabetes Care, Inc. (NASDAQ: TNDM) had its price target lowered by analysts at Citigroup Inc. from $57.00 to $50.00. They now have a "buy" rating on the stock.MarketBeat
- Tandem t:slim X2 Insulin Pump Now Compatible with Dexcom G7 CGM in CanadaBusiness Wire
- Tandem Diabetes Care, Inc. (NASDAQ: TNDM) was upgraded by analysts at Morgan Stanley from an "equal weight" rating to an "overweight" rating. They now have a $45.00 price target on the stock.MarketBeat
- Tandem Diabetes: Recurring Value Erosion, Not Right Point In Cycle To Own [Seeking Alpha]Seeking Alpha
TNDM
Earnings
- 11/6/24 - Beat
TNDM
Sec Filings
- 12/18/24 - Form 4
- 12/18/24 - Form 4
- 11/22/24 - Form 4
- TNDM's page on the SEC website