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Stock impact report

Why Tandem Diabetes Care Stock Thrashed the Market Today [Yahoo! Finance]

Tandem Diabetes Care, Inc. (TNDM) 
Last tandem diabetes care, inc. earnings: 4/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.tandemdiabetes.com
Company Research Source: Yahoo! Finance
Tandem Diabetes Care (NASDAQ: TNDM) had some encouraging news to report on the regulatory front Thursday, and after it hit the headlines investors piled into the stock. At the end of the day the highly specialized healthcare company's share price had risen in excess of 4%, good enough to top the 1.7% rise of the benchmark S&P 500 index. Crucial approval granted Tandem announced Thursday morning that it had won an important approval from the European Union's (EU) European Medicines Agency (EMA). The green light was turned on for the company's t:slim X2 automated insulin delivery (AID) pump to be used to deliver Eli Lilly 's (NYSE: LLY) Lyumjev -- an ultra-rapid acting insulin product. Although Lyumjev earned its approval in the 27-nation body back in 2020, the stringent testing the EU requires of pump manufacturers meant Tandem's product needed some time to catch up. Eli Lilly and Tandem teamed up in the testing of the former's insulin product with the latter's delivery system. Show less Read more
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