Economy Insulet works with Abbott and Dexcom on diabetes

Insulet works with Abbott and Dexcom on diabetes

-

Insulet Corp. (NASDAQ: PODD) hit its 52-week high on February 19 after the announcement of two partnerships that further strengthen its leadership in the continuous glucose monitoring market.

The Acton, Massachusetts-based company, which trades at just over $ 211 and a market capitalization of over $ 13 billion, may be too expensive for both investors and potential buyers. According to an article in the medical technology and diagnostics industry that was updated in mid-2019, the company is on the list of the 25 most attractive public acquisition targets in medical technology.

Individual investors must take into account the latest Insulet analyst forecasts. According to CNN Business, the company is classified as a hold by 18 analysts. Meanwhile, the 14 analysts offering a price target set the median at $ 185, with the high at $ 213 and the low at $ 125. The company reports fourth quarter and full year 2019 earnings on February 25, so this is certainly something to keep an eye on. Insulet’s sales and earnings exceeded expectations in the third quarter.

Insulet’s most recent alliances are with Abbott Laboratories (NYSE: ABT) and Dexcom Inc. (NASDAQ: DXCM). Both deals focus on Insulet’s Omnipod Horizon Automated Delivery System, which is being tested in the United States. Omnipod is merged with Abbott’s highly anticipated Freestyle Libre 2, which is awaiting approval from the Food and Drug Administration.

b0e7732af67fcc64ce39615c33fd4118.png

b0e7732af67fcc64ce39615c33fd4118.png

This agreement with Dexcom builds on the integration efforts of the two companies and officially plans to launch Omnipod.

Dexcom’s stock performance has been even better than Insulet’s for the past 52 weeks. The price rose by more than 185%. The San Diego-based company sells for over 265 high value. It has been valued with a buy, with 16 analysts assigning it a median target of $ 300, which is between a high of $ 316 and a low of 270 USD is. Dexcom closed at $ 291 on February 21.

Most Recommended Web hosting

World News : archywordys.com

At least part of the enthusiasm for Insulet and Dexcom must be the size and growth rate of the market for CGM. According to a report by Allied Market Research, it is expected to reach nearly $ 5 billion by 2024 and reach an average annual growth rate of almost 23% from 2018 to 2024. The monitoring systems enable patients to better treat diabetes by giving them real-time glucose levels and notifying them when they are approaching hypoglycemia. A major problem for manufacturers is the lack of reimbursement of the devices.

The International Diabetes Federation reports that around 463 million adults worldwide have diabetes. by 2045 this number will increase to 700 million. About 20% of people aged 65 and over suffer from diabetes. The disease causes more than 4 million deaths annually.

Disclosure: The author does not hold positions in the stocks mentioned in this article.

Read more here:

<p class = "Artboard-Atom Artboard-Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Not a premium member of GuruFocus? Sign up for one Free 7-day trial here,“data-reactid =” 43 “>Not a premium member of GuruFocus? Sign up for one Free 7-day trial here,

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "This article was first published on guru Focus,
“data-reactid =” 44 “> This article first appeared on GuruFocus.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest news

a man kills two people with a knife in the city center

In the streets of Romans-sur-Isere, April 4. JEFF PACHOUD / AFPA man stabbed several people in the...

Groko’s comeback in Germany

Who would have...

Covid-19: falling free money for fear of coronavirus transmission

"Contactless payment only", "No cash" ... Typed or scribbled by hand, these posters flourish on the front of certain...

The fall of Kipsang, the only one who beat Kipchoge: arrested for going to the bar in full confinement

JAVIER SNCHEZSaturday, 4 April 2020 - 12:49 The former world marathon record holder had to spend the night in the dungeon for skipping the curfew...

Time travel as a quantum trick | Science

Stephen King has a novel titled 11/22/63 where you go back in time through a restaurant hallway. In this...

Kurt Tucholsky & Co: Fake Quotes, The Plague of the Internet

literature Kurt Tucholsky & Co Fake quotes, the plague of the Internet As...

Must read

You might also likeRELATED
Recommended to you