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Tandem (TNDM) Presents Data Backing Control-IQ Technology
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Tandem Diabetes Care, Inc. (TNDM - Free Report) recently presented data on real-world use of the t:slim X2 insulin pump with Control-IQ advanced hybrid closed-loop technology at the 14th International Conference on Advanced Technologies and Treatments for Diabetes (ATTD). Several presentations, including a plenary session held at the ATTD conference, reported detailed positive outcomes.
This automated insulin delivery system exhibited instant and sustained improvement in Time in Range (TIR) for 9,000 diabetic patients over 12 months. Further, patient-reported outcomes on Control-IQ technology demonstrated reduced diabetes burden and improved sleep quality. This suggests that the Control-IQ technology has the potential to have a positive and sustained impact on the lives of diabetic patients.
A Glance at Tandem’s Presentations
On Jun 3 2021, Tandem presented glycemic trends in people with type 1 diabetes on the basis of their time of adoption of the t:slim X2 insulin pump with Control-IQ technology. Three study sample groups consisting of 6,233 participants with type 1 diabetes were evaluated based on their adoption of the Control-IQ technology within four weeks (Group A), between 3-4 months (Group B) and 5-6 months (Group C) of its launch. Moreover, the study showed significant improvement in sensor TIR in all three groups, irrespective of the time of adoption of the Control-IQ technology.
On Jun 4 2021, the company presented real-world observations from the ongoing Control-IQ Observational study assessing outcomes on the quality of life and glycemic control from the real-world use of t:slim X2 pump with Control-IQ technology in diverse groups of people with type 1 diabetes. In addition to improved glycemic profiles, patient-reported outcomes at baseline and three months after the use of Control-IQ technology exhibited significant reductions in diabetes impact and improved patient satisfaction with Control-IQ technology in comparison to their previous insulin delivery devices.
A plenary session conducted on the same day discussed advances in closed-loop systems. The outcomes from 12 consecutive months of real-world Control-IQ technology use on 1 billion data points showed an overall median TIR of 73.6%.
A corporate symposium discussing user experience and clinical outcomes of the t:slim X2 insulin pump use with Control-IQ technology reported improved night time glycemic control.
Industry Prospects
Per a report published in PR Newswire, the global automated insulin delivery systems market is expected to see a CAGR of 6.0% by 2027. Factors like rising diabetic population worldwide, technological developments, several research investments in diabetes management, favorable reimbursement policies and rising awareness programs are expected to drive market growth.
Given the huge market potential, favorable data supporting Tandem’s automated insulin delivery system bears strategic prospects.
Notable Developments
In its earnings call for first-quarter 2021, the company reported 44% year-over-year growth in worldwide sales, while domestic sales registered a 30% year-over-year surge.
As part of R&D activities, the company informed the recent initialization of participant enrolment for a new study featuring the use of Control-IQ technology in children aged two years and above.
In March 2021, Tandem received an FDA response to its mobile bolus submission filed in the fourth quarter of 2020. The clearance for this highly sought after feature is, however, still in the process.
Share Price Performance
The stock has gained 12.8%, underperforming the industry’s 21% rally over the past year.
Zacks Rank and Key Picks
Currently, Tandem carries a Zacks Rank #3 (Hold).
Some better-ranked stocks from the broader medical space include PetIQ, Inc. (PETQ - Free Report) , Intuitive Surgical, Inc. (ISRG - Free Report) and IDEXX Laboratories, Inc. (IDXX - Free Report) .
Intuitive Surgical, which presently carries a Zacks Rank #1, has a long-term earnings growth rate of 9.4%.
IDEXX Laboratories, which carries a Zacks Rank #2 (Buy) at present, has a long-term earnings growth rate of 19.6%.
+1,500% Growth: One of 2021’s Most Exciting Investment Opportunities
In addition to the stocks you read about above, would you like to see Zacks’ top picks to capitalize on the Internet of Things (IoT)? It is one of the fastest-growing technologies in history, with an estimated 77 billion devices to be connected by 2025. That works out to 127 new devices per second.
Zacks has released a special report to help you capitalize on the Internet of Things’s exponential growth. It reveals 4 under-the-radar stocks that could be some of the most profitable holdings in your portfolio in 2021 and beyond.
Image: Bigstock
Tandem (TNDM) Presents Data Backing Control-IQ Technology
Tandem Diabetes Care, Inc. (TNDM - Free Report) recently presented data on real-world use of the t:slim X2 insulin pump with Control-IQ advanced hybrid closed-loop technology at the 14th International Conference on Advanced Technologies and Treatments for Diabetes (ATTD). Several presentations, including a plenary session held at the ATTD conference, reported detailed positive outcomes.
This automated insulin delivery system exhibited instant and sustained improvement in Time in Range (TIR) for 9,000 diabetic patients over 12 months. Further, patient-reported outcomes on Control-IQ technology demonstrated reduced diabetes burden and improved sleep quality. This suggests that the Control-IQ technology has the potential to have a positive and sustained impact on the lives of diabetic patients.
A Glance at Tandem’s Presentations
On Jun 3 2021, Tandem presented glycemic trends in people with type 1 diabetes on the basis of their time of adoption of the t:slim X2 insulin pump with Control-IQ technology. Three study sample groups consisting of 6,233 participants with type 1 diabetes were evaluated based on their adoption of the Control-IQ technology within four weeks (Group A), between 3-4 months (Group B) and 5-6 months (Group C) of its launch. Moreover, the study showed significant improvement in sensor TIR in all three groups, irrespective of the time of adoption of the Control-IQ technology.
On Jun 4 2021, the company presented real-world observations from the ongoing Control-IQ Observational study assessing outcomes on the quality of life and glycemic control from the real-world use of t:slim X2 pump with Control-IQ technology in diverse groups of people with type 1 diabetes. In addition to improved glycemic profiles, patient-reported outcomes at baseline and three months after the use of Control-IQ technology exhibited significant reductions in diabetes impact and improved patient satisfaction with Control-IQ technology in comparison to their previous insulin delivery devices.
A plenary session conducted on the same day discussed advances in closed-loop systems. The outcomes from 12 consecutive months of real-world Control-IQ technology use on 1 billion data points showed an overall median TIR of 73.6%.
A corporate symposium discussing user experience and clinical outcomes of the t:slim X2 insulin pump use with Control-IQ technology reported improved night time glycemic control.
Industry Prospects
Per a report published in PR Newswire, the global automated insulin delivery systems market is expected to see a CAGR of 6.0% by 2027. Factors like rising diabetic population worldwide, technological developments, several research investments in diabetes management, favorable reimbursement policies and rising awareness programs are expected to drive market growth.
Given the huge market potential, favorable data supporting Tandem’s automated insulin delivery system bears strategic prospects.
Notable Developments
In its earnings call for first-quarter 2021, the company reported 44% year-over-year growth in worldwide sales, while domestic sales registered a 30% year-over-year surge.
As part of R&D activities, the company informed the recent initialization of participant enrolment for a new study featuring the use of Control-IQ technology in children aged two years and above.
In March 2021, Tandem received an FDA response to its mobile bolus submission filed in the fourth quarter of 2020. The clearance for this highly sought after feature is, however, still in the process.
Share Price Performance
The stock has gained 12.8%, underperforming the industry’s 21% rally over the past year.
Zacks Rank and Key Picks
Currently, Tandem carries a Zacks Rank #3 (Hold).
Some better-ranked stocks from the broader medical space include PetIQ, Inc. (PETQ - Free Report) , Intuitive Surgical, Inc. (ISRG - Free Report) and IDEXX Laboratories, Inc. (IDXX - Free Report) .
PetIQ, currently sporting a Zacks Rank #1 (Strong Buy), has a long-term earnings growth rate of 25%. You can see the complete list of today’s Zacks #1 Rank stocks here.
Intuitive Surgical, which presently carries a Zacks Rank #1, has a long-term earnings growth rate of 9.4%.
IDEXX Laboratories, which carries a Zacks Rank #2 (Buy) at present, has a long-term earnings growth rate of 19.6%.
+1,500% Growth: One of 2021’s Most Exciting Investment Opportunities
In addition to the stocks you read about above, would you like to see Zacks’ top picks to capitalize on the Internet of Things (IoT)? It is one of the fastest-growing technologies in history, with an estimated 77 billion devices to be connected by 2025. That works out to 127 new devices per second.
Zacks has released a special report to help you capitalize on the Internet of Things’s exponential growth. It reveals 4 under-the-radar stocks that could be some of the most profitable holdings in your portfolio in 2021 and beyond.
Click here to download this report FREE >>