SAN DIEGO / Jun 23, 2023 / Business Wire / Dexcom, Inc. (NASDAQ: DXCM), the global leader in real-time continuous glucose monitoring (CGM) for people living with diabetes, announced today its strategy to bring Dexcom glucose sensing technology to millions more people around the globe and new Dexcom CGM research featured at the 83rd Scientific Sessions of the American Diabetes Association being held June 23-26 in San Diego.
During Dexcom’s Investor Day event held earlier today the company revealed plans to bring a new product to market in the U.S. in 2024, designed specifically for people who don’t use insulin (which is about 70% of Americans living with diabetes).* The product, which will feature a 15-day sensor and include a cash-pay option, will also offer a new software experience tailored for people not on insulin.
“Dexcom is building a world in which our care for users includes not only helping them in the management of chronic conditions, but the potential to help prevent the onset and progression of disease through better metabolic health,” said Kevin Sayer, chairman, president and CEO of Dexcom. “There is so much that people who don’t use insulin can learn by receiving continuous glucose data and seeing first-hand how diet, exercise, sleep, stress and other factors affect their overall health.”
Additionally, new projections following the expansion of Medicare CGM coverage in April show that 3-4 million people in the U.S. have a history of problematic hypoglycemia,* and many of them are now covered for CGM through Medicare’s expanded policy.† In addition, commercial insurers in the U.S. are following Medicare’s lead to cover CGM for people living with Type 2 diabetes on basal insulin faster than expected, with 60% commercial coverage for this population already in place.1 This important group of people with Type 2 diabetes can now more easily access Dexcom G7, the most accurate CGM system,2 which 96% of users say is easy to use.2
“Thanks to our efforts to continually expand coverage, millions more people now have access to Dexcom CGM and our industry-leading features such as connectivity to multiple automated insulin delivery systems, the Urgent Low Soon alert, and Follow—Dexcom-pioneered features that help keep users safe by helping them avoid extreme glucose fluctuations and stay within target range,” said Teri Lawver, executive vice president and chief commercial officer at Dexcom.
As diabetes becomes increasingly prevalent, it’s more important than ever for people with all types of diabetes around the world to have better access to the #1 recommended CGM brand.4,5 Dexcom G7 has now launched in 14 countries across five continents, and the recent launch of Dexcom ONE in Argentina marks Dexcom’s first entrance into Latin America.
This weekend during the 83rd Scientific Sessions of ADA, Dexcom will be prominently featured in key symposia, posters and presentations that demonstrate the positive impact of Dexcom CGM on health outcomes and cost savings. Highlights of these exhibitions include:
Pioneering industry leading CGM technology
Dexcom G7 is the most accurate,2 simple to use2 CGM system available, with the best coverage.3
Driving unparalleled connectivity
Dexcom CGM works with more automated insulin delivery systems than any other CGM brand globally. With more than 30 published studies6 and 10 years of industry partnerships, Dexcom is the clear choice for AID systems.
Expanding access to those who can benefit
With expanded coverage, Dexcom is a premier CGM for people with Type 2 diabetes using insulin and at high-risk for hypoglycemia.
Charting a new frontier of sensing technology
Dexcom is defining the future of CGM—developing a new product for people who don’t use insulin.
For more information about the 83rd Scientific Sessions of the ADA and to register to virtually attend the conference, visit professional.diabetes.org/scientific-sessions. To watch a recording of Dexcom’s 2023 Investor Day presentation, visit investors.dexcom.com.
About Dexcom, Inc.
Dexcom, Inc. empowers people to take real-time control of health through innovative continuous glucose monitoring systems. Headquartered in San Diego, Calif., and with operations across Europe and select parts of Asia/Oceania, Dexcom has emerged as a leader of diabetes care technology. By listening to the needs of users, caregivers, and providers, Dexcom works to simplify and improve diabetes management around the world. For more information on Dexcom, visit Dexcom.com.
Cautionary Statement Regarding Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934 that involve risks and uncertainties, including, without limitation, the expected features and timing of launch of a new product in the U.S. in 2024 and Dexcom’s participation in the 83rd Scientific Sessions of the ADA. Statements containing words such as “could,” “believe,” “expect,” “intend,” “will,” or similar expressions constitute forward-looking statements. For information about potential factors that could affect Dexcom’s business and financial results, please review the “Risk Factors” described in Dexcom’s Quarterly Report on Form 10-Q for the three months ended March 31, 2023, filed with the Securities and Exchange Commission (SEC) on April 27, 2023, and in Dexcom’s other filings with the SEC. Except as may be required by law, Dexcom does not intend, and undertakes no duty, to update this information to reflect future events or circumstances.
Disclosure Information
Dexcom uses and intends to continue to use its Investor Relations website (investors.dexcom.com) as a means of disclosing material information to the public and for complying with its disclosure obligations under Regulation FD. Accordingly, investors should monitor Dexcom’s Investor Relations website, in addition to following the company’s press releases, SEC filings, public conference calls, presentations, and webcasts.
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*Estimates based on CDC National Diabetes Statistics Report, where available, and internal market research. †Medicare covers Dexcom CGM for patients who meet the Medicare coverage criteria. For a list of Medicare coverage criteria, visit the Centers for Medicare and Medicaid Services website.
1 MMIT, May 2023. 2 Dexcom, data on file, 2022. 3 Managed Markets Insights & Technology, LLC. MMIT Analytics, June 2022. 4 d&A US Q1 2021 Diabetes Connections Patient Panel Report.2021;69-72. 5 Seagrove HCP Survey Q1 2021. 2021;65. 6 Peacock S, et al. Diabetes Ther. 2023;14(5):839-855.
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