Modular Medical Launches Tubeless Insulin Patch Pump
Modular Medical announced that the Pivot, tubeless insulin patch pump, is now commercially available. This marks the start of real-world patient use, and the Company's transition to a commercial-stage medical device company. "Reaching commercial availability is a transformational milestone that marks Modular Medical's transition from a development-stage company to a revenue-generating commercial business," said Jeb Besser, Chief Executive Officer of Modular Medical. "As only the second fully electronic tubeless pump on the U.S. market, Pivot is positioned to serve a large, underserved 'almost-pumper' population. With first shipments beginning this week, we are focused on disciplined execution, as we scale adoption and seek to build long-term value for patients and shareholders."