BUZZ-Dexcom rises as FDA clears use of its 15-day continuous glucose monitor

Reuters
04-10
BUZZ-Dexcom rises as FDA clears use of its 15-day continuous glucose monitor

** Shares of medical device maker Dexcom DXCM.O rise 8.6% to $72.60 premarket

** Co says U.S. FDA has cleared its 15-day continuous glucose monitoring (CGM) device called Dexcom G7 15 Day for people over the age of 18 with diabetes in the United States

** Co says the CGM lasts for 15.5 days and helps in "easier glucose management with fewer monthly sensors and reduced monthly waste"

** Co's other G7 CGM lasts for up to 10 days, while its over-the-counter CGM Stelo also lasts for 15 days

** Approval for co's 15-day CGM should provide momentum through 2025, brokerage William Blair had said in a note in February

** Up to last close, stock had fallen 14.1% YTD

(Reporting by Sneha S K )

(( Sneha.SK@thomsonreuters.com))

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