MiniMed Launches First MiniMed Flex System in the U.S.
MiniMed announced its first commercial launch of the MiniMed Flex system in the U.S.- its first app-controlled pump and the company's smallest insulin pump yet. The system launches with Simplera Sync sensor, a disposable, all-in-one sensor with easy two-step insertion. The launch with the Instinct sensor, made by Abbott, will follow later this summer. For years, people who use insulin pumps have had to think about where and how they wear their device each day. While diabetes technology has advanced, many still had to choose between clinical performance and a pump that works with their lifestyle. Few products have offered both. The MiniMed Flex system is powered by MiniMed's most advanced SmartGuard algorithm - the only system with Meal Detection(TM) technology that detects rapid rises in sensor glucose and delivers a correction dose for occasional missed meal boluses or underestimated carb counts. The MiniMed Flex system is FDA cleared for people with type 1 diabetes ages 7 years and older, as well as adults ages 18 years and older with insulin-requiring type 2 diabetes. Reimbursement support and access programs are available through MiniMed's customer support team.
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- Board Expansion: MiniMed announces the addition of David Endicott and Linnea Burman to its Board of Directors, increasing the board size from nine to eleven members, aimed at enhancing leadership and strategic execution as the company operates independently.
- Leadership Experience: Endicott, as CEO of Alcon, brings global healthcare leadership experience, particularly in public market separation and operations in large regulated sectors, which is expected to provide significant support for MiniMed's growth and technological advancements.
- Strategic Role Allocation: Endicott will serve on the Board's Compensation and Talent Committee, while Burman, as Senior Vice President at Medtronic, strengthens MiniMed's leadership position in diabetes technology, enhancing operational depth and strategic insight.
- Technological and Market Impact: MiniMed is committed to improving the quality of life for diabetes patients through advanced insulin delivery systems and CGM technology, with new board members expected to drive market expansion and innovation across over 80 countries.
- Board Expansion: MiniMed announces the addition of David Endicott and Linnea Burman to its Board of Directors, increasing the board size from nine to eleven members, aimed at enhancing leadership and strategic execution in its independent operations.
- Leadership Experience: Endicott, as CEO of Alcon, brings global healthcare leadership experience, particularly in public market separation and operations in large regulated sectors, which is crucial for MiniMed's future growth.
- Technology and Market Opportunities: Endicott stated that MiniMed has a long history in diabetes care and a clear opportunity to simplify care for more people, which will drive advancements in the company's technology and expand its global impact.
- Shareholder Support: Medtronic plc, as the majority shareholder of MiniMed, continues to support the company's independent development and has designated Burman to the board, further strengthening the board's operational and strategic leadership capabilities.
- Product Innovation: MiniMed has launched its first MiniMed Flex™ system in the U.S., which is the company's smallest insulin pump to date, representing a significant technological advancement in diabetes management that is expected to enhance patient experience and adherence.
- Smart Control: The system features the Simplera Sync™ sensor, designed for easy two-step insertion and disposable use, aiming to simplify user operations and thereby improve daily management efficiency for diabetes patients.
- Market Potential: The introduction of the MiniMed Flex™ system addresses the U.S. demand for portable and smart insulin pumps, likely attracting more insulin-dependent type 1 and type 2 diabetes patients and further expanding the company's market share.
- Future Plans: MiniMed plans to launch a compatible product with the Instinct sensor made by Abbott later this summer, which will further enhance the competitiveness of its product line and drive ongoing innovation in diabetes management.
- Product Launch: MiniMed has launched its first smart insulin pump, the MiniMed Flex™, in the U.S., which is the company's smallest model yet, capable of holding 300 units of insulin, aimed at providing a more flexible lifestyle for type 1 and insulin-requiring type 2 diabetes patients.
- Technological Innovation: The MiniMed Flex™ system features the Simplera Sync™ sensor with an easy two-step insertion process, while its SmartGuard™ algorithm can automatically adjust insulin delivery every five minutes, helping users maintain 80% Time in Range (TIR).
- Enhanced User Experience: The system is designed to simplify diabetes management in daily life, reducing the number of injections required compared to traditional insulin therapy, allowing users to benefit from up to seven days of wear, significantly improving quality of life.
- Market Potential: The MiniMed Flex™ system is FDA cleared for individuals aged 7 and older with type 1 diabetes and adults aged 18 and older with insulin-requiring type 2 diabetes, which is expected to drive further growth for the company in the diabetes management market.
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