Yahoo Finance Insulet (PODD) Unveils Key Achievements for the Omnipod 5 System
Insulet Corp. PODD recently announced that its Omnipod 5 Automated Insulin Delivery (“AID”) system is now available in France with Dexcom’s DXCM G6 sensor integration. Additionally, the company made the full commercial launch of the system with G7 compatibility in the United States and rolled out the Omnipod 5 App through a limited market release for iPhone.
These significant developments reflect Insulet’s efforts to make its ground-breaking diabetes technology available to more people globally.
More on the Latest Achievements
Omnipod 5 is currently eligible for people aged two years and above with Type 1 diabetes. The tubeless AID system communicates with a continuous glucose monitor (CGM), proactively correcting for highs and protecting against lows — day and night. Compatible with Dexcom G6 CGM, Omnipod 5 recently received reimbursement status from the French National Authority for Health (Haute Autorité de Santé or HAS). Following the latest expansion, the system is now available to most of the company’s European customers.
Furthermore, Omnipod 5 with Dexcom G7 compatibility is now commercially available in the United States. The new Omnipod 5 customers will receive the updated starter kit, which includes a new Pod compatible with both Dexcom G6 and Dexcom G7 and a Controller now featuring user-selectable Dexcom CGM options to connect to the Pod. The company expects to avail of a free remote software update for the existing Omnipod 5 users in the United States in the week of Jul 29.
Image Source: Zacks Investment Research
Additionally, Insulet began the highly anticipated limited market release of the Omnipod 5 App for iPhone users in the United States. This makes it the first and only company to offer a tubeless AID system fully controllable from a compatible Android or iOS smartphone. The waterproof Pod and mobile app control have been designed for better customer satisfaction, aiming to deliver exceptional ease of use.
The Omnipod 5 App for iPhone will initially launch with Dexcom G6 integration, followed by G7 sensor pairing in the future. The company plans to inform the broader diabetes community about the availability of the Omnipod 5 App for iPhone on the App Store.
Industry Prospects
Per a Research report, the global insulin delivery devices market was valued at $12.5 billion in 2021 and is expected to witness a CAGR of 7.4% by 2030.
A major contributor to the market expansion is the increasing number of diabetes patients due to aging, obesity and unhealthy lifestyles. Moreover, the strong demand for advanced insulin delivery devices is fueling the adoption of recently launched innovative pen devices and portable pumps, which is likely to accelerate the market’s growth.
Recent Developments
In a separate release, Insulet announced that Omnipod 5, with both Dexcom G6 and Abbott’s FreeStyle Libre 2 Plus CGM sensors, is now fully available in the United Kingdom and the Netherlands. Growing the market reach of Omnipod 5 has been one of the top priorities for the company. The expanded sensor integrations allow thousands more people with diabetes to experience the freedom of tubeless, automated insulin delivery without having to switch their CGM sensor brand.
In March 2024, PODD announced positive results from its first randomized controlled trial showing improved glycemic and patient-reported outcomes in type 1 diabetes with Omnipod 5. The outcome of the OP5-003 Trial was presented at the 17th International Conference on Advanced Technologies & Treatments for Diabetes in Florence, Italy. The findings demonstrated the superiority of Omnipod 5 compared to standard pump therapy with CGM for people with type 1 diabetes.
Price Performance
In the past year, Insulet shares have declined 31.1% compared with the industry’s fall of 1.7%.
Zacks Rank and Key Picks
Insulet currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader medical space are Hims & Hers Health HIMS and Medpace MEDP. While Hims & Hers Health sports a Zacks Rank #1 (Strong Buy), Medpace carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks Rank #1 stocks here.
Hims & Hers Heath stock has surged 165.9% in the past year. Estimates for the company’s earnings have moved upward from 18 cents to 19 cents in 2024 and from 33 cents to 35 cents in 2025 in the past seven days.
HIMS’ earnings beat estimates in three of the trailing four quarters and missed in one, delivering an average surprise of 79.2%. In the last reported quarter, it posted an earnings surprise of a staggering 150%.
Estimates for Medpace’s 2024 earnings per share have remained constant at $11.29 in the past 30 days. Shares of the company have surged 81.9% in the past year compared with the industry’s 5% growth.
MEDP’s earnings surpassed estimates in each of the trailing four quarters, the average surprise being 12.8%. In the last reported quarter, it delivered an earnings surprise of 30.6%.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
DexCom, Inc. (DXCM) : Free Stock Analysis Report
Insulet Corporation (PODD) : Free Stock Analysis Report
Medpace Holdings, Inc. (MEDP) : Free Stock Analysis Report
Hims & Hers Health, Inc. (HIMS) : Free Stock Analysis Report
