Chutzpah with a capital C
Today while insiders we’re selling Livongo CEO Glen Tullman, who was among the sellers, appeared on CNBC. According to the CNBC website “Glen Tullman, executive chairman and founder of Livongo Health, joins “Squawk on the Street” to discuss how his company is working to monitor coronavirus patients from home.” Yet during the interview which can be found at https://www.cnbc.com/video/2020/03/30/livongo-health-founder-glen-tullman-on-fighting-coronavirus-with-remote-monitoring.html, Mr. Tullman failed to mention one specific thing Livongo was doing...
Looking for good
Momma Kliff used to say when possible look for the good that comes from a bad situation. Well Mom just might have a field day given how bad things look right now. The country is basically on lockdown until the end of April, several companies have halted clinical trials or put major projects on hold. No one is quite sure what impact the coronavirus will have on sales, but no...
Continued Fallout
This morning as anticipated Senseonics effectively ceased operations. Per an 8-K filed today; “As part of the previously announced strategic review that Senseonics Holdings, Inc. (the “Company”) is conducting in connection with its evaluation of strategic alternatives, and considering the impact of the COVID-19 global pandemic on access to physician offices and medical facilities, the Company is, effective immediately, suspending commercial sales in the United States of its 90-day Eversense continuous...
An apple a day
There’s a very old saying that an apple a day keeps the doctor away. Now we have no idea who came up with it or how many times it’s been used but when it comes to cliché’s this has to be in the top five. We were reminded of this cliché while reading yet another press release from DarioHealth a company which is supposed to be in the conventional BGM...
The Invisible Threat
The coronavirus isn’t the only invisible threat we’re facing these days. As the diabetes device world continues to become interconnected with information being seamlessly shared a new hidden threat has emerged. Just the other day the Department of Homeland Security issued an advisory regarding the OmniPod PDM. The advisory states; “Successful exploitation of this vulnerability may allow an attacker to gain access to the affected products to intercept, modify, or interfere...
The Blame Game Begins
As we head into a well deserved Holiday weekend Diabetic Investor finds it amusing that Exubera has gone from a sure-fire blockbuster product to one of the worst product launches in history. Recently there have several articles written about Exubera and just how badly the product has performed. The most recent came today in the San Jose Mercury News- http://www.mercurynews.com/business/ci_6767521?nclick_check=1. Diabetic Investor can’t resist a little gloating here as...
All but over
There are times when we honestly wish when predictions we make don’t come true. Sadly that it is not the case when it comes to Senseonics who this morning issued a press release which stated; “Senseonics Holdings, Inc. (NYSE-American: SENS), a medical technology company focused on the development and commercialization of the first and only long-term, implantable continuous glucose monitoring (CGM) system – the Eversense® CGM System – today announced that...
Gauging the impact
While it seems unthinkable at the moment at some point the coronavirus crisis will pass and life will get back to normal or whatever the new normal will be. No one knows when that day will come all we know is it will come. That being said it’s worthwhile to look ahead and gauge the impact this crisis will have on the business of diabetes. It’s understandable during this time of...
Uncharted Waters
Social distancing, bars and restaurants closed, schools closed, no sports of any kind and the elbow rub has replaced hand shacks. This as we all know is the new reality, we now live in. To say that states are taking extraordinary measures to combat the spread of the coronavirus is the biggest understatement of the century. Yes one day this will come to end, and life will get back to...
Will they make it?
As difficult as it may be business in the wacky world must go on at least for some. This afternoon after the markets closed, thank goodness, Senseonics reported fourth quarter and full year results. The results unfortunately were not promising and there is serious doubt the company can remain afloat. Even before the results were released, we knew the company was running out of money and barring a fresh capital...