First ADA Surprise
Late this morning Dexcom (NASDAQ:DXCM) announced that Terrance H. Gregg will become president and chief executive, replacing Andy Rasdal who will remain as a board member and adviser during the transition. This is excellent news for Dexcom as Mr. Gregg brings a wealth of diabetes experience having previously run insulin pump maker MiniMed. As we reported earlier today the CGM market faces numerous issues and challenges over the near term. Diabetic Investor cannot think of better person than Mr. Gregg to shepherd Dexcom through this period.