Yesterday Senseonics reported first quarter results which came in ahead of Street estimates which is nice but in the grand scope of things immaterial. The stock is down some 20% over the past year and it’s difficult to find any reason to recommend it. What’s even more amazing is the company has a market cap of around $500 million. About the only hope here is that Ascensia buy what they don’t already own but why would they throw good money after bad?

We initially believed that if they did buy it, they could transform the system from . . .

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