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DXCM INVESTORS: DexCom, Inc. Hit with Securities Class Action after 20% Stock Drop – Contact BFA Law by December 26 Court Deadline
Globenewswire· 2025-11-11 13:19
Core Viewpoint - A class action lawsuit has been filed against DexCom, Inc. for securities fraud following significant stock declines attributed to potential violations of federal securities laws [1][2]. Group 1: Lawsuit Details - The lawsuit is based on claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, representing investors in DexCom securities [2]. - Investors have until December 26, 2025, to request to lead the case, which is pending in the U.S. District Court for the Southern District of New York [2]. Group 2: Product Issues - DexCom manufactures continuous glucose monitoring systems, including the G6 and G7, which were marketed as highly accurate [3]. - Allegations state that unauthorized design changes were made to the G6 and G7, compromising their accuracy and exposing users to health risks [4]. Group 3: Stock Performance - DexCom's stock experienced significant declines due to quality issues with the G6 and G7, including a drop of $7.12 per share (over 9%) following an FDA warning letter on March 7, 2025 [5]. - After the FDA published the warning letter on March 25, 2025, the stock fell another $3.19 per share (over 4%) [6]. - A report by Hunterbrook on September 18, 2025, revealed severe issues with the G7, leading to a nearly 12% drop of $8.99 per share [7].
DXCM STOCK NOTICE: DexCom, Inc. Investors with Losses may have been Misled by the Company and are Urged to Contact BFA Law by December 26 Deadline
Newsfile· 2025-11-10 11:07
Core Viewpoint - A class action lawsuit has been filed against DexCom, Inc. for securities fraud, alleging that the company misled investors about the reliability and accuracy of its continuous glucose monitoring systems, leading to significant stock declines [2][4]. Company Overview - DexCom, Inc. specializes in manufacturing continuous glucose monitoring (CGM) systems, including the Dexcom G6 and G7 models [5]. Allegations and Issues - The lawsuit claims that DexCom made unauthorized design changes to the G6 and G7, which compromised the accuracy of the devices and posed potential health risks to customers [6]. - The company allegedly prioritized cost-cutting over safety, ignoring critical safety issues [6]. Stock Performance and Impact - DexCom's stock experienced significant declines due to revelations about quality issues: - On March 7, 2025, the stock fell by $7.12 per share (over 9%) following an FDA warning letter regarding manufacturing concerns [7]. - After the FDA's public disclosure on March 25, 2025, the stock dropped another $3.19 per share (over 4%) [8]. - A report published on September 18, 2025, led to a nearly 12% decline, with the stock dropping $8.99 per share over two trading days [9].
DXCM DEADLINE: DexCom, Inc. Investors with Losses are Notified to Contact BFA Law before December 26 Securities Class Action Deadline
Newsfile· 2025-11-08 11:06
Core Viewpoint - A class action lawsuit has been filed against DexCom, Inc. for securities fraud due to significant stock drops linked to potential violations of federal securities laws [1][3]. Group 1: Lawsuit Details - Investors have until December 26, 2025, to request to lead the case in the U.S. District Court for the Southern District of New York [3]. - The lawsuit claims violations under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [3]. Group 2: Product Issues - DexCom manufactures continuous glucose monitoring systems, including the G6 and G7, which were marketed as highly accurate [4]. - Allegations state that unauthorized design changes were made to the G6 and G7, compromising their accuracy and posing health risks to customers [5]. Group 3: Stock Performance - DexCom's stock experienced significant declines due to revelations about product quality issues, including a drop of $7.12 per share (over 9%) following an FDA warning letter on March 7, 2025 [6]. - After the FDA published details of unauthorized modifications on March 25, 2025, the stock fell another $3.19 per share (over 4%) [7]. - A report by Hunterbrook on September 18 revealed severe issues, leading to a nearly 12% drop of $8.99 per share over two trading days [8].
DEXCOM CLASS ACTION LAWSUIT: DexCom, Inc. (NASDAQ:DXCM) Investors with Losses are Notified of the Upcoming December 26 Court Deadline – Contact BFA Law
Globenewswire· 2025-11-05 13:06
Core Viewpoint - A class action lawsuit has been filed against DexCom, Inc. and its senior executives for securities fraud following significant stock declines attributed to potential violations of federal securities laws [1][2]. Group 1: Lawsuit Details - Investors have until December 26, 2025, to request to lead the case, which is pending in the U.S. District Court for the Southern District of New York [2]. - The lawsuit asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of DexCom investors [2]. Group 2: Product Issues - DexCom manufactures continuous glucose monitoring systems, including the G6 and G7, which were marketed as highly accurate [3]. - Allegations state that unauthorized design changes were made to the G6 and G7, compromising their accuracy and exposing users to health risks [4]. Group 3: Stock Performance - DexCom's stock experienced significant declines due to quality issues with the G6 and G7, including a drop of $7.12 per share (over 9%) following an FDA warning letter on March 7, 2025 [5]. - After the FDA published the warning letter on March 25, 2025, the stock fell an additional $3.19 per share (over 4%) [6]. - A report by Hunterbrook on September 18, 2025, revealed serious safety concerns, leading to a nearly 12% drop in stock price, equating to $8.99 per share [7].
Stockholder Alert: Robbins LLP Informs Investors of the Dexcom, Inc. Class Action Lawsuit
Prnewswire· 2025-11-03 23:15
Core Viewpoint - A class action lawsuit has been filed against Dexcom, Inc. for allegedly misleading investors about the safety and reliability of its continuous glucose monitoring systems, specifically the G6 and G7 models [1][2]. Allegations - The lawsuit claims that Dexcom made unauthorized material design changes to the G6 and G7 systems, which compromised their reliability and posed health risks to users [2]. - It is alleged that Dexcom overstated the enhancements and reliability of the G7 system while downplaying the severity of issues related to adulterated devices [2]. - The complaint suggests that these actions have exposed Dexcom to increased regulatory scrutiny and potential legal repercussions [2]. Impact of Hunterbrook Report - A report published by Hunterbrook on September 18, 2025, highlighted severe health risks associated with the G7 devices, including incidents of hospitalization and death linked to inaccurate glucose readings [3]. - Following the release of this report, Dexcom's stock price dropped by $8.99 per share, or 11.76%, closing at $67.45 on September 19, 2025 [3]. Class Action Participation - Investors who purchased Dexcom securities between July 26, 2024, and September 17, 2025, may be eligible to participate in the class action, with a deadline for lead plaintiff submissions set for December 29, 2025 [4].
DXCM CLASS ACTION LAWSUIT: A Securities Fraud Class Action has been filed against DexCom, Inc. – Investors are Notified to Contact BFA Law to Potentially Recover Investment Losses
Globenewswire· 2025-11-03 21:10
Core Viewpoint - A class action lawsuit has been filed against DexCom, Inc. and its senior executives for securities fraud following significant stock declines attributed to potential violations of federal securities laws [1][2]. Company Overview - DexCom manufactures continuous glucose monitoring (CGM) systems, including the Dexcom G6 and G7, which were marketed as highly accurate devices [3]. Allegations - The lawsuit alleges that DexCom made unauthorized design changes to the G6 and G7, compromising their accuracy and exposing customers to serious health risks while prioritizing cost reduction over safety [4]. Stock Performance - DexCom's stock experienced notable declines due to revelations about product quality issues: - On March 7, 2025, the stock fell by $7.12 per share (over 9%) following an FDA warning letter regarding manufacturing concerns [5]. - After the FDA's public disclosure on March 25, 2025, the stock dropped another $3.19 per share (over 4%) [6]. - A report published on September 18, 2025, indicated severe safety issues, leading to a nearly 12% decline of $8.99 per share over two trading days [7].
Pomerantz Law Firm Announces the Filing of a Class Action Against DexCom, Inc. and Certain Officers – DXCM
Globenewswire· 2025-10-30 14:00
Core Viewpoint - A class action lawsuit has been filed against DexCom, Inc. and certain officers for alleged violations of federal securities laws during the Class Period from July 26, 2024, to September 17, 2025, seeking damages for misleading statements regarding the company's products and operations [1][5]. Company Overview - DexCom is a medical device company focused on continuous glucose monitoring (CGM) systems for diabetes management, with key products including the Dexcom G6 and G7 systems launched in 2018 and 2023, respectively [4]. Allegations and Misleading Statements - The lawsuit alleges that DexCom made materially false and misleading statements about the G6 and G7 systems, including unauthorized design changes that compromised their reliability and safety, leading to increased health risks for users [5]. - Specific allegations include overstated claims about the G7's accuracy and functionality, downplaying the severity of issues with the devices, and failing to disclose the risk of regulatory scrutiny and potential legal repercussions [5]. Regulatory Issues - On March 7, 2025, DexCom received a warning letter from the FDA regarding manufacturing and quality management concerns, which led to a significant drop in stock price [6]. - The FDA later published the warning letter, confirming that the G6 and G7 products were "adulterated" due to modifications made without prior approval, resulting in larger inaccuracies and increased risks for users [7]. Market Reactions - Following the FDA's warning and subsequent reports of issues with the G7, DexCom's stock experienced notable declines, including a drop of $7.12 per share (9.15%) on March 10, 2025, and further declines after Oppenheimer downgraded the stock rating due to concerns about the G7's performance [6][8][9]. - A report by Hunterbrook highlighted severe health risks associated with the G7, linking inaccuracies to hospitalizations and fatalities, which further impacted DexCom's stock price, resulting in a drop of $8.99 per share (11.76%) [10][11].
Abbott's Q2 Diabetes Care Sales Rise 19.6%: What's Backing It?
ZACKS· 2025-08-06 12:46
Core Insights - Abbott Laboratories' Diabetes Care business is experiencing significant growth, primarily driven by the FreeStyle Libre continuous glucose monitoring (CGM) platform, which has achieved global leadership in the CGM market for both Type 1 and Type 2 diabetes users [1][2]. Company Developments - Abbott has received FDA approvals for two new over-the-counter CGM systems, Lingo and Libre Rio, expanding its consumer reach and marking a new era in the U.S. market [2][8]. - In Q2 2025, Abbott's CGM sales exceeded $1.90 billion, reflecting a 19.6% organic growth, with U.S. Libre sales increasing nearly 26% [4][8]. - The upcoming launch of Abbott's dual-analyte sensor, which includes ketone monitoring, is expected to enhance its market share, particularly among intensive insulin users [4][8]. Market Trends - The diabetes care devices market is projected to grow significantly, reaching $99.81 billion by 2035, with a compound annual growth rate (CAGR) of 9.6% from 2025 to 2035 [3]. - The increasing aging population, rising obesity rates, and sedentary lifestyles are driving demand in this fast-growing market [3]. Competitive Landscape - Competitors like DexCom and Tandem Diabetes are also expanding their offerings in the CGM space, with DexCom focusing on its G6 and G7 systems and Tandem enhancing its pump portfolio and digital solutions [5][6]. Financial Performance - Year-to-date, Abbott's shares have increased by 19.7%, outperforming the industry growth of 7.9% and the S&P 500's growth of 21.5% [7]. - Abbott currently trades at a forward 12-month Price-to-Sales (P/S) ratio of 4.84X, below the industry average of 5.63X [10].
DexCom (DXCM) Q2 Revenue Jumps 15%
The Motley Fool· 2025-08-01 04:53
Core Insights - DexCom reported strong Q2 2025 results with GAAP revenue of $1.16 billion, exceeding analyst estimates of $1.12 billion, and Non-GAAP EPS of $0.48, surpassing the consensus of $0.44, indicating robust performance in the type 2 diabetes market [1][2] Financial Performance - Q2 2025 Non-GAAP EPS was $0.48, up 11.6% from $0.43 in Q2 2024 [2] - GAAP revenue reached $1.16 billion, a 15.2% increase from $1.004 billion in Q2 2024 [2] - Operating income on a GAAP basis was $212.6 million, a 34.6% increase from $158 million in Q2 2024 [2] - Non-GAAP gross margin decreased to 60.1% from 63.5% year-over-year [2][8] - Net income on a Non-GAAP basis was $193 million, reflecting a 10.9% increase from $174 million in Q2 2024 [2] Market and Operational Developments - U.S. sales grew 15% to $841 million, while international revenue rose 16% to $316 million [5] - Sensor and recurring revenue now account for 97% of total sales, up from 94% a year ago, indicating strong demand and patient retention [5] - The company reported record new patient starts, particularly among type 2 diabetes patients, aided by expanded coverage for non-insulin users [6] Product Innovation and Strategy - The FDA approved the Dexcom G7 15 Day CGM System, expected to launch in the second half of 2025, promising longer sensor wear and higher accuracy [7] - The Stelo, an over-the-counter CGM, has gained traction with over 200,000 app downloads and is expected to contribute 2-3% to revenue growth in FY2025 [7] - Strategic partnerships and operational investments are focused on expanding market access and scaling production [4] Future Outlook - Management raised full-year revenue guidance to $4.60–4.63 billion, projecting 14–15% growth [11] - Non-GAAP gross margin is expected to be approximately 62%, with gradual margin improvement anticipated as logistics costs decrease [11] - The focus for the remainder of fiscal 2025 includes launching the G7 15 Day CGM, scaling Stelo, and enhancing access for type 2 diabetes patients [12]