Hi All - Hope everyone is enjoying the shift into Spring! My new move to Vancouver has been great and when the weather is good, probably not a more beautiful city. Moving to Canada was pretty big for me and as I found out to my disappointment, Dexcom was not available in Canada! In my opinion, outside of insulin, there is not a better way to control my blood sugar levels than the Dexcom G4, so I have been using the 3 month supply I got prior to moving sparingly. THINGS ARE CHANGING AS WE SPEAK!
I wanted to provide some exciting news I just read on Dexcom's Q1 earnings call yesterday (<-click link to read). Having used the new Dexcom G4, I am a firm believer in the company, so have purchased shares of the company. I enjoy keeping track on how they are doing from a shareholder perspective and as a customer. Exciting NEWS is that they have received approval from Health Canada, so I should be able to start getting coverage for the sensors in third quarter of this year! Super stoked.
From Earnings call - "On the international front, we (Dexcom) are pleased to report that we have received approval from Health Canada to begin marketing the G4 system in Canada. Our initial approval is for adults only. However, we expect to file supplements seeking pediatric approval later this quarter. Our distributor in Canada expects to commence a limited launch at the beginning of Q3 with the full launch commencing before the end of Q3."
Also, some great news for parents of diabetic children, they are up to some cool stuff for cloud based, mobile and remote monitoring ability. Read below!
From Earnings call - "Many of our future generation products, particularly our mobile and cloud-based products will be very applicable to this market segment. In particular, we continue to make considerable progress on the DexCom share system, a remote monitoring system developed to address the unique challenges faced by caregivers in assisting people with type 1 diabetes.
As a reminder, the DexCom share system is a docking station for the G4 Platinum receiver enabling wireless transmission and glucose information such as the patient’s trend graph and alert notifications from the G4 Platinum to designated recipients, allowing the recipient to view the patient’s data on a smartphone.
For example, a parent could receive their child’s glucose information during the nighttime while they sleep in another room, or during the school day while the parent is at work. It will also have non-pediatric applications such as for a spouse while at work or when traveling. We expect to file the DexCom Share System with the FDA in the third quarter of this year."