Modular Medical’s MODD1 Insulin Pump Receives FDA Clearance

September 5, 2024

DENVER, Colo., Sep 05, 2024 (247marketnews.com)- Modular Medical (NASDAQ: MODD) reported receiving clearance to market and sell its MODD1 pump in the United States, from U. S. Food and Drug Administration (“FDA”), which the Company anticipates should be commercially available for sale in early 2025.

Jeb Besser, Modular Medical’s CEO, commented, “For too long, the benefits of superior glycemic control achieved by insulin pumps have, due to cost and complexity, been restricted to only the most sophisticated, motivated and well-insured users. The goal of Modular Medical has always been to change this by making diabetes technology accessible and affordable to underserved communities. We seek to make the experience of going ‘on a pump’ simpler and less intimidating and to widen the base beyond the current pump users.”

Paul DiPerna, Modular Medical’s Chairman and President, added, “I want to thank our employees for their hard work and dedication in bringing this product to the market and our shareholders for their ongoing support of the Company. We will continue to deliver on our mission of enabling ‘diabetes care for the rest of us’ and delivering on the needs of all patients and clinicians.”

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