Good morning everyone, today I wanted to give you guys significant news on a company that I’ve been watching called Modular Medical ($MODD). Modular Medical is a leader in providing more accessible and affordable insulin delivery systems to the world.
Recently, they have shown major progress with their Pivot Pump, moving from the developmental stage to an active patent. This is a huge step in commercializing their product across the world. Modular Medical has an extraordinarily large potential customer base, with 589 million adults living with diabetes. Technologies like the Pivot Pump are going to make the lives of people who suffer from diabetes much easier, as they won’t have to deal with multiple daily injections. CEO Jeb Besser has also talked about how, as they get the Pivot Pump device into more people’s hands, they will be able to gather real-world data and feedback to make the Pivot Pump work the best for its customers.
https://preview.redd.it/ce1yplj0qfah1.png?width=1920&format=png&auto=webp&s=0b6670a15b02567292a5383d8d474445ea682eaf
However, there are still concerns about the pace at which Modular Medical can roll out their Pivot Pumps to more people. This is especially important because the company is still spending a considerable amount of capital on research and development while operating at a loss. Because of this, the speed of the Pivot Pump rollout will be crucial for the company’s success. Communicated Disclaimer - This is not financial advice of course and please do your own research before investing. Sources: [1](https://www.modularmedical.com/), [2](https://finance.yahoo.com/healthcare/articles/modular-medical-delivers-insulin-first-131500247.html), [3](https://finance.yahoo.com/healthcare/articles/exclusive-modular-medical-advances-commercial-130021108.html), [4](https://stockresearchtoday.com/modd/)