FDA Clears Dexcom's First OTC Glucose Monitor for Type 2 Diabetes
Stelo, designed for non-insulin type 2 diabetes patients, aims to enhance access to glucose monitoring, set to launch this summer.
- Dexcom's Stelo, the first over-the-counter glucose monitor, receives FDA clearance, targeting type 2 diabetes patients not on insulin.
- Stelo is designed to be paired with a smartphone, providing continuous glucose monitoring without a prescription.
- The device, expected to be available this summer, aims to improve access to glucose monitoring for about 25 million Americans.
- Stelo's launch is anticipated to make glucose monitoring more accessible, especially for those without CGM insurance coverage.
- Shares of Dexcom surged over 8% following the announcement, highlighting the market's positive reception.