Medtronic Launches InPen™ with Real-Time Guardian™ Connect CGM Data -- the First Integrated Smart Insulin Pen for People with Diabetes on MDI

Rhea-AI Summary

Medtronic plc (NYSE: MDT) has launched the InPen™, the first FDA-cleared smart insulin pen integrated with real-time Guardian Connect™ CGM data. This system allows users to view glucose readings and insulin dose information in a single app, simplifying diabetes management. The launch follows Medtronic's acquisition of Companion Medical in September 2020, broadening its product offerings. This innovation aims to enhance user experience and dosing decisions for individuals on multiple daily injections (MDI).

Positive

• Introduction of InPen™ with real-time Guardian Connect™ CGM data enhances diabetes management.
• Acquisition of Companion Medical expands Medtronic's product offerings.
• Integration completed swiftly within two months, showcasing operational efficiency.

Negative

• None.

DUBLIN, Nov. 12, 2020 /PRNewswire/ -- Medtronic plc (NYSE: MDT), the global leader in medical technology, today announced the launch of InPen™ integrated with real-time¹ Guardian Connect™ CGM data. InPen is the first and only FDA-cleared smart² insulin pen on the market for people on multiple daily injections (MDI). This integrated system now provides real-time glucose readings alongside insulin dose information giving users everything they need to manage their diabetes in one view. Rather than switching between apps, users have the ability to see all their information in real-time, in one view — making it easier to make smarter dosing decisions to manage their sugar levels.

The integration of real-time CGM data into the smart insulin pen app is a result of the addition of Companion Medical's InPen to the Medtronic portfolio, as of September 2020. The acquisition enables Medtronic to serve more people — regardless of how they prefer their insulin to be delivered — and offers a unique and expansive ecosystem of support across their diabetes journey.

"We're strongly committed to delivering solutions that make life easier for people living with diabetes. We're pleased to build on the success of InPen with added real-time glucose data which provides a complete picture for users as they look to give themselves the right dose of insulin at the right time," said Sean Salmon, executive vice president and president of the Diabetes Business at Medtronic. "Our successful integration of these devices in just two months following the close of our Companion Medical acquisition is a testament to the close collaboration of our employees and strong passion to serve our customers with better solutions to manage their diabetes."

The InPen app will continue to display information from other currently compatible CGM systems on a three-hour delay.

About the Diabetes Business at Medtronic (www.medtronicdiabetes.com)
Medtronic is working together with the global community to change the way people manage diabetes. The company aims to transform diabetes care by expanding access, integrating care and improving outcomes, so people living with diabetes can enjoy greater freedom and better health.

About Medtronic
Medtronic plc (www.medtronic.com), headquartered in Dublin, Ireland, is among the world's largest medical technology, services and solutions companies – alleviating pain, restoring health and extending life for millions of people around the world. Medtronic employs more than 90,000 people worldwide, serving physicians, hospitals and patients in more than 150 countries. The company is focused on collaborating with stakeholders around the world to take healthcare Further, Together.

Any forward-looking statements are subject to risks and uncertainties such as those described in Medtronic's periodic reports on file with the Securities and Exchange Commission. Actual results may differ materially from anticipated results.

¹ Data may not appear or be delayed in certain instances, including when there is no internet connection.
² Smart insulin pens connect wirelessly to the user's smartphone device and provide dosing calculations and reminders while also integrating with advanced CG systems

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SOURCE Medtronic plc

FAQ

What is Medtronic's new product 'InPen' and how does it work?

InPen is a smart insulin pen that integrates real-time glucose readings with insulin dose information using Guardian Connect™ CGM data.

When did Medtronic acquire Companion Medical?

Medtronic acquired Companion Medical in September 2020.

What impact does the InPen have on diabetes management?

InPen simplifies diabetes management by allowing users to see glucose and insulin data in one app, facilitating smarter dosing decisions.

Is InPen the first integrated smart insulin pen on the market?

Yes, InPen is the first FDA-cleared smart insulin pen for users on multiple daily injections (MDI).

When was the InPen officially launched?

The InPen was launched on November 12, 2020.