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Modular Med Inc - MODD STOCK NEWS

Welcome to our dedicated page for Modular Med news (Ticker: MODD), a resource for investors and traders seeking the latest updates and insights on Modular Med stock.

Overview of Modular Medical Inc

Modular Medical Inc (NASDAQ: MODD) is a development-stage medical device company dedicated to revolutionizing diabetes care with next generation insulin pump technology. With a core focus on innovation and affordability, Modular Medical leverages advanced engineering and patented technologies to design insulin pumps that are both easy to use and clinically efficacious. The company’s primary objective is to eliminate the tradeoff between device complexity and optimal glycemic control by delivering devices that serve both the traditionally engaged type 1 diabetes community and the rapidly expanding market of type 2 diabetes patients.

Incorporating crucial industry keywords such as "insulin pump technology", "diabetes management", and "medical device innovation", Modular Medical aims to empower patients by extending access to superior diabetes care. The company is rooted in deep medical device expertise and is driven by its mission to transition diabetes technology beyond just the 'superusers', reaching a broader segment of individuals who may benefit from its user-friendly platform.

Innovation and Technological Expertise

Central to Modular Medical's value proposition is its patented, low-cost insulin delivery system that combines simplicity with advanced clinical accuracy. The company’s flagship product, the MODD1 pump, has received significant regulatory milestones, including FDA clearance for market entry and recognition as a transformative device designed to simplify the insulin therapy regimen.

By leveraging modernized technology and a unique design that emphasizes a straightforward user interface, Modular Medical addresses common challenges such as high cost, complexity of use, and limited adoption among patients who might otherwise rely on multiple daily injections. The innovative platform is engineered for personalized dosing and includes features like basal and bolus delivery to optimize glycemic control.

Manufacturing, Partnerships, and Regulatory Achievements

Modular Medical successfully transitions its production from pilot manufacturing lines to high-volume operations through strategic collaborations with experienced partners. The company’s manufacturing operations have been transferred to facilities that specialize in medical device production, ensuring efficiency, quality, and scalability.

Partnerships with industry-leading companies in the manufacturing and medical research sectors underscore the broad-based expertise backing Modular Medical. In addition, its strategic approach in managing regulatory approvals, including adherence to FDA processes and engagement with designated regulatory bodies for European clearance, reinforces the company’s commitment to safety, efficacy, and market readiness.

Intellectual Property and Market Positioning

The strength of Modular Medical’s intellectual property portfolio, including multiple patent families protecting its MODD1 platform, creates a competitive barrier to entry in the evolving diabetes device market. This rigorous focus on IP protection supports the company’s strategic positioning as it works to democratize access to advanced diabetes care solutions.

With a history enriched by the experience of its founder—an influential figure who previously contributed to landmark innovations such as the t:slim insulin pump—Modular Medical combines seasoned industry expertise with fresh technological perspectives. This alignment of legacy know-how and forward-thinking innovation drives the company’s mission to offer affordable, high-quality insulin delivery systems that meet contemporary clinical needs.

Commitment to Accessible Diabetes Care

At its core, Modular Medical is committed to expanding access to advanced diabetes technology. By addressing the limitations of legacy systems—namely high cost, complexity, and limited patient adoption—the company aims to facilitate a smoother transition for patients who require insulin therapy but are currently restricted by existing treatments.

This patient-centric approach not only underscores the company’s dedication to improving glycemic outcomes but also highlights its broader commitment to inclusive, accessible healthcare. Modular Medical’s strategic emphasis on simplifying user interfaces and reducing training time further reinforces its position as an essential player in driving widespread diabetes care innovation.

Conclusion

Modular Medical Inc exemplifies how state-of-the-art engineering, rigorous design philosophies, and strategic industry partnerships can converge to reshape the landscape of diabetes management. With a robust pipeline of regulatory clearances, a strong emphasis on intellectual property, and an unwavering commitment to enhancing patient access, the company stands as a noteworthy innovator within the competitive medical device sector.

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Modular Medical, Inc. provides an update on its ongoing pre-submission testing and timeline for submission of its MODD-1 insulin pump to the FDA. The company has made substantial progress on completing many of the required tests and has received results from some of the longest lead time tests, including insulin stability and potency. Modular Medical expects to make its FDA submission around year end 2023.
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Modular Medical announces collaboration with Phillips-Medisize for insulin pump technology
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Modular Medical, Inc. has announced the pricing of an underwritten public offering of its common stock and warrants. The units are being sold at a combined price of $2.13 per unit, with each unit comprising two shares of common stock and one warrant to purchase one share of common stock. The net proceeds from the offering are expected to be approximately $8.3 million. The offering is expected to close on May 18, 2023.
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Modular Medical, Inc. (NASDAQ:MODD) has updated its progress on the MODD-1 insulin pump, transitioning to a full commercial version designed with a tier-1 medical product manufacturer. This new version aims to resolve prior material compatibility issues, enhance cost-effectiveness, and streamline usability. The company anticipates submitting the device for FDA approval in the quarter ending December 31, 2023, following the arrival of key production equipment and subsequent testing. The initiative seeks to make insulin delivery technology more accessible and user-friendly for diabetes patients.

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Modular Medical (NASDAQ:MODD) has updated on the development of its insulin pump product, MODD1. The company is making progress on the testing needed for its 510(k) submission to the FDA. However, they encountered compatibility issues with certain materials used in the device, delaying the submission timeline. Replacement materials have been identified and are in the qualification process. Modular Medical now anticipates submitting to the FDA by June 30, 2023, pending resolution of these issues.

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Modular Medical, Inc. (NASDAQ:MODD) announced plans for Chief Executive Officer Jeb Besser to present at upcoming investor conferences. Besser will speak at the Piper Sandler 34th Annual Healthcare Conference on November 30, 2022, at 10:50 a.m. ET, and will also conduct one-on-one meetings. The following day, he will host one-on-one meetings at the Benchmark Company's 11th Annual Discovery Investor Conference. Modular Medical aims to revolutionize insulin delivery technology, making it simpler and more affordable for diabetes patients.

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Modular Medical Inc. (NASDAQ:MODD) has updated investors on its insulin pump product, the MODD1. The company is nearing completion of its 510(k) submission to the FDA but has encountered a materials compatibility issue that has delayed the submission timeline, now expected between December 2022 and June 2023. Meanwhile, progress in establishing production capabilities is ahead of schedule and cost estimates are favorable. The CEO will attend investor conferences in late November 2022, with further updates on product development anticipated.

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FAQ

What is the current stock price of Modular Med (MODD)?

The current stock price of Modular Med (MODD) is $0.88 as of April 4, 2025.

What is the market cap of Modular Med (MODD)?

The market cap of Modular Med (MODD) is approximately 48.3M.

What is the primary focus of Modular Medical Inc?

Modular Medical Inc focuses on designing and developing next generation insulin pump technology aimed at providing accessible and affordable diabetes care for both type 1 and type 2 patients.

How does Modular Medical differentiate its insulin pump technology?

The company differentiates its product through patented, low-cost technology that simplifies the user experience while ensuring clinical efficacy in glycemic control. Its design minimizes complexity and facilitates personalized dosing.

What role does regulatory approval play in Modular Medical’s operations?

Regulatory approval is central to Modular Medical’s strategy. The company has achieved FDA clearance for its MODD1 pump and is actively engaging with regulatory bodies for market approvals, including plans for European clearance.

What partnerships enhance Modular Medical's market positioning?

Strategic collaborations with manufacturing experts and clinical research organizations bolster Modular Medical’s market positioning. These partnerships facilitate high-volume production, quality assurance, and further validation of its innovative technology.

How does the company’s intellectual property portfolio impact its competitive advantage?

Modular Medical’s robust portfolio, which includes several patent families protecting its MODD1 platform, creates significant barriers to entry and strengthens its competitive edge in the evolving insulin pump and diabetes care market.

Who are the primary beneficiaries of Modular Medical’s technology?

The company’s technology benefits a wide range of diabetes patients, particularly those who are underserved by current pump technologies, including many type 2 diabetic patients who have traditionally relied on insulin injections.

What expertise does the company’s leadership bring to the field?

Founded by a seasoned medical device professional with a legacy of innovative contributions like the t:slim insulin pump, the leadership team of Modular Medical combines deep industry knowledge with a commitment to driving accessible, advanced diabetes care.

How does Modular Medical address common challenges in diabetes management?

By streamlining the insulin delivery process through an easy-to-use platform, Modular Medical aims to overcome challenges such as high cost and complexity, thereby expanding the accessibility of advanced diabetes care to a broader patient base.
Modular Med Inc

Nasdaq:MODD

MODD Rankings

MODD Stock Data

48.31M
36.96M
8.26%
43.67%
0.64%
Medical Devices
Surgical & Medical Instruments & Apparatus
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United States
SAN DIEGO