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Senseonics Holdings, Inc. - SENS STOCK NEWS

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

Senseonics Holdings, Inc. (symbol: SENS) is a pioneering medical technology firm based in Germantown, Maryland. The company's primary focus is on developing and commercializing advanced glucose monitoring systems that significantly improve the lives of people managing diabetes. Utilizing cutting-edge fluorescence sensing technology, Senseonics has designed the Eversense Continuous Glucose Monitoring (CGM) System, recognized for being the first fully implantable CGM system. This system comprises a tiny sensor implanted under the skin, an external smart transmitter, and a user-friendly mobile application, allowing for real-time glucose monitoring without the need for a dedicated receiver.

The Eversense CGM System stands out for its accuracy and stability throughout its extended sensor life, offering continuous glucose monitoring for up to 180 days. This long-term solution provides an alternative to traditional short-term CGMs, catering to individuals who require a more stable and reliable glucose monitoring option.

Senseonics has established strong partnerships, including a notable collaboration with Ascensia Diabetes Care, which ensures that their innovative solutions reach a global audience. Their latest product, the Eversense E3 CGM System, is part of an extended assistance program known as the Eversense Payment Assistance and Simple Savings (PASS) Program. This program offers eligible individuals in the U.S. the opportunity to access the Eversense E3 systems at a significantly reduced out-of-pocket cost of $99 for each six-month period, thereby making continuous glucose monitoring more affordable.

Senseonics is committed to advancing diabetes management technology, as evidenced by their continued innovation and dedication to improving accessibility to their products. The company's forward-looking approach and strategic alliances position them as a key player in the medical technology landscape, specifically in the context of diabetes management.

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The Eversense® CGM System by Senseonics Holdings, Inc. has received an integrated CGM (iCGM) designation by the US FDA, allowing integration with insulin pumps for an automated insulin delivery system. Eversense is the first fully implantable device in its category with iCGM status, offering new interoperable CGM options. The partnership with Ascensia Diabetes Care aims to provide diabetes patients with advanced technology meeting high standards for accuracy, alert detection, and wear time.

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Ascensia Diabetes Care and Senseonics Holdings announce an extension of the Eversense Payment Assistance and Simple Savings Program, offering eligible individuals in the U.S. the Eversense E3 CGM System for just $200 per year. The program allows individuals to pay $99 out of pocket for each 6-month system, providing significant savings for continuous glucose monitoring. This initiative aims to make long-term CGM more accessible and affordable for people with diabetes.
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Senseonics Holdings, Inc. (SENS) announces data from the Eversense Post Approval Study to be presented at the 17th International Conference on Advanced Technologies and Treatments for Diabetes in Italy. Dr. Kashif Latif to present People Reported Outcomes from the U.S. study.
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Senseonics Holdings, Inc. (SENS) to participate in Oppenheimer Healthcare MedTech & Services Conference. The company focuses on long-term, implantable continuous glucose monitoring systems for diabetes patients. The management will present on March 13, 2024, at 12:00pm ET. Interested parties can access the webcast on the company's website.
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Senseonics Holdings, Inc. (SENS) reported strong financial results for Q4 2023, with revenue of $8.0 million, a 44% increase from the previous year. Full-year revenue reached $22.4 million, a 37% growth compared to 2022. The company completed the ENHANCE pivotal trial for the 365-day Eversense system, with an FDA regulatory filing expected soon. Medicare expanded access to the Eversense E3 CGM System, and Brian Hansen was appointed President of CGM at Ascensia Diabetes Care.
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Senseonics Holdings, Inc. (SENS) will release its Q4 and full year 2023 financial results on February 29, 2024. A conference call will be held to review the performance, with a webcast available on the company's website. Investors and analysts can dial in to listen.
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Ascensia Diabetes Care and Senseonics Holdings, Inc. announce Medicare expansion for Eversense E3 CGM System, providing access to all people with diabetes using insulin and non-insulin users with hypoglycemia history. The Eversense E3 offers unique features like up to 6-month sensor wear duration, high accuracy, removable transmitter, and predictive alerts.
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PHC Holdings Corporation and Senseonics Holdings, Inc. announced the appointment of Brian Hansen as President of CGM at Ascensia Diabetes Care, reinforcing their commitment to diabetes innovation. Hansen will be responsible for global commercialization and growth of the Eversense CGM, offering unique features such as a fully implantable system, long-term glucose measurement, and a removable smart transmitter. The partnership aims to drive patient and provider adoption of Eversense, with a focus on delivering breakthrough diabetes devices to empower people living with diabetes.
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Senseonics Holdings, Inc. (SENS) announces operational and financial business updates, including preliminary unaudited fourth quarter revenue of $8.0 million and full year 2023 total revenue of $22.0 million. The company completed data analysis of ENHANCE trial and plans to submit an application for regulatory approval to the FDA for a 365-day once per week calibration product by the end of the first quarter of 2024. The company also closed an additional $10.0 million draw on the loan facility with Hercules Capital, Inc. in the fourth quarter, with unaudited balance of cash, cash equivalents, and marketable securities as of December 31, 2023, expected to be approximately $109.8 million. The company expects to provide financial guidance for 2024 with the full fiscal year 2023 financial results.
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Senseonics Holdings, Inc. (NYSE American: SENS) reported Q3 2023 financial results, including $6.1M in revenue, completion of a pivotal clinical study, and a new advertising campaign. Gross profit increased to $1.2M, while net loss decreased to $24.1M. The company expects full year 2023 global net revenue to be in the range of $20M to $24M.
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FAQ

What is the current stock price of Senseonics Holdings (SENS)?

The current stock price of Senseonics Holdings (SENS) is $0.3227 as of November 21, 2024.

What is the market cap of Senseonics Holdings (SENS)?

The market cap of Senseonics Holdings (SENS) is approximately 189.3M.

What does Senseonics Holdings, Inc. specialize in?

Senseonics specializes in developing and commercializing advanced glucose monitoring systems for diabetes management, featuring the first fully implantable CGM system.

What is the Eversense Continuous Glucose Monitoring (CGM) System?

The Eversense CGM System is a breakthrough glucose monitoring solution that includes a small sensor implanted under the skin, an external smart transmitter, and a mobile app for real-time glucose data.

How long can the Eversense CGM System monitor glucose levels?

The Eversense CGM System can continuously monitor glucose levels for up to 180 days, offering a long-term solution compared to traditional short-term CGMs.

What is the Eversense Payment Assistance and Simple Savings (PASS) Program?

The PASS Program is designed to make the Eversense E3 CGM System more affordable by offering eligible individuals in the U.S. the system at a reduced cost of $99 for each six-month period.

How does Senseonics' CGM technology benefit people with diabetes?

The CGM technology provides highly accurate, stable, and long-term glucose monitoring, enabling people with diabetes to manage their condition confidently and with ease.

Where is Senseonics Holdings, Inc. headquartered?

Senseonics Holdings, Inc. is headquartered in Germantown, Maryland, USA.

Who are Senseonics' key partners?

Senseonics has key partnerships with companies like Ascensia Diabetes Care, which helps in the global distribution and accessibility of their products.

How can I learn more about the Eversense CGM System?

You can visit Ascensia Diabetes Care's website or contact their support line to get detailed information about the Eversense CGM System and eligibility for the PASS Program.

Is the Eversense CGM System available outside the United States?

Yes, the Eversense CGM System is available globally, and Senseonics generates a significant portion of its revenue from markets outside the United States.

What is the mission of Senseonics Holdings, Inc.?

The mission of Senseonics is to transform the lives of people with diabetes through innovative, long-term implantable glucose management technology.

Senseonics Holdings, Inc.

NYSE:SENS

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SENS Stock Data

189.34M
556.26M
6.35%
10.05%
8.05%
Medical Devices
Industrial Instruments for Measurement, Display, and Control
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United States of America
GERMANTOWN