Burgdorf/San Diego – Ypsomed (SWX:YPSN) and DexCom Inc. (NASDAQ:DXCM), the world's leading provider of continuous glucose monitoring (CGM) systems, announce their partnership to drive development of a hybrid closed loop system. The partnership is an important milestone in the further development of individualised diabetes therapy. In a first step, CGM data from Dexcom will be integrated into the mylife App from Ypsomed.
The partnership between Ypsomed and Dexcom means the full integration of glucose values from Dexcom's G6 sensors into Ypsomed's therapy management solution. As a result, users of Dexcom CGM and the mylife YpsoPump insulin pump will have all therapy-relevant data in the mylife App on their smartphone. Every five minutes, the CGM sensor will send the current glucose values to the mylife App, where the current glucose reading and trend graph will be displayed. In addition, the mylife App will alert its users when glucose values are too high or too low. Configuration and sensor settings will be available directly in the mylife App. Users will be able to send their CGM and insulin pump data wirelessly from the mylife App to the mylife Cloud and share it with their physician or caregivers. The product integration is expected to be available in late 2020 / early 2021 in Europe by a convenient and free update of the mylife App without the need to replace the current insulin pump.
"This partnership is an important milestone in the improvement of diabetes therapy and further strengthens our product proposition. We are impressed by the quality and dedication of Dexcom and are pleased to collaborate with the market leader in CGM to enable a better outcome for people with diabetes",
comments Simon Michel, CEO Ypsomed, on the partnership.
"We are excited about this partnership with Ypsomed due to their robust presence in Europe, significant experience in the industry and competitively priced pump that delivers outstanding features and functionality,"
said Rick Doubleday, EVP and chief commercial officer at Dexcom.
"We look forward to Ypsomed working with both our current G6 system and TypeZero algorithm, as well as eventually our next generation Dexcom G7 CGM."
The integration of Dexcom CGM data is significant step forward in Ypsomed's mylife Loop program. The goal of the program is a modular and therefore customizable diabetes therapy system with an insulin pump completely controllable via the smartphone, and the future option of adding a hybrid closed loop feature powered by the Dexcom TypeZero algorithm. The smartphone approach enables feature-upgrades without the need to exchange the insulin pump hardware.
Thomas Kutt | +41 34 424 35 55
Head of Investor Relations, Ypsomed Holding AG
Steven R. Pacelli | +1 858 200 0200
Strategy and Corporate Development, Dexcom
Media Contact Europe:
Media Contact US:
James McIntosh | +1 619 884 2118
Public Relations, Dexcom
About DexCom, Inc.
Dexcom, Inc. empowers people to take control of diabetes through innovative continuous glucose monitoring (CGM) systems. Headquartered in San Diego, California, Dexcom has emerged as a leader of diabetes care technology. By listening to the needs of users, caregivers, and providers, Dexcom simplifies and improves diabetes management around the world. For more information about Dexcom CGM, visit www.dexcom.com.