Senseonics Holdings, Inc. (NYSEAMERICAN:SENS) saw its stock soar by 5.53% in Wednesday's intraday session, as investors rallied behind the company's promising growth prospects fueled by the success of its Eversense 365 continuous glucose monitoring (CGM) system.
The implantable CGM system, designed for diabetes patients, has gained significant traction among users due to its unique ability to last a full year without frequent sensor replacements. This groundbreaking feature has positioned the Eversense 365 as a game-changer in the CGM market, attracting new patients and driving revenue growth for Senseonics.
Preliminary results for 2024 indicate total revenue of around $22.5 million, and the company expects positive revenue trends to continue in 2025 as the Eversense 365 system gains further adoption. With the FDA approval for the system already secured, Senseonics is poised to capitalize on the growing demand for long-term CGM solutions among diabetes patients.
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