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Matt Henriksen

๐Ÿ‘ค Speaker
See mentions of this person in podcasts
569 total appearances

Appearances Over Time

Podcast Appearances

Vanguards of Health Care by Bloomberg Intelligence
Dexcom Aims to Expand CGM Benefits to All Diabetic Patients and Beyond

Yeah.

Vanguards of Health Care by Bloomberg Intelligence
Dexcom Aims to Expand CGM Benefits to All Diabetic Patients and Beyond

And, you know, one of the things I've noticed as well is, you know, between G5, G6, G7, you know, it's a four-year product cycle, give or take.

Vanguards of Health Care by Bloomberg Intelligence
Dexcom Aims to Expand CGM Benefits to All Diabetic Patients and Beyond

So we're December of 2022 as G7 comes out.

Vanguards of Health Care by Bloomberg Intelligence
Dexcom Aims to Expand CGM Benefits to All Diabetic Patients and Beyond

But I'm curious about the product cycle as these technologies get more and more sophisticated.

Vanguards of Health Care by Bloomberg Intelligence
Dexcom Aims to Expand CGM Benefits to All Diabetic Patients and Beyond

I mean, because with the G7, you already have gotten the MARD or the mean absolute relative difference, right?

Vanguards of Health Care by Bloomberg Intelligence
Dexcom Aims to Expand CGM Benefits to All Diabetic Patients and Beyond

You've gotten that down from the 10% range to now 8%, sub 8%.

Vanguards of Health Care by Bloomberg Intelligence
Dexcom Aims to Expand CGM Benefits to All Diabetic Patients and Beyond

Each incremental improvement seems like it's going to require more and more technology or higher technology, higher developments.

Vanguards of Health Care by Bloomberg Intelligence
Dexcom Aims to Expand CGM Benefits to All Diabetic Patients and Beyond

Is that something to consider as we kind of think about these product cycles as because of how much improvement has already taken place between G5 and G7, just that incremental improvement takes a little more time in that product cycle?

Vanguards of Health Care by Bloomberg Intelligence
Dexcom Aims to Expand CGM Benefits to All Diabetic Patients and Beyond

Yeah, that's all great.

Vanguards of Health Care by Bloomberg Intelligence
Dexcom Aims to Expand CGM Benefits to All Diabetic Patients and Beyond

And as we close out, I always like to say, what inning do you think we are in utilizing this technology?

Vanguards of Health Care by Bloomberg Intelligence
Dexcom Aims to Expand CGM Benefits to All Diabetic Patients and Beyond

You've been here for 20 years.

Vanguards of Health Care by Bloomberg Intelligence
Dexcom Aims to Expand CGM Benefits to All Diabetic Patients and Beyond

You're starting now as the CEO role.

Vanguards of Health Care by Bloomberg Intelligence
Dexcom Aims to Expand CGM Benefits to All Diabetic Patients and Beyond

But you already mentioned you were in the early innings.

Vanguards of Health Care by Bloomberg Intelligence
Dexcom Aims to Expand CGM Benefits to All Diabetic Patients and Beyond

You talked about the 10 million patients on CGM versus the nearly 600 million patients that could potentially benefit from it.

Vanguards of Health Care by Bloomberg Intelligence
Dexcom Aims to Expand CGM Benefits to All Diabetic Patients and Beyond

So all those make sense of early, early innings.

Vanguards of Health Care by Bloomberg Intelligence
Dexcom Aims to Expand CGM Benefits to All Diabetic Patients and Beyond

But how

Vanguards of Health Care by Bloomberg Intelligence
Dexcom Aims to Expand CGM Benefits to All Diabetic Patients and Beyond

How do you see that playing out over the next few years as we go from the maybe, let's say, top of the second to the bottom of the second?

Vanguards of Health Care by Bloomberg Intelligence
Dexcom Aims to Expand CGM Benefits to All Diabetic Patients and Beyond

And, you know, one number that caught my attention, too, in the pre-announcement was you were expecting to get $1 billion in free cash flow in 2026.

Vanguards of Health Care by Bloomberg Intelligence
Dexcom Aims to Expand CGM Benefits to All Diabetic Patients and Beyond

So how do you start using that dry powder to help get you from the top of the second to the bottom of the second inning?

Vanguards of Health Care by Bloomberg Intelligence
Dexcom Aims to Expand CGM Benefits to All Diabetic Patients and Beyond

Yeah, and I think that kind of goes back to, you know, I listened to your first presentation earlier this month, or now we're in January, back in January, and you started it off with the impact of metabolic health.