Dexcom Aims to Expand CGM Benefits to All Diabetic Patients and Beyond
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What is Dexcom's strategy for expanding CGM benefits?
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Welcome to another episode of the Vanguards of Healthcare series. My name is Matt Henriksen, the Medical Technology Analyst at Bloomberg Intelligence, which is the in-house equity research platform of Bloomberg LP. We are pleased to have with us today Jake Leach, CEO of Dexcom, a medical device company pioneering continuous glucose monitors, or CGMs for short, to help patients keep track of their glucose levels. You can dive deeper into the company and its financials by typing in DXCM Equity Go on your Bloomberg terminal. Jake, thanks for joining us today.
It's a pleasure to be here, Matt.
Jake, I mean, you are now, are you in one month in as your new CEO role at this point?
I am, yeah. Yeah, I started January 1st.
Okay, there we go. And so a little over a month in, but you've been with Dexcom for over 20 years now. And I would just love to kind of hear your story because of how much Dexcom has changed in those 20, 22 years. Your evolution in your career path from your first days at Dexcom until now your current CEO role.
Yeah, it's an amazing thing to have been a part of and to be a part of is the development of this continuous glucose sensing technology. Starting way back in 1999 when the company was founded, I joined in 2004. And the idea was to try and figure out how do you build this continuous biosensor that can accurately measure glucose. And the whole goal was to make managing diabetes easier. And so I joined as an engineer. I had some particular talent in antenna design and electrical engineering. And so I joined and I was one of the only electrical engineers at the company. There was about 30 people there when I joined. The vast majority of the folks at the company were all focused on developing the technology.
We had no marketing, no sales. We didn't even have a product yet. And over the years, we continue to make the technology better and really innovate on making the product more reliable, more accurate and easier to use for customers. And that's been a journey. We're now in our seventh generation of technology in the market. We're working on our eighth generation. And so it's really been an incredible opportunity to have such an impact on the lives of people that live with diabetes.
That's great. And so, you know, you talked about your seventh generation of the Dexcom device. Why don't we just kind of take a quick step back and, you know, what is the CGM technology? What is it designed to help patients monitor? And, you know, how is that seventh generation evolved over the previous six?
Yeah, Matt, it's a great question. As you think about the technology, it's in contact with the glucose molecule under the skin. So we call it subcutaneous. It's in that zone right under your skin, and it's actually measuring the concentration of glucose in the body. And why that's so important is for someone who's trying to manage diabetes, it's all about managing glucose and trying to keep it in a normal range. Those of us that don't have diabetes, our pancreas works as normal.
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Chapters
5 chapters
1
What is Dexcom's strategy for expanding CGM benefits?
0:00–6:18
2
How has the G7 sensor evolved compared to previous models?
6:18–15:57
3
What are the advantages of continuous glucose monitoring for diabetes management?
15:57–24:45
4
How does the 15-day wear time impact patient convenience?
24:45–37:16
5
What is the significance of the Stello device in CGM accessibility?
37:16–37:24
Speakers
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