版权说明:本文档由用户提供并上传,收益归属内容提供方,若内容存在侵权,请进行举报或认领
文档简介
NorthAmericaEquityResearch
04June2021
DiabetesDevices
JPMSurvey:OutlookfortheInsulinPump&CGM
Markets
WiththenextyearsettoberichwithproductlaunchesfrommanyofthemajormanufacturersplayingintheDiabetesspace,we’veconductedourannualdiabetessurveytobetterunderstandhowcurrentandupcomingtrendsareexpectedtoplayoutinthemarket.Keytakeawaysforthesurveyare(1)pumpsandCGMpenetrationcontinuetohaveplentyofroomtoexpand,evenafterthesuccessdemonstratedtodate,(2)there’ssignificantenthusiasmforupcomingproductlaunchesfromInsulet,Dexcom,Abbott,andMedtronic,and(3)greaterpharmacychannelaccessreducesbarriersandenablesgreateraccesstobothCGMsandinsulinpumps.Thoughreimbursementcontinuestobealimitingfactortogreaterpenetration,withseveralpresentationsatthisyear’sATTDconferencelendingcredencetothefactthatCGMs/closedloopsystemshavesignificantvalueforpatientswithuncontrolleddiabetes,wecontinuetoexpectcoveragetoexpand,especiallywithinType2andOUSpatients.Asaninnovation-drivenspacewithseveralmarket-widetailwinds,wesawveryfewsurpriseoutcomesinoursurvey.Saidanotherway,thissurveyconfirmedourverybullishstanceonthediabetessector,andwecontinuetobebullishonDXCMandPODDaheadoftheG7andOmnipod5launches,ABTwithLibre3,andwhilewelikeMDToverallandthink780GandthelowerfingerstickburdenofGuardian4isasignificantimprovement,westillexpectongoingsharelosses(thoughimprovedgrowthgoingforward).
MedicalSupplies&Devices
RobbieMarcus,CFAAC
(1-212)622-6657
robert.j.marcus@
AllenGong
(1-212)622-9520
allen.gong@
SarinPMurlidar
(1-212)622-2825
sarin.p.murlidar@
Lilia-CelineBLozada
(1-212)622-1019
lilia-celine.b.lozada@
J.P.MorganSecuritiesLLC
KeyCGMtakeaways:CGMadoptiontrendsshownosignsofrunningoutof
steam,withnearlyalldoctorsinoursurveyexpectinggreaterCGMadoption
through2022inbothinsulinpumpandMDIpatients.Oursurveynoted
enthusiasmforbothG7andLibre3,whichhavelaunchesthatarearoundthe
corner,butwethinkDexcomwillcontinuetobeviewedasthegoldstandardfor
accuracyandfunctionality,withLibre3offeringamorefavorablepricepoint.
Similartopreviousyears,whilecostandpatientsnotwantingto“weartheir
disease”weremostoftencitedasimpedimentstogreateradoption,
reimbursementchallengeshaveappearedtomovefurtherdownthelist,
somethingthatcouldbeattributedtothemuchgreaterpharmacychannel
adoptionwe’veseenevensincelastyear.
Keyinsulinpumptakeaways:Whilecostandsizewereagaincitedasthe
biggestimpedimentstogreaterpumpadoption,interestingly,reimbursement
challengeshavemovedfurtherdownthelistlikewithCGM,withcomplications
andtherapyburnoutcitedasthethirdmostcommonimpediment.Aspediatric
andMedicarepopulationsbecomemoreimportantdemographicsforgreater
marketpenetration,theeaseofusebecomesmoreofadecidingfactorfor
switchingfromMDI.GivenInsulet’sfocusonthesimplifieduserexperience,
weseethisisasatrendthatshouldbenefitOmnipod5uponitslaunchinthe
comingmonths.WhileouranalysispointstoMedtroniccontinuingtoloseshare
through2022,wewouldnotethatenthusiasmfora780Glaunchisexpectedto
stabilizethisnear-termshareceding.
Seepage30foranalystcertificationandimportantdisclosures.
J.P.Morgandoesandseekstodobusinesswithcompaniescoveredinitsresearchreports.Asaresult,investorsshouldbeawarethatthefirmmayhaveaconflictofinterestthatcouldaffecttheobjectivityofthisreport.Investorsshouldconsiderthisreportasonlyasinglefactorinmakingtheirinvestmentdecision.
2
RobbieMarcus,CFA
(1-212)622-6657
robert.j.marcus@
NorthAmericaEquityResearch
04June2021
WecontinuetoseesupportforthethesisthatpharmacychannelavailabilityenablesgreateraccesstobothCGMsandpumps.WhileDexcomandAbbotthaveseenasignificantuptakeinpharmacyaccess,insulinpumppharmacyvolumesremainlimited,withonly33%ofrespondentsreportingthatgreaterthan40%oftheirpatientsreceiveordersthroughthepharmacychannel(whichmakessenseasonlyInsulet’sOmnipodDASHisavailableinthepharmacy,MedtronicandTandem’spumpsaren’t).However,47%ofdoctorsnotedthatDashiseasiertogetinthepharmacychannelfortheirType1patients,and30%forType2.Wecontinuetoexpectasteadyuptickinvolumeshere,especiallygiventhatpricecanoftenbethedecidingfactoronapump.
Tandemwasyetagainthemostpopularpumpamongrespondents,thoughInsuletisonanotableupwardtrajectorywiththegreatestsharegainsforecasted2020-2022.WhileTandemisexpectedtotake150bpsmarketsharethrough2021,itisexpectedtolose190bpsin2022asInsuletgains520bpsthrough2022,likelyattributabletohighexpectationsfortheOmnipod5launch,whichshouldbringahybridclosedloopsystemandbettersmartphonecontrol.Tandem’st:slimX2wasfavoredforbothadultandpediatricpatients,aswellasforitssize,smartphonecompatibility,easeofuse,andreliability,whilethecurrentgenerationOmnipodwasfavoredforitslowercosts.
Again,whilewe’vecoveredthisinmoredetail(seehere),wethinkOmnipodshouldleveltheplayingfieldherebyofferingthebestofbothworlds:(1)afeature-setthatmatchesTandem’sand(2)favorablepricingandreimbursementdynamicsinthepharmacychannel.AndwhileInsulet’sOmnipodDashandLegacycontinuetobefavoredinactive(47%)andyoungpatients(30%)duetoitstubelessformfactor,theOmnipod5shouldmakeitamorepopularchoiceinallpatients.Thisisamorefavorablesentimentthanwe’veseeninpastsurveys(hereandhere).
WhilewefirmlybelievethemarketislargeenoughforG7andLibre3tobothsucceed,theperceptionamongourrespondentsisthatG7isvaluableforitssuperioraccuracy,whileLibre3foritscostandeaseofuse.90%ofrespondentsreportedthattheinitiallylowerout-of-pocketcostswerea“veryimportant”factorinthedecisionprocessthatwouldleadapatienttochooseLibre3overG7.TheadditionofpredictivealertsandalarmswithLibre3alsohelpsleveltheplayingfieldhere,with63%ofrespondentsreportingthisfeatureas“veryimportant”and37%“somewhatimportant.”Regardless,doctorsinoursurveynotedsignificantenthusiasmforbothupcominglaunches,withexpectationscallingforG7tocapture32%marketsharein2022andLibre313%(assumingJan1,2022,launchdates),withDexcomtotalCGMshareinadultType1smovingfrom43%in2020to48%in2022andAbbotttotalCGMsharemovingfrom17%in2020to19%in2021.PediatricType1CGMshareshowedDexcomsharesteadyat56%,withAbbottsharemovingfrom23%to27%.However,wecontinuetoviewmarketexpansion,ratherthanshare,asthemostimportantfactortopayattentionto.
Withfewmeaningfulproductupdatessincelastyear,MedtroniccontinuestolagthepackinCGMtechnologyvs.peers.OurcollectivesurveyrespondentsreportMedtroniclosing1000bpsofType1CGMmarketshareinadultsand600bpsinpediatricfrom2020and2022.Thisdoesn’tcomeasmuchofasurpriseasthecompany’sagingtechnologycontinuestolagpeers,thoughMedtronic’sstrongandestablishedsalesforceshouldenableamorerapid780Glaunchuponapproval.Whilethecompany’spresentationsatATTDfortheGuardianSensor3/4
3
RobbieMarcus,CFA
(1-212)622-6657
robert.j.marcus@
NorthAmericaEquityResearch
04June2021
fornon-adjunctiveuseareastepintherightdirection,wenotethattheinitialCGMdatawasdisappointingversuspeers,withGuardian4reportingahigheraverageMARDof10-11%(vs.Dexcom’sG6/G7at~9%)andstillrequiringafirstdayfingersticktoenabletheSmartGuardalgorithm.
Lookingforwardtoupcomingtechnologies,theInsulet-DexcomOmnipod5integratedpump-CGMtookthepolepositionasthemosthighlyanticipatedplatform.Thiswasfollowedbythe780G(30%)asthesecondmostanticipatedplatform,whileBetaBionicsdual-hormoneiLet(23%)cameinaheadoftheFreeStyleLibre3(7%).
Onqualitativefeedbackregardingrationaleforthetechnologiesdoctorsareexcitedabout,proponentsoftheOmnipod5and780Gplatformsareenthusiasticaboutastepintherightdirectiontowardatrueartificialpancreassystem.Whilebothstillrequireuserinteractionforboluses,especiallyaroundmealtime,theysignificantlyreducetheburdenandnumberofinteractionsbythepatient.
4
14%
28%
57%
PediatricAdultMedicare
RobbieMarcus,CFA
(1-212)622-6657
robert.j.marcus@
NorthAmericaEquityResearch
04June2021
SurveyDetails
SurveyRespondents
Wesurveyed30high-volumeUSendocrinologistswhotreatanaverageof1,168diabetics.Thisincludesanaverageof317TypeIpatients,409Type2insulin-intensivepatients(i.e.,usebothbasalandbolusinsulin),and442non-insulin-intensiveType2patients.Alltold,oursurveyrespondentstreat9,501Type1patients,12,259Type2insulin-intensivepatients,and13,271non-insulin-intensivepatients.Thisisdividedbetween5,067pediatricpatients,20,021non-Medicareadultpatients,and9.943Medicarepatients.
Figure1:SurveyPatientCharacteristicsFigure2:SurveyPatientCharacteristics
8,000
7,000
6,000
5,000
4,000
3,000
2,000
1,000
0
PediatricAdultMedicare
Type1Type2IIType2N-II
Source:J.P.MorganDiabetesSurvey-May2021
Source:J.P.MorganDiabetesSurvey-May2021
Question1:WhatpercentageofyourType1patientsineachofthebelowpatientgroupsdoyouexpecttohaveonthefollowingtherapiesin2020?
Question2:WhatpercentageofyourType1patientsineachofthebelowpatientgroupsdoyouexpecttohaveonthefollowingtherapiesin2021?
Question2:WhatpercentageofyourType1patientsineachofthebelowpatientgroupsdoyouexpecttohaveonthefollowingtherapiesin2022?
ForType1patientin2020,insulinpumpswereusedin59%ofpediatricpatients,47%ofadults,and45%ofMedicarepatients.WenotethatthisislikelyapopulationthathashighutilizationofpumpsrelativetothebroaderType1population,forwhichweestimatepenetrationof31.6%in2020.Despitethehigherpenetration,respondentsstillexpectincreasesinpumppenetrationinalldemographics:pediatricpumputilizationisexpectedtoincreaseto61%in2021and63%in2022;adultpumputilizationisexpectedtoincreaseto52%in2021and55%in2022;andtheMedicarepopulationisexpectedtoincreaseto47%in2021andincreaseto50%in
2022.
5
RobbieMarcus,CFA
(1-212)622-6657
robert.j.marcus@
NorthAmericaEquityResearch
04June2021
Figure3:Type1PediatricInsulinPumpandMDIPenetrationRates:2020-2022
100%
80%
60%
40%
20%
0%
59%
41%
39%
36%
61%
64%
2020
20212022
Pediatric
MDIInsulinPumpOther
Source:J.P.MorganDiabetesSurvey-May2021
Figure4:AdultInsulinPumpandMDIPenetrationRates:2020-2022
100%
80%
60%
40%
20%
0%
52%
48%
47%
45%
55%
53%
2020
20212022
Adult
MDIInsulinPumpOther
Source:J.P.MorganDiabetesSurvey-May2021
Figure5:MedicareInsulinPumpandMDIPenetrationRates:2020-2022
100%
80%
60%
40%
20%
0%
45%
55%
47%
53%
50%
50%
2020
20212022
Medicare
MDIInsulinPumpOther
Source:J.P.MorganDiabetesSurvey-May2021
Question4:WhatpercentageofyourType2insulin-intensivepatientsineachofthebelowpatientgroupswereonthefollowingtherapiesin2020?
Question5:WhatpercentageofyourType2insulin-intensivepatientsineachofthebelowpatientgroupsdoyouexpecttohaveonthefollowingtherapiesin2021?
6
RobbieMarcus,CFA
(1-212)622-6657
robert.j.marcus@
NorthAmericaEquityResearch
04June2021
Question6:WhatpercentageofyourType2insulin-intensivepatientsineachofthebelowpatientgroupsdoyouexpecttohaveonthefollowingtherapiesin2022?
ForType2insulin-intensivepatients,insulinpumppenetrationcontinuestobemuchlowerthanType1patientsatjust35%ofpediatricpatients,14%ofadults,and7%ofMedicarepatientsfor2020.However,similartotheType1results,insulinpumppenetrationisexpectedtoincreaseinallexceptPediatricpatients(wenotethattheType2pediatricpopulationinoursurveywassignificantlysmaller,andresultswereskewedbyahandfulofhigh-volumedocs).Pediatricpumppenetrationisexpectedtostayat35%in2021anddecreaseto29%in2022;adultpumppenetrationisexpectedtogoto16%in2021and19%in2022,andMedicare-pumppenetrationisexpectedtogoto8%in2021and10%in2022.
Figure6:Type2Insulin-IntensivePediatricInsulinPumpandMDIPenetrationRates:2020-2022
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
35%
71%
35%
29%
65%
65%
2020
20212022
Pediatric
MDIInsulinPumpOther
Source:J.P.MorganDiabetesSurvey-May2021
Figure7:Type2Insulin-IntensiveAdultInsulinPumpandMDIPenetrationRates:2020-2022
100%90%80%70%60%50%40%30%20%10%
0%
19%
81%
86%
84%
14%
16%
2020
2021Adult
MDIInsulinPump
2022
Other
Source:J.P.MorganDiabetesSurvey-May2021
7
RobbieMarcus,CFA
(1-212)622-6657
robert.j.marcus@
NorthAmericaEquityResearch
04June2021
Figure8:Type2Insulin-IntensiveMedicareInsulinPumpandMDIPenetrationRates:2020-2022
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
10%
90%
93%
92%
7%
8%
2020
20212022
Medicare
MDIInsulinPumpOther
Source:J.P.MorganDiabetesSurvey-May2021
Question7:Inyouropinion,whatarethebiggestimpedimentstogreaterinsulinpumpadoptioninType1patients?
Forthisquestion,respondentsweregivenalistofnineoptionsandaskedtoselectallthattheyviewedaspotentialbarrierstoincreasedinsulinpumpadoptionfortheirType1patients.Onceagain,costandpatientsnotwantingto“weartheirdisease”bothprovedtobethemostfrequentlycitedfactor,by67%ofrespondents.Followingthis,50%ofrespondentsnotedthecomplexityofinsulinpumpsasabarrierand43%notedthatpatientswerealreadywellcontrolledonMDI.Reimbursementhasmovedfartherdownthelist,withonly33%reportingthisasachallenge.
Figure9:BarrierstoType1PumpAdoption
70%60%50%40%30%20%10%0%
67%
0%
67%
50%
43%
33%33%33%
3%
CostWeartheirdiseaseComplicatedMDIisfineReimbursementTimeConsumingCanonlyaffordAwarenessLackofClinical
pumporCGMData
Source:J.P.MorganDiabetesSurvey-May2021
8
RobbieMarcus,CFA
(1-212)622-6657
robert.j.marcus@
NorthAmericaEquityResearch
04June2021
Question8:Foreachofthebelowcriteria,pleaserankthetop6insulinpumpsinyourview,where1=bestinsulinpumpforthiscriterion,2=2ndbestinsulinpumpforthiscriterion,etc.
Tounderstandtheendocrinologists'perceptionsofdifferentinsulinpumps,weaskedthemtorankthesixinsulinpumpsintheUSmarkettodayonninedifferentcharacteristics:appealtopediatrics,appealtoadults,sizeofpumpandrequiredspaceon-body,CGMintegration,out-of-pocketpatientcost,easeoflearning,easeofongoinguse,interconnectivitywithsmartphoneapps,andpumpreliability.
TheTandemT:slimX2rankedveryfavorablyagainintheeyesofoursurveyedphysicianasthebestpumpinallcategoriesexceptpumpout-of-pocketcost.Conversely,Medtronics670GandInsulet’sLegacyOmnipodrankedlowerintheeyesofphysicians,cominginatorbelowaverageformostcategoriesexceptcost.
Figure10:Overallpumpappealforpediatric(age<18)patients
3.9
3.4
3.2
2.3
2.2
4.5
4.0
3.5
3.0
2.5
2.0
1.5
1.0
0.5
0.0
Tandemt:slimInsuletOmnipodMedtronic780GInsuletLegacyMedtronic670G
X2DashOmnipod
Source:J.P.MorganDiabetesSurvey–May2021
Figure11:Overallpumpappealforadultpatients
4.0
3.5
2.6
2.1
2.7
4.5
4.0
3.5
3.0
2.5
2.0
1.5
1.0
0.5
0.0
Tandemt:slimInsuletOmnipodMedtronic780GInsuletLegacyMedtronic670G
X2DashOmnipod
Source:J.P.MorganDiabetesSurvey–May2021
9
RobbieMarcus,CFA
(1-212)622-6657
robert.j.marcus@
NorthAmericaEquityResearch
04June2021
Figure12:Sizeofpumpandrequiredspaceonbody
3.8
3.5
3.0
2.5
2.0
1.5
1.0
0.5
0.0
4.0
3.3
2.9
2.6
2.3
Tandemt:slimInsuletOmnipodMedtronic780GInsuletLegacyMedtronic670G
X2DashOmnipod
Source:J.P.MorganDiabetesSurvey-May2021
Figure14:Patientout-of-pocketcost
3.5
3.0
2.5
2.0
1.5
1.0
0.5
0.0
3.23.23.3
2.72.7
InsuletLegacyInsuletOmniPodTandemt:slimMedtronic670GMedtronic780GOmnipodDashX2
Source:J.P.MorganDiabetesSurvey-May2021
Figure16:Easeofongoinguse
3.8
3.2
3.0
2.6
2.3
4.5
4.0
3.5
3.0
2.5
2.0
1.5
1.0
0.5
0.0
Tandemt:slimInsuletOmniPodMedtronic780GInsuletLegacyMedtronic670G
X2DashOmnipod
Source:J.P.MorganDiabetesSurvey-May2021
Figure13:CGMIntegration
3.9
3.3
3.1
2.5
2.1
4.5
4.0
3.5
3.0
2.5
2.0
1.5
1.0
0.5
0.0
Tandemt:slimMedtronic780GMedtronic670GInsuletOmniPodInsuletLegacy
X2DashOmnipod
Source:J.P.MorganDiabetesSurvey-May2021
Figure15:Easytolearn
4.0
3.5
3.0
2.5
2.0
1.5
1.0
0.5
0.0
3.7
3.2
3.0
2.7
2.4
Tandemt:slimInsuletOmnipodInsuletLegacyMedtronic780GMedtronic670GX2DashOmnipod
Source:J.P.MorganDiabetesSurvey-May2021
Figure17:InterconnectivitywithSmartphoneApps
3.83.8
2.9
2.5
1.9
4.5
4.0
3.5
3.0
2.5
2.0
1.5
1.0
0.5
0.0
Tandemt:slimInsuletOmniPodMedtronic780GMedtronic670GInsuletLegacy
X2DashOmnipod
Source:J.P.MorganDiabetesSurvey-May2021
10
RobbieMarcus,CFA
(1-212)622-6657
robert.j.marcus@
NorthAmericaEquityResearch
04June2021
Figure18:Pumpreliability
4.0
3.5
3.0
2.5
2.0
1.5
1.0
0.5
0.0
3.7
3.4
3.2
2.5
2.2
Tandemt:slimMedtronic780GInsuletOmniPodMedtronic670GInsuletLegacyX2DashOmnipod
Source:J.P.MorganDiabetesSurvey-May2021
Question9:Pleaserankthefollowinginsulinpumpmanufacturersfrombest(1)toworst3)intermsoftheirsalesforcesandcustomerservicetopatients.
WhileMedtronicpreviouslytoutedabestin-classsalesforce,oursurveyrespondentsreportedTandemashavingthebestsalesforceandpatientcustomerservice,withMedtronicaclosesecond.Similartrendswereobservedforpatientcustomerservice.WhileMedtronicreceived47%#1rankingsforitssalesforcevs.Tandem’s43%,Medtronicreceivedsignificantlymore#3rankingsat40%ofrespondentsvs.Tandem’s23%.ThequalitativecommentarysuggeststhatMedtronicrepscanoftenbeperceivedas“toopushy.”
Figure19:AverageRankingofPumpManufacturers'SalesForceandCustomerService
2.5
2.0
1.5
1.0
0.5
0.0
2.1
2.0
1.9
1.9
2.3
1.8
SalesForcePatientCustomerService
InsuletMedtronicTandem
Source:J.P.MorganDiabetesSurvey-May2021
11
RobbieMarcus,CFA
(1-212)622-6657
robert.j.marcus@
NorthAmericaEquityResearch
04June2021
Table1:QualitativeResponsestoQuestion9a
Norecentinteractionswith2and3
Theyhavemoreexperience
Thisquestionisatouchmisleadingbecauseitforcesyoutorankevenwhenyouthinkthecompaniesareequivalent.IhaveonlyhadgoodexperienceswithalloftherepsofthesecompaniesWeare,however,havinganissuewithgettingDexcomtocallourpatientsbackontime
Ireallydon’thavemuchexposuretotheInsuletortandempeople
Haveheardfromcompaniesoften
Feedbackfrommypatients
Medtronicisthebest
Longestexperienceinmarket
IseethemostrepsfromMedtronic
Therepresentativesforinsulatearealwaysreadilyavailable,helpful,respectfulofmytime
Medtronicrepsandsalesareaggressive
Tandemhasanexcellentsalesforce,andIhearveryfewpatientscomplainingabouttheircustomerservice.
Insulethadagoodsalesforceinmyareaforalongtime,thentheywentdark,andnowarestartingtocomeback.
Medtronichasanactivesalesforcebuttheyhavealwaysbeenquitepushy.Patientsfrequentlycomplainaboutcustomerservice. LeastexperiencewithTandembutlongrelationshipswithothershelps Serviceisconsistentandreliablewithpositionnumber1 Justbasedonmyexperienceswithbothsalesforceandcustomerservicewiththesecompanies. FeelTandemiseasiesttoreachandmostpatient-focused. Tandemhasthemosthelpfulreps.Theygooutofthewaytoassistpatients.Medtronicsometimesoverlyaggressive. MedtronicrepispushyandunprofessionalbuteveryoneelseatMedtronicseemsgreat Medtronicsalesteamgivesfullsupportandstopsbyoften,followedbytandem.IrarelyeverseeInsuletrepsduetolackofsupport/followup EasyaccesstorepfromMedtronic Easytoreachreps,responsivewhenneeded,patientscanreachcustomerrepresentativesandhaveissuesaddressed MoreinteractionwithMedtronic,overallnotbad. Medtronicveryaggressive Medtronichashadyearstodevelopbothaspectsandcontinuestobetheleader Medtroniciseasytoreachforpatients,lesstimeonholdandtherepsaregreataboutreturningcalls
Ihavenotseenanytandemsalesforce
Medtroniccustomersupport,patientsupporthastakenanosediveforourarea-theyaredifficulttogetaholdof,difficulttoaskforhelpandsupport. Overall,terribleexperiencewithsales/customerservice.TandemisbyfarthebestwithInsuletaclosesecond. Theproductworksalotbetter. Justmyanecdotalexperience
Medtronichasproventobethereforpatientsandproviders.Ibelievetandemhasagoodproductbutpoorcustomerservicerelyingontheirtechnologyto keeppeoplewiththemdespitetheircustomerservice.
Source:J.P.MorganDiabetesSurvey–May2020
Question10:Howimportanttofutureinsulinpumpadoptionistheabilityforpatientstobeabletocontrolthepumpfromtheirsmartphone?
Withthemuchdiscussedtransitiontoaninsulinpumpcontrolleddirectlybyapatient’ssmartphone(actuallydosinginsulin,notjustmonitoringinsulinlevels)nearingwithInsulet’sOmnipod5hybridclosed-looppump,weaskedthesurveyeddoctorstodescribehowimportantthisfeaturewillbebyselecting“notimportant,”“mediumimportance,”or“veryimportant.”Notably,only3%ofdocsthoughtthat
12
RobbieMarcus,CFA
(1-212)622-6657
robert.j.marcus@
NorthAmericaEquityResearch
04June2021
smartphonecontrolwouldbe“not
温馨提示
- 1. 本站所有资源如无特殊说明,都需要本地电脑安装OFFICE2007和PDF阅读器。图纸软件为CAD,CAXA,PROE,UG,SolidWorks等.压缩文件请下载最新的WinRAR软件解压。
- 2. 本站的文档不包含任何第三方提供的附件图纸等,如果需要附件,请联系上传者。文件的所有权益归上传用户所有。
- 3. 本站RAR压缩包中若带图纸,网页内容里面会有图纸预览,若没有图纸预览就没有图纸。
- 4. 未经权益所有人同意不得将文件中的内容挪作商业或盈利用途。
- 5. 人人文库网仅提供信息存储空间,仅对用户上传内容的表现方式做保护处理,对用户上传分享的文档内容本身不做任何修改或编辑,并不能对任何下载内容负责。
- 6. 下载文件中如有侵权或不适当内容,请与我们联系,我们立即纠正。
- 7. 本站不保证下载资源的准确性、安全性和完整性, 同时也不承担用户因使用这些下载资源对自己和他人造成任何形式的伤害或损失。
最新文档
- 2025便利店商品采购与配送合同范本3篇
- 二零二五年度家居装饰材料区域代理采购合同3篇
- 2025年度10架AC311A直升机购销与地面服务保障合同3篇
- 二零二四年度三方贷款资金管理合同3篇
- 二零二五版高端装备制造工厂生产承包合同书模板3篇
- 年度智慧停车战略市场规划报告
- 2025年蔬菜大棚农业科技研发与创新合作合同2篇
- 年度丙二酮战略市场规划报告
- 二零二五版个人短期租房合同补充协议2篇
- 2024-2025学年高中历史第8单元20世纪下半叶世界的新变化第21课世界殖民体系的瓦解与新兴国家的发展课时作业含解析新人教版必修中外历史纲要下
- 第12讲 语态一般现在时、一般过去时、一般将来时(原卷版)
- 2024年采购员年终总结
- 2024年新疆区公务员录用考试《行测》试题及答案解析
- 肺动脉高压的护理查房课件
- 2025届北京巿通州区英语高三上期末综合测试试题含解析
- 公婆赠予儿媳妇的房产协议书(2篇)
- 煤炭行业智能化煤炭筛分与洗选方案
- 2024年机修钳工(初级)考试题库附答案
- Unit 5 同步练习人教版2024七年级英语上册
- 矽尘对神经系统的影响研究
- 分润模式合同模板
评论
0/150
提交评论