Business Update

Investment firm starts diabetes device company coverage with outperform rating

Published in Obesity and Diabetes Week, July 4th, 2005

William Blair & Company announced that it initiated research coverage of DexCom, Inc. (DXCM), which has developed a continuous glucose sensor technology to help diabetics better manage their disease, with an outperform rating and company profile of aggressive growth.

Analyst Ben Andrew estimated that the company, whose first product, a short-term sensor, is under expedited review by the U.S. Food and Drug Administration (FDA) and could reach the domestic market in second quarter 2006, would generate revenues of $10 million in 2006, $63 million in 2007, and $160 million in 2008, with the company turning profitable in third quarter 2007.

William Blair...

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Source: Obesity and Diabetes Week (2005-07-04)

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