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Senseonics Holdings Remains On-target To Achieve Annual Growth Of ~50% In Patient Installed Base At The End Of 2024 As Compared With 2023; Reiterates FY24 Global Net Revenue Guidance Of ~$22M

Benzinga ·  Dec 9 21:11

Senseonics Holdings, Inc. (NYSE:SENS), a medical technology company focused on the development and manufacturing of long-term, implantable continuous glucose monitoring (CGM) systems for people with diabetes, today provided commercial updates related to the Eversense 365 launch.

Eversense 365 Commercial Launch Update

  • Launched Eversense 365 in October with global commercial partner Ascensia Diabetes Care and began shipping product in November
  • Seeing strong interest in Eversense 365, as evidenced by the following early launch performance indicators:
    • Direct-to-Consumer (DTC) leads in each of October and November were more than double the number of leads in pre-launch months
    • New patient shipments in November were the highest compared to any month since inception of the Ascensia partnership
    • Since launch, Eversense 365 has already shown a 42% increase in the number of providers prescribing Eversense and a 69% increase in prescriptions from top prescribers compared to the pre-launch rate in 2024
    • One-third of Eversense 365 prescribers are new first-time Eversense prescribers
    • The number of patients switching to Eversense monthly from competitive CGMs has increased 47% since Eversense 365 launch
  • Remain on-target to achieve annual growth of approximately 50% in patient installed base at the end of 2024 as compared with 2023
    • Reiterated full-year 2024 global net revenue guidance of approximately $22 million
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