Welcome to our dedicated page for Modular Med news (Ticker: MODD), a resource for investors and traders seeking the latest updates and insights on Modular Med stock.
Modular Medical, Inc. reports developments tied to its diabetes-focused medical device business and its Pivot tubeless insulin patch pump. The company is a development-stage insulin delivery technology company using patented technologies to support insulin pump adoption among people with diabetes. Pivot is described as a two-part tubeless patch pump with a removable 3 mL reservoir, disposable battery, and smartphone connectivity for bolus and monitoring.
Recurring MODD news includes FDA 510(k) clearance for Pivot, manufacturing validation, commercial-readiness updates, investor presentations, Nasdaq listing compliance, reverse stock split actions, shareholder voting matters, capital-structure disclosures, governance updates, and operating and financial results.
Modular Medical Inc. (NASDAQ:MODD) is set to present at the LD Micro Invitational XII Investor Conference on June 8, 2022, at 3:30 PM PT in Westlake Village, California. CEO Jeb Besser will hold one-on-one meetings with institutional investors and analysts throughout the event. Modular Medical aims to revolutionize insulin delivery with affordable, user-friendly insulin pump technology, improving access to glycemic control for individuals with diabetes. The company was founded by Paul DiPerna, known for his role in developing Tandem Diabetes' t:slim insulin pump.
Modular Medical, Inc. (NASDAQ:MODD) will present at the Spring Into Action - Best Ideas Virtual Investor Conference on May 18, 2022, at 1:00 p.m. ET. CEO Jeb Besser will discuss the company’s innovative insulin delivery technology aimed at making insulin pumps more affordable and user-friendly. The event will include one-on-one meetings with investors, and interested parties can view the presentation live or as a replay. Modular Medical aims to revolutionize diabetes management with its patented technologies, enhancing access to effective glycemic control.
Modular Medical (NASDAQ:MODD) announced a registered direct offering of 449,438 shares at $4.45 each, and pre-funded warrants to purchase 1,348,314 additional shares at $4.44 each. A concurrent private placement will issue warrants for 1,438,202 shares at an exercise price of $6.60, with expected gross proceeds of $8 million. The Company plans to utilize the funds for operations, product development, and general corporate purposes. Closing is expected around May 5, 2022, pending customary conditions.
Modular Medical Inc. (NASDAQ: MODD) announced its presentation at Oppenheimer's 32nd Annual Healthcare Conference on March 15, 2022. CEO Jeb Besser will represent the company in a virtual session starting at 8:40 am Eastern Time. A webcast of the presentation will be accessible at modular-medical.com/events and archived for 30 days. Modular Medical aims to launch innovative insulin pump technology, improving ease of use and affordability for diabetes management.
Modular Medical has appointed James "Jeb" Besser as its new CEO, effective immediately. Besser, with 25 years of experience in life sciences and technology, previously served as managing member of Manchester Management LLC, the company’s largest shareholder. Lynn Vos, the outgoing CEO since August 2021, remains on the board and will assist in marketing strategies. The company also reaffirmed its timeline for the 510(k) submission of its next-generation MODD1 insulin pump to the FDA, expected in Q2 2022, aiming to improve access to insulin delivery technology.
Modular Medical, Inc. (NASDAQ:MODD) has priced its underwritten public offering of 2,500,000 units at $6.00 each, with expected gross proceeds of $15 million. Each unit comprises one share and one warrant. The proceeds will fund corporate purposes, sales infrastructure, R&D, production capabilities, and repayment of a promissory note. The company’s common stock is now approved for listing on the Nasdaq Capital Market starting February 10, 2022. The offering is set to close on February 14, 2022.
Modular Medical, Inc. (OTCQB:MODD) has expanded its Board of Directors by appointing Steven G. Felsher and Philip B. Sheibley as independent directors. CEO Lynn O'Connor Vos highlighted their extensive experience, which will be invaluable as the company aims to enhance insulin pump technology for better diabetes care, particularly for underserved communities. Felsher brings over 30 years of financial and management expertise, while Sheibley focuses on life sciences consulting, further strengthening the company's leadership as it prepares for product commercialization.
Modular Medical, Inc. (OTCQB:MODD) announced a 1-for-3 reverse stock split effective November 29, 2021, aimed at meeting the Nasdaq Capital Market listing requirements, specifically a minimum stock price of $4.00. The company’s common stock will initially trade as MODDD before reverting to MODD after 20 business days. The reverse split consolidates shares, ensuring no fractional shares are issued. Modular Medical is committed to providing innovative insulin delivery solutions for diabetes management. There are no assurances on meeting all Nasdaq requirements or securing uplisting approval.
Modular Medical has appointed Lynn O'Connor Vos as the new CEO, effective immediately, while founder Paul DiPerna transitions to Chairman and Chief Technology Officer. O'Connor Vos aims to enhance the company's insulin delivery system, targeting accessibility for the 3.5 million Americans needing intensive insulin therapy. With a background in healthcare leadership, she plans to pursue public-private partnerships and refine patient experiences. The company emphasizes affordable insulin pump technology for broader adoption, particularly in underserved communities.
Modular Medical, Inc. (OTCQB:MODD) announced the appointment of Lynn O'Connor Vos to its board of directors, bringing extensive healthcare expertise. Vos, a former CEO of Greyhealth Group, has a proven track record of driving revenue growth and establishing partnerships in the healthcare sector. Her leadership at the Muscular Dystrophy Association saw a significant organizational turnaround. CEO Paul DiPerna expressed confidence that Vos's insights will enhance Modular's market presence and commitment to improving diabetes care.