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Tandem Diabetes Care Shares Rise 12% After Tubeless Mobi Clearance

Tandem said the U.S. Food and Drug Administration granted 510(k) clearance for the tubeless system. Shares reached $19.62 at 9:59 a.m. ET.

A compact insulin delivery device rests on a vermilion plinth / TokenPost.ai
A compact insulin delivery device rests on a vermilion plinth / TokenPost.ai

Tandem Diabetes Care announced Friday that the U.S. Food and Drug Administration (FDA) granted 510(k) clearance for a tubeless version of its Mobi insulin-delivery system.

Tandem shares gained $2.11 to $19.62, a 12% increase, at 9:59 a.m. ET (14:59 UTC).

Riza Dagoc

Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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