BD Spinoff Embecta Hosts Virtual Investor Event; Discloses Insulin Patch Pump Program for T2DM
Here is a brief preview of this blast: Embecta hosted a virtual investor event (slides; webcast) where management provided an overview of the company in terms of the global diabetes landscape, its position in the market, benefits of the spin-off, and global growth opportunities. Recall, in May 2021, BD announced plans to spin off its diabetes business as an independent, publicly-traded company (previous FENIX insight) and in February 2022, the company's board of directors approved the planned spinoff (view press release). Of note, during the investor event, Embecta disclosed that the company is developing an insulin patch pump designed to reduce adoption barriers for individuals with T2DM. Below, FENIX provides highlights and insights from the presentation as it relates to the patch pump device.