Medtronic to Spin Off Diabetes Business and CY Q1 '25 (FY Q4 '25) Earnings; Akero Acquisition Rumor
Here is a brief preview of this blast: Two cardiometabolic-related news items have been observed: Medtronic announced plans to spin off its diabetes business (press release; slides) and hosted its CY Q1 '25 (FY Q4 '25) earnings call (press release; slides); and Akero Therapeutics has reportedly received an acquisition proposal from an undisclosed strategic buyer (view article). Below, FENIX provides highlights and insights for the respective news items, including thoughts on what the Medtronic diabetes spinoff means for the rest of the market.