Insulet Corporation (NASDAQ:PODD) sells the only commercially available insulin infusion system OmniPod. OmniPod is a handheld device that consists of a pod, which can be worn on many parts of the body to hold and deliver insulin. The device wirelessly programs the Pod and calculates suggested doses with the help of a built-in blood glucose meter. The company has agreements with Abbott (NYSE:ABT) and DexCom (NASDAQ:DXCM) to integrate its OmniPod Personal Diabetes Manager. Neighborhood Diabetes was acquired by PODD in 2011 for $63 mn. The deal gave access to 15,000+ insulin-dependent customers. PODD gained FDA approval in January 2005 and has ~38,500 patients using the system as of December 31, 2012. Before going into...
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