Sep. 5 at 12:59 AM
Modular Medical announced a contract with a national U.S. pharmacy benefit manager (PBM), making its Pivot insulin delivery system available through the PBM’s network. The company described the agreement as an important commercial milestone as it prepares for the broader launch of its tubeless Pivot insulin patch pump.
CEO Jeb Besser said the partnership with one of the country’s largest PBMs could significantly expand patient access to the Pivot system. PBMs work with health plans, employers, pharmacies and drug manufacturers to manage prescription benefits and improve access to healthcare.
The wearable Pivot pump is designed to provide continuous subcutaneous insulin delivery, including both basal and bolus dosing, for a three-day wear period. Modular Medical says the system is intended to offer a simpler transition from multiple daily injections to insulin pump therapy while expanding access to pump-based diabetes treatment.
$MODD