Modular Medical develops and sells the Pivot, a tubeless patch insulin pump for people with diabetes who require daily insulin injections. The Pivot is a three-part system consisting of a reusable pump, a disposable cartridge, and a disposable infusion set that adheres directly to the body. The device delivers basal and bolus insulin via a single button, eliminating the need for tubing, separate controllers, or charging. Modular Medical targets patients who have previously rejected insulin pumps due to complexity or cost. The Pivot features a 3 mL reservoir, which is larger than most patch pump alternatives, making it suitable for both Type 1 and Type 2 diabetes patients. The company utilizes a recurring revenue model, generating sales from the disposable components that users replace every three days, while the reusable pump portion lasts 90 days. Modular Medical prioritizes the pharmacy benefit reimbursement channel to reduce patient onboarding friction by avoiding lengthy insurance authorizations. Modular Medical outsources manufacturing to Phillips Medisize, using consumer electronics components to target a lower cost structure. The company is expanding its U.S. commercial presence through a direct sales force and third-party distributors. Modular Medical also plans to pursue international growth via CE mark clearance and develop automated insulin delivery systems that integrate with continuous glucose monitors.
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