I'm new here, am a doctor and have a diabetic child, going on 3 years with omnipod. Got lots of comments, curious about issues with other users, curious about the stock, educated well on both. Reasons for the stock to be going up could be for different reasons: do you guys out there know that they are to put out a pod that is 40% smaller this year?, and that they will have a built in sensor soon thereafer? Is this why the stock is going up on slightly more volume, or is it the buy out potential?
As to the pod, I love customer support, hate the glue which fails with sweating, and swimming, am truly amazed how disorganized the company is as to billing. They delay asking us for money longer than any of you would want for your company. Any users out there that want to share bs control issues, there is a lot there. Enough for now.
demfascists-- actually yes... and I will explain.
When I started out in training a while ago, before the advent and ease of continuous subcutaneous insulin infusion (CSII, or pump therapy), all I had for my patients (adult or children) was shot therapy with regular, NPH, Lente, and Ultralente insulins. Controlling blood sugars was much harder as you were dealing with delayed and variable onset of activity and peak much less taper off of the insulins and then the meters took 1-2 minutes. Imagine trying to figure out if the knocked out or not acting right person that you loved in front of you was suffering a super-high reaction or a super-low reaction and had to wait 2 minutes to find out. Try it--sit and stare at your watch for 2 minutes with slight desperation and panic while awaiting for the result. It is not easy as the treatments are completely opposite.
Then came our own family's delving into this disease or illness. Our only child, 23 months old and 18 pounds in weight at diagnosis, went through this. 1/2 unit of regular would control her from 100-200 mg/dL of blood glucose at peak activity. Meters were improved to 45 seconds for reading time. Multiple low blood sugar reactions as well as highs. A few seizures as well--ever hold a child, much less your own, that was unconcious in your own arms? Try that too... not pretty either...
When we first got to start pump therapy, they were still questioning whether she was too young at 8-9 years old. Once started, fewer highs and markedly fewer lows. A1C smoothed out and downward. Stability in the family life. Ability to sleep a little easier. Almost nirvana.
Even with teenage years, sailing much smoother except the desire to get rid of the "cord" kept creeping up, trying to fit in and not have a tether or tubing that got caught and pulled in school or sports or elsewhere. We switched to the Omnipod and have been thrilled since. Solution to the adhesive issue has been using a tegaderm on the skin.
There is over 1 million diabetic children in this country and numbers keep growing. As I work at diabetes camps and meet new families, each has their own story of trials, hardship, scares, and more. A number have transitioned to pump therapy with great success. A number have tried and use the Pod. More kids get diagnosed each year and the rate is rising. Pump therapy is beginning at earlier and earlier ages (below age 2).
So unfortunately the future is bright for type 1 diabetes. There is no cure except Islet cell transplant. Pump therapy is better than shot therapy. This technology is awesome and will be bought up by a major company before allowed to go away.
This company going away will be a detriment to my child, and many other parents who rely on this technology. So your desire to bash and mess with this company really becomes an assault and afront to the health and well being of my daughter, and many others like her. But yes, don't confuse enthusiasm with blind stupidity--with the nice run up, even I am not that naive to not take principal off the table. "Bulls make money. Bears make money. Hogs get slaughtered." Some of us are just trying to survive and build a better future.
I too am a doc with a diabetic teen. Lots of things to love about the company and hold stock.
Customer support is good.
Has anyone else had issues with glue-adhesive reactions recently? That is frustrating the teen to no end. And have not got a satisfactory answer other than more frequent podd use.
BTW, with the adhesive issue, we have found Coban wrap quite helpful for insuring no problemns occur with activities.
Correction: I see that you love Insulet Customer Support. They are great! Not too sure about the billing process but as long as the Customer Support is supportive that's all that counts. Billing could be an issue but once the experation is up on the insurance codes Omnipodd will be covered under Medicaid/Medicare in the near- future. I can't wait til this happens. I am just so excited that the podd which has basically changed my life will help soo many other people with diabetes and probably other conditions(pain management) for generations to come. Amazing!
The pod has changed my life for the better. I have never had a problem with customer service. As for billing, because of my insurance company, I have to use a third party supplier; I haven't had any billing problems with them. After seeing how remarkable the device is, I bought the stock. I am a long term hold, unless of course they get bought out by a larger company which I believe could happen and result in a large premium for stock holders. I hadn't heard about the smaller size pod (that would be great) but I am anxious to have the PDM integrated with my Dexcom Seven CGM. A key for profitability for PODD is having enough unit volume such that it can lower manufacturing cost per pod. This metric has been steadily improving and as more people begin using the pod, I would think they could get those costs down fast. The other interesting prospect for PODD is using the pod for delivery of other medications. I'm very bullish!
dshulmister: I will give you two highly recommended products to fix the problem.
1) Liquid band-aid
These can either be applied using a q-tip or spray. The pharmacy has these items and usually has to be specially ordered. These two items should definitely do the trick.
P.S. When I went to an ADA event a couple of months back, the crowds around the omnipodd booth were amazing. Medtronic/Animas were virtually empty. This goes to show how attractive this company is and how far technology has come. I feel a big company needs Insulet more than Insulet needs them. I would imagine the big players are dumb-founded and are very very worried about Insulet. Insulet is/will be the leader in Pump technology in years to come.
HI, There are many reasons for a move up. Omnipodd is coming out with a Pod that is half the size. It can still hold the same amount of insulin. They are also coming out with a PDM generation 3 that will have the ability to be integrated with Dexcom or Navigator. There are so many exciting advancements in the near-future with this company. I see that you have had trouble with customer support. Well, I am sure that can be improved but this company knows how to do things right and it still is way better than being on Minimed/Animas w/ tubing. I have diabetes and where the podd and I would never go back to a pump with tubing. Tubing is a huge burden on my life, especially being a Professional weight-lifter. This company reminds me of an apple i-phone. In years to come one wouldn't be able to be comfortable w/o iphone , the same goes for one who is on a pump wouldn't be able to enjoy the frredom of life w/o using a omnipodd.