Stock Monitor: Bovie Medical Post Earnings Reporting
LONDON, UK / ACCESSWIRE / May 22, 2018 / If you want access to our free research report on Valeritas Holdings, Inc. (NASDAQ: VLRX), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=VLRX as the Company's latest news hit the wire. On May 18, 2018, the Company reported positive results from two new studies assessing its V-Go Wearable Insulin Delivery device, during poster presentations at the American Association of Clinical Endocrinologists Annual Scientific and Clinical Congress held in Boston, Massachusetts. Register today and get access to over 1,000 Free Research Reports by joining our site below:
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Details of the Studies Presented
- Short-term Evaluation Demonstrates Improved Glycemic Control with New Insulin Delivery Device: This three-month evaluation was conducted in 60 patients with type-2 diabetes across multiple endocrine clinics within the Southern California Kaiser Permanente Group to study if simplifying insulin delivery with a new insulin delivery device (V-Go) resulted in improved glycemic control in patients who were uncontrolled on prior regimens. After three months of V-Go use, significant reductions were observed in both A1C and TDD. Improvements in A1C were noted across a wide range of baseline insulin doses (30 to 200 U/day). Prior to initiating V-Go, 60% of patients exhibited poor glycemic control which was reduced to 22% of patients with use of V-Go.
- 24-Hour Wearable Basal-Bolus Insulin Delivery Device Improves Time in Range and Treatment Satisfaction over Multiple Daily Injections-A Pilot Study: This prospective pilot study used continuous glucose monitoring technology to compare blood glucose time in range for an insulin regimen consisting of three or more insulin injections/day to time in range after switching to V-Go for basal-bolus insulin delivery. Blood glucose time in range (80 to 140 mg/dl) was evaluated using CGM in seven patients diagnosed with type-2 diabetes on stable doses of three or more insulin injections/day and after five weeks of V-Go use. After switching to V-Go, the average time in range for all patients increased by 35% and insulin TDD decreased by 39% from 97 to 59 U/day compared to baseline insulin therapy. On a patient basis, 6 out of 7 patients experienced improved time in range. In these six patients, average time in range increased by 49% and insulin TDD decreased from 83 to 56 U/day compared to baseline insulin therapy. Across all patients, treatment satisfaction scores were higher for V-Go compared to prior insulin therapy.
Post announcement of the news, shares of the Company surged in pre-market trade.
About V-Go® Wearable Insulin Delivery Device
V-Go® Wearable Insulin Delivery device, Valeritas' flagship product, is a simple, affordable, all-in-one basal-bolus insulin delivery option for patients with diabetes that is worn like a patch and can eliminate the need for taking multiple daily shots. V-Go administers a continuous preset basal rate of insulin over 24 hours and it provides discreet on-demand bolus dosing at mealtimes. It is the only basal-bolus insulin delivery device on the market today specifically designed keeping in mind the needs of type-2 diabetes patients.
About Valeritas Holdings, Inc.
Founded in 2006 and headquartered in Bridgewater Township, New Jersey, Valeritas is a commercial-stage medical technology company focused on improving health and simplifying life for people with diabetes by developing and commercializing innovative technologies.
Stock Performance Snapshot
May 21, 2018 - At Monday's closing bell, Valeritas's stock fell 1.26%, ending the trading session at $1.57.
Volume traded for the day: 1.18 million shares, which was above the 3-month average volume of 667.39 thousand shares.
After yesterday's close, Valeritas's market cap was at $29.42 million.
The stock is part of the Healthcare sector, categorized under the Medical Instruments & Supplies industry. This sector was flat at the end of the session.
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