twiist™ will integrate with Senseonics Eversense® 365 CGM, enhancing diabetes management for type 1 patients, launching in Q3.
Quiver AI Summary
Sequel Med Tech and Senseonics have announced a collaboration to integrate Sequel’s twiist Automated Insulin Delivery (AID) System with Senseonics’ Eversense 365 one-year Continuous Glucose Monitoring (CGM) system, making it the first AID system compatible with this long-term CGM. Expected to launch in Q3 2025, this partnership aims to enhance diabetes management for individuals with type 1 diabetes by providing more options to personalize their care. The twiist system, already recognized for its advanced insulin delivery capabilities, will allow users to choose between two CGM options—Eversense 365 and Abbott’s FreeStyle Libre 3 Plus. Leaders from both companies expressed their commitment to improving quality of life for people living with diabetes through innovative technology and better management solutions.
Potential Positives
- Sequel Med Tech becomes the first company to integrate its twiist Automated Insulin Delivery System with the innovative Eversense 365 CGM system, enhancing its competitive edge in the diabetes management market.
- This partnership aims to offer people with type 1 diabetes greater flexibility and personalization in their care, potentially improving overall glucose control and convenience for users.
- The integration is expected to be available in Q3 2025, indicating a timely rollout that aligns with the growing demand for advanced diabetes management solutions.
Potential Negatives
- Potential uncertainties in the success and timeline for the integration of the twiist AID system with the Eversense 365 CGM, as noted in the forward-looking statements, may lead stakeholders to question the reliability of the announced collaboration.
- The press release outlines various uncertainties associated with new product launches and commercialization efforts that could impact the company’s market performance and investor confidence.
- The requirement for regular fingerstick blood glucose measurements even while using the Eversense 365 system may detract from its appeal compared to other CGM offerings, limiting potential user adoption of the integrated system.
FAQ
What is the twiist™ AID system?
The twiist™ AID system is an automated insulin delivery system designed to optimize insulin management for individuals with type 1 diabetes.
How does twiist integrate with Eversense 365?
The integration allows twiist to work with the Eversense 365 CGM, enhancing diabetes management with a one-year continuous glucose monitoring solution.
When will the twiist with Eversense 365 be available?
The integrated system is expected to launch in Q3 2025, providing new options for diabetes management.
Who will benefit from this collaboration?
This partnership aims to benefit individuals with type 1 diabetes by providing more personalized management tools and improved glucose control.
What is the significance of the Eversense 365 CGM?
The Eversense 365 is the first one-year continuous glucose monitoring system, offering convenience and accurate monitoring for diabetes patients.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$SENS Insider Trading Activity
$SENS insiders have traded $SENS stock on the open market 4 times in the past 6 months. Of those trades, 4 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $SENS stock by insiders over the last 6 months:
- DOUGLAS A ROEDER has made 2 purchases buying 325,000 shares for an estimated $135,500 and 0 sales.
- TIMOTHY T GOODNOW (President and CEO) purchased 315,000 shares for an estimated $97,650
- FREDERICK T. SULLIVAN (Chief Financial Officer) purchased 124,933 shares for an estimated $47,474
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$SENS Hedge Fund Activity
We have seen 48 institutional investors add shares of $SENS stock to their portfolio, and 44 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FIRST LIGHT ASSET MANAGEMENT, LLC added 6,431,799 shares (+inf%) to their portfolio in Q4 2024, for an estimated $3,366,403
- JANE STREET GROUP, LLC added 6,028,726 shares (+6694.1%) to their portfolio in Q4 2024, for an estimated $3,155,435
- UBS GROUP AG added 4,713,885 shares (+8523.9%) to their portfolio in Q4 2024, for an estimated $2,467,247
- CITADEL ADVISORS LLC added 1,462,718 shares (+1887.9%) to their portfolio in Q4 2024, for an estimated $765,586
- RENAISSANCE TECHNOLOGIES LLC added 1,376,020 shares (+inf%) to their portfolio in Q4 2024, for an estimated $720,208
- VANGUARD GROUP INC removed 1,370,954 shares (-5.8%) from their portfolio in Q4 2024, for an estimated $717,557
- MILLENNIUM MANAGEMENT LLC added 815,332 shares (+299.0%) to their portfolio in Q4 2024, for an estimated $426,744
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
twiist™ expands compatibility offerings to become the first AID system compatible with Senseonics Eversense ® 365 one-year CGM system
twiist with Eversense 365 launch expected in Q3
MANCHESTER, N.H. and GERMANTOWN, Md., April 29, 2025 (GLOBE NEWSWIRE) -- Sequel Med Tech, LLC, a company developing state-of-the-art insulin delivery technologies, and Senseonics Holdings, Inc. (NYSE American: SENS), a medical technology company focused on the development and manufacturing of long-term, implantable CGM systems for people with diabetes, today announced their commercial development agreement to integrate Sequel’s twiist Automated Insulin Delivery (AID) System powered by Tidepool with Senseonics’ Eversense 365 CGM. Through this collaboration, the twiist™ Automated Insulin Delivery (AID) System will become the first AID system compatible with the Senseonics Eversense 365, the world’s first and only one-year CGM system, offering people with type 1 diabetes a new level of flexibility and personalization in their diabetes management.
The agreement between Sequel and Senseonics will provide individuals with type 1 diabetes the option of a one-year CGM system that integrates with the twiist AID System. The integrated system aims to enhance diabetes management by offering people with diabetes more tools to manage care, which may lead to improved glucose control, increased convenience, and provide greater flexibility.
“Sequel is committed to investing in innovations that empower people with diabetes with options in how they manage their diabetes,” said Sequel CEO and Co-Founder Alan Lotvin, M.D. “By partnering with Senseonics, a company pioneering long-duration CGM, we aim to deliver the flexibility people want to personalize their diabetes management on their terms.”
“This collaboration with Sequel marks a significant step forward in transforming diabetes care,” said Tim Goodnow, PhD, President and CEO of Senseonics. “People with diabetes who choose the convenience and ease of our one-year CGM sensor have been waiting for a compatible AID system to enhance their diabetes management. The synergy of Eversense and twiist will provide people with diabetes our most recent innovations in advanced pump, algorithm, and sensor technologies to simplify diabetes management, providing users with an AID solution that unlocks the full experience of our year-long CGM technology.”
Sequel remains committed to advancing diabetes technology and expanding partnerships to give people with diabetes more choice and flexibility in how they manage their diabetes. People living with type 1 diabetes who choose to use twiist will have the flexibility to select from two compatible CGM partners, the Senseonics Eversense 365 and Abbott’s FreeStyle Libre 3 Plus sensor, to best suit their individual needs for managing diabetes.
In September 2024, Eversense 365 received FDA clearance as an integrated continuous glucose monitoring (iCGM) system for people with diabetes, paving the way for its use within an automated insulin delivery (AID) system. United by a shared commitment to simplifying diabetes management and improving quality of life, Senseonics and Sequel have begun work to integrate Senseonics’ newest generation one-year sensor, Eversense 365, with twiist, Sequel’s state-of-the-art AID system. This expanded CGM compatibility between Eversense and twiist will mark a significant advancement—offering greater personalization, more choice, and the potential for improved outcomes for people living with diabetes. The integration is expected to be available in the third quarter of this year.
About twiist
The twiist AID System is the first insulin delivery system that directly measures the volume of insulin delivered with every micro-dose. Cleared for people ages six and up with type 1 diabetes, the twiist AID System offers the capability and flexibility to address each person’s individual dosing needs. The twiist Loop algorithm, based on the diabetes community-driven Tidepool Loop, allows the system to automatically adjust basal insulin delivery based on real-time sensor readings and predicted glucose levels. For more information about twiist, set to be commercially available in Q2 2025, please visit www.twiist.com .
About Sequel Med Tech
Headquartered in Manchester, N.H., Sequel Med Tech, LLC is developing the next generation of transformative drug-delivery advancements. Sequel’s approach is to look at disease management holistically to advance systems that make living with disease simpler and easier for all. Its FDA-cleared innovation, the twiist® Automated Insulin Delivery (AID) system, integrates novel technologies to reimagine insulin delivery and sets a new standard for drug delivery. Co-founded by visionary Dean Kamen, serial entrepreneur Pablo Legorreta, seasoned medical device executive Bill Doyle and healthcare visionary Alan Lotvin, MD. Sequel is bringing the latest developments in science and technology to help drive more accessible drug delivery. For more information, visit sequelmedtech.com and twiist.com .
About Eversense
Eversense 365 is developed by Senseonics and brought to patients by Ascensia Diabetes Care, a subsidiary of PHC Holdings Corporation (TSE: 6523). As the only implantable CGM available, it offers patients a truly differentiated CGM experience, providing One Year of exceptionally accurate monitoring with minimal interruptions. It benefits endocrinologists and care teams by offering their patients confidence in decision-making, long-term peace of mind and enhanced quality of life with just one CGM. The unique approach also allows people to overcome common frustrations and interruptions experienced with traditional, short-term CGMs, so that patients can focus on managing their diabetes and not their CGM.
The Eversense ® Continuous Glucose Monitoring (CGM) Systems are indicated for continually measuring glucose levels for up to 365 days for Eversense ® 365 and 180 days for Eversense ® E3 in persons with diabetes age 18 and older. The systems are indicated for use to replace fingerstick blood glucose (BG) measurements for diabetes treatment decisions. Fingerstick BG measurements are still required for calibration primarily one time per week after day 13 for Eversense ® 365 and one time per day after day 21 for Eversense ® E3, and when symptoms do not match CGM information or when taking medications of the tetracycline class. The sensor insertion and removal procedures are performed by a health care provider. The Eversense CGM Systems are prescription devices; patients should talk to their health care provider to learn more. For important safety information, see www.eversensediabetes.com/safety-info/ .
A media kit for Eversense 365, including images, logos and further information, can be accessed at www.ascensia.com/media/eversense365-media-kit/
About Senseonics
Senseonics Holdings, Inc. ("Senseonics") is a medical technology company focused on the development and manufacturing of glucose monitoring products designed to transform lives in the global diabetes community with differentiated, long-term implantable glucose management technology. Senseonics' CGM system Eversense ® 365 includes a small sensor inserted completely under the skin that communicates with a smart transmitter worn over the sensor. The glucose data are automatically sent every 5 minutes to a mobile app on the user's smartphone.
Forward Looking Statements
Any statements in this press release about the expectations regarding potential impact on people with diabetes’ and providers’ experience, benefits and outcomes, statements regarding the results, success and timeline for completion of the integration, and other statements containing the words "believe," “expect,” “intend,” “may,” “projects,” “will,” “planned,” and similar expressions, constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: uncertainties inherent in the new product launch and ongoing commercialization of Eversense 365, uncertainties inherent in the coordination with third parties and new partners, uncertainties inherent in the development of new technologies, uncertainties in insurer, regulatory and administrative processes and decisions, uncertainties in prescriber and patient decisions and responses to new technology or initiatives, and such other factors as are set forth in the risk factors detailed in Senseonics' Annual Report on Form 10-K for the year ended December 31, 2023 and subsequent quarterly reports on Form 10-Q filed with the SEC under the heading "Risk Factors." In addition, the forward-looking statements included in this press release represent Senseonics’ views as of the date hereof. Senseonics anticipates that subsequent events and developments will cause Senseonics’ views to change. However, while Senseonics may elect to update these forward-looking statements at some point in the future, Senseonics specifically disclaims any obligation to do so except as required by law. These forward-looking statements should not be relied upon as representing Senseonics’ views as of any date subsequent to the date hereof.
Sequel Media Contact
Greta Gustafson
Highwire PR
[email protected]
Senseonics Investor Contact
Jeremy Feffer
LifeSci Advisors
[email protected]