Dexcom inks continuous glucose monitoring deal with UnitedHealth

Shares in Dexcom (NSDQ:DXCM) rose 4% today after the company announced a partnership with UnitedHealth (NYSE:UNH) to assess if data from a continuous glucose monitor can help people with Type II diabetes manage their condition in a cost-effective way.

UnitedHealth is slated to use CGM data, as well as diet and exercise activity, in a study of 10,000 people that will launch within the next nine months. If the initial study is successful, UnitedHealth plans to kick off a network-wide initiative, Seeking Alpha reported.

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