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Tandem Diabetes Care Issues Voluntary Medical Device Correction for Select t:slim X2 Insulin Pumps

1. Tandem Diabetes Care issues a correction for potential t:slim X2 insulin pump errors. 2. Malfunction could lead to insulin delivery stoppage, impacting user health.

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FAQ

Why Bearish?

The announcement of device correction may create concerns about product reliability, similar to past recalls causing stock declines.

How important is it?

The announcement of a medical device correction can significantly affect consumer trust and sales performance.

Why Short Term?

Immediate user concerns can impact sales and market perception in the upcoming quarter.

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SAN DIEGO--(BUSINESS WIRE)--Tandem Diabetes Care, Inc. (Nasdaq: TNDM) has announced a voluntary medical device correction for select t:slim X2 insulin pumps to address a potential speaker-related issue that can trigger an error resulting in a discontinuation of insulin delivery. The error, which appears as a Malfunction 16 alarm to the user, will stop insulin delivery and terminate communication between the insulin pump and the continuous glucose monitoring (CGM) device. If not addressed, this.

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