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More companies

Modular Medical (MODD)

Sector - Healthcare

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IPO Profile

About company

Modular Medical is a development stage medical device company focused on the design, development, and commercialization of an innovative insulin pump using modernized technology to increase pump adoption in the diabetes marketplace. Through the creation of a novel two-part patch pump, their MODD1 product, or MODD1, the Company seeks to fundamentally alter the trade-offs between cost and complexity and access to the higher standards of care that presently available insulin pumps provide. By simplifying and streamlining the user experience from introduction, prescription, reimbursement, training and day-to-day use, they seek to expand the wearable insulin delivery device market beyond the highly motivated “super users” and expand the category into the mass market. The product seeks to serve both the type 1 and the rapidly growing, especially in terms of device adoption, type 2 diabetes markets. They believe that there are a number of shortcomings and issues with currently available insulin pumps that prevent a substantial number of people who require insulin on a daily basis from choosing an insulin pump to treat their diabetes. They believe that by tailoring their insulin pump to address such factors, they can expand the scope and adoption rate of insulin pump usage.
Industry
Surgical & Medical Devices - Insulin Pumps
CEO CFO
-
Employees Founded
20 1998

Contacts

Address: 16772 W. Bernardo Drive San Diego, California 92127

Telephone: 858) 800-3500

Web page: http://www.modular-medical.com

IPO information

First Trade Date 2/10/2022
Status Priced
Exchange NASDAQ
Lockup Period Expiration .Pro
Quiet Period Expiration .Pro
Old Price Range
-
Share prices ($)

Shares & Volumes

Shares Initial (MM) 2.4
Shares Revised (MM) 2.5
Expected offer amount (MM) $35
Realized offer amount(MM) $15

Financial Data (last reporting year)

Market Cap (MM) $118.78
Revenues (MM) $0
Net Income (Loss) (MM) $-9.22

Voting

What do you think will happen with the MODD share price after the next 3-6 months? 🔥 (+ 10% or more, flat (+ -10%), -10% or less)

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The lead left underwriter: Oppenheimer & Co.

IPOs led by the firm .Pro
Profitability of conducted IPOs  ?  .Pro
1st day change  ?  .Pro
Change for the first 3 months  ?  .Pro
Underwriters
Oppenheimer & Co.
CO-Managers
The Benchmark Company/ Lake Street Capital Markets

Sector: Healthcare

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