Dexcom's exceptional results defy GLP-1 concerns
27 October 2023
As the MedTech earnings season unfolds, Dexcom's spectacular 3Q23 results shatter GLP-1 fears, boosting diabetes-related stocks.
Bottom line
Dexcom's results resonate with the sentiment expressed in our previous article, reinforcing the idea that GLP-1 drugs and medical devices can indeed thrive together.
This is a catalyst that can restore market confidence and realign MedTech valuations with fundamentals, dispelling any lingering fears and doubts. We remind our investors that the recent market sell-off presents a unique opportunity to gain exposure to the counter-cyclical medical device industry.
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