MiniMed Group, Inc.
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MiniMed Group, Inc. (MMED) is a medical technology company based in Northridge, California, best known for developing and manufacturing devices for diabetes management.
The company generates revenue by selling a portfolio of products designed for insulin therapy. This includes insulin delivery systems such as insulin pumps and pens, as well as continuous glucose monitors. It also provides the necessary consumables, supplies, and supporting software and services. These technologies form two main platforms: Automated Insulin Delivery systems, which sense glucose levels and automate insulin dosing, and Smart Multiple Daily Injection systems for patients who manually administer insulin injections.
MiniMed’s products are used by people with diabetes who require insulin therapy, which encompasses all individuals with Type 1 diabetes and a significant portion of those with Type 2 diabetes. The company has been operating in this specialized field since its founding in 1983, building an integrated ecosystem of devices and digital tools aimed at helping patients manage their condition.