- Insulet Corporation (NASDAQ:PODD) announced a Medical Device Correction for the Omnipod 5 Automated Insulin Delivery System because of an issue with the Omnipod 5 Controller charging port and cable.
- Insulet has received 24 reports that the Omnipod 5 Controller charging port (USB-C port) or cable (USB cable) is melting, deforming or discoloring due to heat generated by a poor connection between the cable and the port.
- Related: Insulet Shares Jump After Q3 Earnings Surpass Expectations, Improved Annual Guidance.
- The excess heat may cause minor burns if those areas of the Controller are touched or could lead to a fire. No serious injuries have been reported to Insulet as a result of this issue.
- Omnipod 5 users are being notified by email with instructions on detecting and reducing the risk of an issue with the charging port or cable.
- This does not impact the Omnipod 5 Pod, the Omnipod DASH Insulin Management System, the Omnipod Insulin Management System, or compatible Android smartphone devices with the Omnipod 5 App installed.
- These actions are taken voluntarily with the knowledge of the FDA.
- Price Action: PODD shares are up 2.82% at $298.27 on the last check Tuesday.
Do Kwon, Terraform Labs Tell Court: SEC Hasn’t Proven ‘Defendants Did Anything Wrong’
Terraform Labs and its co-founder, Do Kwon, have approached a federal court to stand by their defense against the U.S. Securities and Exchange Commission's (SEC) allegations of fraud.
