Key highlights prompted Senseonics Haltings, Inc. (SENS), shares high in the after-hours

Senseonics Haltings, Inc. (NYSE American: SENS), shares spiked 47.14% to $0.925 in the ‎after-hours session Wednesday. The company has officially revealed financial and ‎organizational modified products to design and commercialize long-term implantable ‎continuous glucose monitoring systems (CGM).‎

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Net sales are projected to amount to around $3.5 million in the fourth quarter of 2020 and ‎rise from previous estimates by about $2.5 million.‎

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The letter obtained from the FDA detailing agency personnel’s redislocation to fix COVID-19 ‎public health product authorization (EUA) concerns marketing applications, including the ‎Eversense 180-day product, which is being postponed by at least 60 days. Applications for ‎COVID-19 public health products Senseonics believes that this is consistent with other ‎medical technology firms’ findings.‎

Inclusion of Eversense Tier III CPT codes in the Practitioner Fee Schedule (PFS) 2021 Centers ‎for Medicare & Medicaid Programs (CMS), facilitating global payment for the purchase of ‎devices and procedural costs for healthcare providers across the U. S.‎

Net revenue is forecast to be within $12 and $15 million for the full year 2021, depending ‎on the installed base, accelerating Ascensia’s market operations, and other factors.‎

The deal was concluded with Roche to promote the distribution transfer to Ascensia, as ‎Roche sales end on 31 January 2021, comprising final orders, support activities for ‎transition, and settlement of other issues.‎‎

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‎By completing their ‎second lien loans to common equity, Highbridge’s second-lien loan was extinguished, ‎simplifying the United States’ financial structure.‎

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