Medtronic's Diabetes Spinoff MiniMed Files for IPO, Faces Manufacturing Challenges
Medtronic's planned diabetes device spinoff, MiniMed, has filed for an initial public offering (IPO), marking a significant development in the competitive diabetes technology market. The company, which offers a comprehensive portfolio of insulin pumps, continuous glucose monitors (CGMs), and other diabetes management devices, aims to position itself as a unique player in the industry. However, the IPO filing has revealed both promising strategies and notable challenges for the new entity.