Business
Modular Medical Uplists to OTCQB Venture Market
SAN DIEGO, CA / ACCESSWIRE / February 18, 2021 / Modular Medical, Inc. (OTCQB:MODD), a development-stage company in the diabetes/insulin delivery space, today
About this update from Modular Medical, Inc.
[{"type":"text","content":"SAN DIEGO, CA / ACCESSWIRE / February 18, 2021 / Modular Medical, Inc. (OTCQB:MODD), a development-stage company in the diabetes/insulin delivery space, today announced its successful uplisting to the OTCQB® Venture Market. Modular Medical's common stock will continue to trade under the ticker \"MODD.\"The Company believes listing on the OTCQB will result in improved liquidity and facilitate trading of the Company's common stock while allowing the Company to expand its outreach efforts to increase investor awareness and interest.\"After over 3 years of development, the time has come for MODD to raise its profile with investors and in the diabetes industry in preparation for a 510(k) submission to the FDA this year and a 2022 commercial launch of our initial product,\" said CEO Paul DiPerna. \"Our mission to provide simpler, more affordable access to the latest diabetes technology represents the next step in the expansion of insulin delivery for people with diabetes who have been poorly served by or have lacked access to existing complex, expensive products. It's time for all insulin dependent people to have access to the same care available to the \"superusers.\" It's time for \"diabetes care for the rest of us.\"\"Modular Medical is a development-stage company in the insulin pump space. The company was founded by Paul DiPerna the previous founder of Tandem® Diabetes Care (TNDM), an industry professional with over 30 years of experience in medical devices and who has led 10 projects to FDA approval and holds over 70 patents in micro-fluidics.The OTCQB Venture Market, which is operated by OTC Markets Group Inc., is a premier market for entrepreneurial and development stage U.S. and international companies that are committed to providing investors high-quality trading and improved market visibility to enhance trading liquidity. To be eligible, companies must be current in their financial reporting with the SEC, pass a minimum bid price test and undergo an annual company verification and management certification process. The OTCQB quality standards provide a baseline for financial transparency and provide more comprehensive compliance requirements.About Modular Medical, Inc.Modular Medical, Inc. (OTCQB: MODD) is a development-stage, insulin delivery company. The Company's founder, CEO and lead stockholder is Paul DiPerna, who was t...