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DexCom (DXCM) Stock Rallies on Apple Watch Partnership

Shares of DexCom DXCM popped nearly 5% in afternoon trading Monday after Apple AAPL announced that it has partnered with the company to deliver glucose monitoring on its latest Apple Watch operating system.

The latest Apple Watch news, which included a full introduction to Watch OS 4, was announced earlier today at Apple’s annual Worldwide Developers Conference. Among several other updates, Watch OS 4 with feature glucose data that is pulled from DexCom monitors.

Based out of San Diego, California, DexCom is a leader in continuous glucose monitoring systems for diabetes management. The company’s latest platform, the G5 Mobile CGM System, provides real-time glucose readings every five minutes and is the only FDA-approved CGM system that does not require pricking your finger.

Watch OS 4 will also deliver several new Watch faces, improvements to the device’s Activity functions, and new “Monthly Challenges” for exercise. There were also several announced compatibilities with various types of equipment. For example, Apple promised data exchange between the Watch and one’s surfboard, allowing for real-time wave high readouts and calorie burning results.

The Watch OS 4 announcement also included new updates to the music player, as well as a new docking system. The dev preview will be available today, with a free update available for all Watch users in the fall.

Make sure to check back here for the latest news from WWDC!

Want more stock market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!

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