DexCom Incorporated Q4 2007 Earnings Call Transcript

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2008-03-11 15:37:08.0

Tags: DexCom Inc.

Question-and-Answer Session

Operator

Thank you. (Operator Instructions). We’ll go first to Tom Gunderson with Piper Jaffray

Tom Gunderson - Piper Jaffray

Hi, good afternoon guys.

Terry Gregg

Hey, Tom.

Tom Gunderson - Piper Jaffray

I just want to make sure I understood this right. Are you, Terry, did you say that you are moving for a focus on the top 50 centers to the top 100.

Terry Gregg

That’s correct.

Tom Gunderson - Piper Jaffray

And how long do you expect that to last before that expands out further.

Terry Gregg

We are going to look at it through the first half of ’08, and then look out at what we need to do from an expansion standpoint. I’d also say, Tom, that, during that timeframe, we are also completing our commercialization agreements with both J&J and Animas, which, by the end of this year, they will have some 200 people in the field, as well as additional work with Insulet, and they will have some more, close to 50 to 60 individuals, in the field by the end of this year. So we really get the benefit of that, obviously, in that endeavor. Although it's not an integrated product, their teams are talking about the utilization of CGM along with their pump therapy, even as we speak.

Tom Gunderson - Piper Jaffray

Got it. So they are not going to wait to market until middle of ’09, they will get going later this year.

Terry Gregg

Quite frankly, our team members out in the field are already doing some informal co-marketing, regardless of what management says.

Tom Gunderson - Piper Jaffray

What a surprise. And then help me out with manufacturing. You are going to have the, you will have all manufacturing in your facility integrated in Q2. But then you've got a second vendor choice that you can do as volumes ramp up.

Terry Gregg

No, what that means is on the sensor side, we will relocate everything. We've got FDA approval to do all of the sensor manufacturing, both all parts, the transmitter, the sensor and the receiver. Our goal has long been to use the experience of one of our largest vendors in order to do the receiver portion that [do it] electronic equipment. So we are going to outsource that.

Tom Gunderson - Piper Jaffray

Okay. And then last minor question, I suppose for Jess. Cash burn in the quarter was?

 

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