Modular Medical, Inc..
MODD.US | Manufacture of medical and dental instruments and supplies
Modular Medical, Inc. is a medical technology company focused on the development and commercialization of innovative technologies for diabetes management. The company is developing a novel insulin pump and associated technologies designed to simplify diabetes care and improve patient outcomes. Their...Show More
Better Health for All
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Modular Medical's entire business is devoted to developing and commercializing the MODD1 insulin pump for diabetes management, which provides exceptional health benefits for patients. The company received FDA clearance for its MODD1 pump on September 4, 2024.
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There is no evidence of the company generating revenue from products with negative health outcomes.
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Modular Medical has invested in innovation, raising $12 million this year and $8.2 million from a public offering, and is conducting studies on GLP-1 delivery using its pump technology.
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The company collaborated with Glooko to integrate technology platforms, enhancing data accessibility for clinicians and patients.
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Modular Medical is a Gold sponsor of the Achieving Diabetes Equity in Practice Today (ADEPT) Conference, which aims to bring together stakeholders focused on achieving health equity in type 1 and type 2 diabetes.
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Fair Money & Economic Opportunity
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Modular Medical, Inc. is a medical technology company focused on developing and commercializing insulin pumps. The company's core business does not involve lending, deposit services, or other financial products. Therefore, all KPIs related to financial services, such as underserved client share in lending, pricing fairness (APRs), exploitative fees, financial inclusion initiatives, data accessibility for financial data, fair lending compliance, wealth-building outcomes, profit reinvestment in community finance, financial literacy initiatives, debt burden ratio, geographic inclusion for banking services, and product simplicity for financial products, are not applicable to its operations.
Fair Pay & Worker Respect
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No evidence available to assess Modular Medical, Inc. on Fair Pay & Worker Respect.
Fair Trade & Ethical Sourcing
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No specific, quantitative data points were found in the provided articles regarding Modular Medical, Inc.'s performance on any of the Fair Trade & Ethical Sourcing KPIs.
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The articles discuss general industry best practices, certification programs, or supply chain risk management frameworks, but do not provide any company-specific evidence for MODD.US.
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Honest & Fair Business
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No evidence available to assess Modular Medical, Inc. on Honest & Fair Business.
Kind to Animals
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Modular Medical, Inc. is listed by crueltyfreeinvesting.org as having 'No Animal Exploitation'.
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This indicates that the company does not engage in activities involving animals, such as animal testing, animal-derived ingredients, or animal agriculture. Therefore, all KPIs related to animal welfare, including cruelty-free certification, alternative testing methods, humane certifications for operations, ethical input substitution, supplier audits for welfare, cage-free sourcing, animal testing policy and volume, innovation investment in animal-free technologies, animal agriculture ethics, animal-free R&D collaboration, and public policy engagement on animal welfare, are not applicable to its business model.
No War, No Weapons
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Modular Medical, Inc. is a pre-revenue medical device company focused on developing and commercializing an insulin pump.
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The provided articles explicitly state that the company's core business is medical devices and contain no information relevant to arms manufacturing, military contracts, or conflict facilitation. There is no evidence of revenue from defense contracts, involvement in dual-use technology, sales to embargoed regimes, or any other activities related to the 'No War, No Weapons' value. The company's operations do not involve any aspects that would require specific policies or disclosures related to military, defense, or conflict-zone engagements, leading to an 'N/A' score for all relevant KPIs.
Planet-Friendly Business
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No specific, concrete data points were found for any of the Planet-Friendly Business KPIs. While some articles mentioned targets or current figures for carbon emissions, renewable energy usage, waste reduction, and water conservation, these were either stated as targets for 2024 or lacked the necessary comparative data (e.g., annual decline for emissions, revenue for water use) to map to the rubric's quantitative thresholds.
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Therefore, all KPIs for this category have been omitted due to insufficient evidence.
Respect for Cultures & Communities
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No specific, concrete data points were found in the provided articles for any of the KPIs related to 'Respect for Cultures & Communities' for Modular Medical, Inc. The articles primarily consist of job postings, general discussions about modular medical clinics, DEI metrics, global medical supply chain ethics, and building an antiracist culture in healthcare, none of which provide company-specific performance data for the defined metrics.
Safe & Smart Tech
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Modular Medical, Inc. is progressing toward CE Mark certification under the EU Medical Device Regulation and has successfully completed a Stage 1 ISO 13485:2016 audit, with a Stage 2 audit planned for early 2026.
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The company's Pivot insulin delivery system is not yet cleared for sale by the U.S. FDA or in any market outside the U.S.
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The company's 10-K filings indicate compliance with SEC regulations and mention FDA regulation sections.
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The company intends to develop a formal incident response plan and implement policies to educate personnel on cybersecurity best practices.
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It also plans to engage third-party service providers for security control evaluations, including penetration testing, and intends to monitor the cybersecurity programs of its service providers.
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The board of directors, through its audit committee, oversees risk identification and mitigation, including cybersecurity risks, and will be apprised of incidents with moderate or higher business impact.
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No specific data on data breaches, cybersecurity investment, privacy certifications, encryption implementation, AI ethics, data use incidents, user data control, authentication security, vulnerability management, bug bounty programs, privacy by design, security testing coverage, data minimization, algorithmic harm remediation, or digital rights advocacy for Modular Medical, Inc. is provided.
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Zero Waste & Sustainable Products
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No evidence available to assess Modular Medical, Inc. on Zero Waste & Sustainable Products.