Modular Medical shares surge 24.23% intraday after announcing 29% workforce reduction and focusing on affordable insulin patch pump development.
ByAinvest
Tuesday, Mar 31, 2026 10:24 am ET1min read
MODD--
Modular Medical surged 24.23% intraday, driven by an announcement on March 12 of a 29% workforce reduction (20 employees), expected to cut annual operating expenses by approximately $3.4 million. The company focuses on developing user-friendly, affordable insulin patch pumps to simplify diabetes insulin therapy.
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