BUZZ-Tandem Diabetes rises after rival flags strong demand

Reuters05-10

** Shares of Tandem Diabetes Care up 2.81% at $45.29 after rival Insulet Corp raises FY rev growth forecast

** Insulet raises its annual revenue growth forecast, banking on strong sales of its wearable, tubeless insulin pumps

** PODD now sees FY rev growth of 14%-18% vs. 12%-17% growth expected earlier and above analysts' average estimates of 15.62%, according to LSEG data

** Earlier in May TNDM had also raised its FY adj sales forecast to $868 mln from $850 mln

** TNDM up about 52.65% YTD

(Reporting by Vaibhav Sadhamta)

((Vaibhav.Sadhamta@thomsonreuters.com;))

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