On November 22, 2024, the Company’s Board of Directors approved a plan to discontinue internal and external investment in the research and development of the Company's patch pump program. As a result, the Company incurred organizational restructuring plan (the "Patch Pump Restructuring Plan") costs of $27.4 million during the three months ended December 31, 2024. The actions under the Patch Pump Restructuring Plan were substantially complete as of September 30, 2025.

During the second quarter of fiscal year 2025, the Company initiated a restructuring plan (the "2025 Restructuring Plan") to streamline the organization and optimize resources. The actions under the 2025 Restructuring Plan were substantially complete as of September 30, 2025.

There were no charges incurred related to the restructuring programs for the three month period ended December 31, 2025.

The following table summarizes the charges related to the restructuring programs by type of cost for the three month period ended December 31, 2024:



	Employee Termination		Non-Employee Related		Total
Cost of products sold	$	0.2	$	6.1	$	6.3
Selling and administrative expense	0.3		—		0.3
Research and development expense	2.2		4.3		6.5
Other operating (income) expense, net	8.9		5.4		14.3
	$	11.6	$	15.8	$	27.4

Employee termination costs are associated with actual headcount reductions, including involuntary headcount reductions which were probable and could be reasonably estimated.

Non-employee related costs are associated with termination of contracts and long-lived asset impairments are discussed further in Note 16.

The restructuring reserve balances as of December 31, 2025 and September 30, 2025 were not material to the Company’s Condensed Consolidated Financial Statements.