CGM Devices Gain Steam, Set New Trend In Diabetes Management
Zacks Investment Research | Sep 19, 2019 09:56PM ET
The past few days have been quite exciting for investors keen to tap the burgeoning market of continuous glucose monitoring (CGM). A number of bigwigs are inking separate digital diabetes management pacts, setting an all-new trend of diabetes management device interoperability across all platforms.
The Pacts
Abbott Laboratories (NYSE:ABT) , a Zacks Rank #3 (Hold) stock, has partnered with biopharmaceutical major, Sanofi (NASDAQ:SNY) , per which the companies will integrate glucose sensing and insulin delivery technologies. More specifically, the partnership will combine technologies from Abbott’s FreeStyle Libre mobile app and cloud software, with Sanofi′s future connected insulin pens, apps and cloud software. This will help to further simplify diabetes management.
Meanwhile, Medtronic (NYSE:MDT) inked a deal with Novo Nordisk (CSE:NOVOb), the world’s largest producer of insulin earlier this week. Through this collaboration, this Zacks Rank #2 (Buy) company aims at developing solutions to incorporate insulin dosing data from future Novo Nordisk smart insulin pens into its own CGM device, the Guardian Connect system. This association will streamline the distribution of two of the most vital pieces of information required for diabetes management — glucose measurements and insulin doses.
Rise of a New Trend in CGM?
Going by an article published in Zacks Investment Research
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