Medtronic Collaborates With Novo Nordisk For Diabetes Care
Zacks Investment Research | Sep 16, 2019 09:52PM ET
Medtronic plc (NYSE:MDT) recently partnered with global healthcare company Novo Nordisk (CSE:NOVOb) A/S in the growing diabetes management space. Through this collaboration, the company aims at developing solutions to incorporate insulin dosing data from future Novo Nordisk smart insulin pens into its own Continuous Glucose Monitoring (CGM) devices like the Guardian Connect system.
More About the Collaboration
This deal with Novo Nordisk, the world’s largest producer of insulin, will help in streamlining the distribution of two of the most vital pieces of information required for diabetes management — glucose measurements and insulin dosed.
By combining glucose monitoring and insulin dosing data, diabetes patients as well as their healthcare professionals and caregivers will be able to automatically keep a tab on these two crucial items in a single place, thereby easing the process of diabetes management. This new technology can offer productive insights, thereby ensuring that patients and doctors make more informed decisions on how to manage glucose levels and elevate Time in Range.
In 2020, Novo Nordisk is set to launch durable smart insulin pens, NovoPen 6 and NovoPen Echo Plus, as well as its disposable pre-filled injection solution. The Guardian Connect system will be updated as well to incorporate data from these Novo Nordisk smart pens.
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