FDA approves two new Abbott over-the-counter continuous glucose monitors [CNBC]
DexCom, Inc. (DXCM)
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Source: CNBC
Both will be available over-the-counter without a prescription. A continuous glucose monitor, or a CGM, is a small sensor that pokes through the skin and tracks a person's glucose levels in real time. It wirelessly transmits this data to a smartphone. CGMs are primarily used by patients with diabetes since the tech can help alert users, their families, and their doctors to emergencies. The market opportunity could be significant for Abbott, whose existing CGMs are already used by around 6 million patients across 60 countries, Abbot said. Around 38.4 million people are living with diabetes in the U.S. alone, Abbott said, and offering a consumer-facing CGM brings the technology to an entirely new population. One of Abbott's new systems, Libre Rio, is for patients with Type 2 diabetes who do not take insulin. Its second system, Lingo, is for consumers trying to improve their health and wellness, according to the company Abbott said Lingo users will wear a biosensor on their upper
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