Abbott ’s continuous glucose monitoring technology will be integrated with Medtronic plc's insulin dosing systems under a partnership announced on 7 August, marking a major strategic shift in Medtronic’s diabetes business.
Medtronic Plugs ‘Biggest Hole’ In Diabetes Platform With Surprise Abbott Deal – Analyst Reactions
Medtronic and Abbott announced partnership to integrate Abbott’s CGM sensor with Medtronic’s insulin pump, which marks a major departure from Medtronic’s former “closed-system” approach. Medtronic also announced FDA clearance of its Simplera CGM, paving the way for its use in smartpens.
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Abbott’s international sales could be a key driver as firm looks to partnerships with insulin pump companies.
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Tempering expectations on the immediate market impact for the upgraded continuous glucose monitor, Dexcom notes insurance coverage and pump integrations will take time to finalize.
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