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Type 1 Diabetes
Some Info On The Freestyle Libre If Anyone Knows
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<blockquote data-quote="Scott-C" data-source="post: 1878664" data-attributes="member: 374531"><p>Google "Abbott Therasense", there's dozens of articles which are quite illuminating on how we got to here with libre.</p><p></p><p>It seems Abbott was involved in the bg meter business but it's products were a bit meh.</p><p></p><p>Meanwhile, an innovative but relatively small company called Therasense was making a few inroads with it's Freestyle range, which used much smaller samples than others, and it was also punting its Freestyle Navigator cgm. But it was small and didn't have the multinational reach which Abbott did.</p><p></p><p>Sooo, Therasense had the better products and Abbott had the clout, so back in 2004, A bought T for a cool $1.2 billion.</p><p></p><p>I don't know where exactly libre fits into that picture, but I suspect that for the big bucks, Abbott not only got the conventional Freestyle meters but also the nascent technology for what was to become libre. </p><p></p><p>Abbott had earlier acquired, in 1996, Medisense, which was doing one of the early cgms. Don't know how much that cost them or the part it played in libre.</p><p></p><p>Here's the RNS for the acquisition, it mentions the Freestyle Navigator cgm</p><p></p><p><a href="https://www.investegate.co.uk/abbott-laboratories/rns/abt-to-acquire-therasense/200401131234301667U/" target="_blank">https://www.investegate.co.uk/abbott-laboratories/rns/abt-to-acquire-therasense/200401131234301667U/</a></p></blockquote><p></p>
[QUOTE="Scott-C, post: 1878664, member: 374531"] Google "Abbott Therasense", there's dozens of articles which are quite illuminating on how we got to here with libre. It seems Abbott was involved in the bg meter business but it's products were a bit meh. Meanwhile, an innovative but relatively small company called Therasense was making a few inroads with it's Freestyle range, which used much smaller samples than others, and it was also punting its Freestyle Navigator cgm. But it was small and didn't have the multinational reach which Abbott did. Sooo, Therasense had the better products and Abbott had the clout, so back in 2004, A bought T for a cool $1.2 billion. I don't know where exactly libre fits into that picture, but I suspect that for the big bucks, Abbott not only got the conventional Freestyle meters but also the nascent technology for what was to become libre. Abbott had earlier acquired, in 1996, Medisense, which was doing one of the early cgms. Don't know how much that cost them or the part it played in libre. Here's the RNS for the acquisition, it mentions the Freestyle Navigator cgm [URL]https://www.investegate.co.uk/abbott-laboratories/rns/abt-to-acquire-therasense/200401131234301667U/[/URL] [/QUOTE]
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Some Info On The Freestyle Libre If Anyone Knows
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