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Abbott Laboratories CEO Robert Ford took the stage at the HLTH conference in Las Vegas on Tuesday to discuss the company's expansion into a new market: consumer wearables. For instance, Abbott produces a continuous glucose monitor (CGM) called FreeStyle Libre that patients can use to manage their diabetes. Abbott's most recent model, the FreeStyle Libre 3, can measure glucose levels in real time for up to 14 days. FreeStyle Libre alone generated more than $1.3 billion in sales for Abbott during its second quarter, according to the company's earnings report. "We always believed that we could take this platform that we developed for diabetes and expand it beyond diabetes," Ford said.
Persons: Robert B, Ford, Robert Ford, Abbott, Covid, Margaret Kaczor Andrew, William Blair, CNBC's Erin Black, Lingo Organizations: Abbott, Libre, wearables Locations: Vegas, Las Vegas , Nevada, Las Vegas, U.S
Continuous glucose monitors (CGMs) allow diabetics to track their blood sugar 24/7. They're incredibly useful, providing insight on how your blood sugar reacts to insulin, food, exercise and whatever else affects it. Abbott Freestyle Libre 3 sensor CNBC | Andrew EversThe trend arrows tell you if your glucose is steady, rising or falling. Abbott Freestyle Libre 3 size vs Dexcom G6 CNBC | Erin BlackIt was accurate most of the time. Abbott Freestyle Libre 3 Apple iWatch notification CNBC | Erin BlackPrescription required, price varies
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAbbott's Freestyle Libre 3 can discreetly monitor your blood sugar 24/7Abbott Laboratories newest continuous glucose monitor is now available at participating retail pharmacies and through durable medical equipment suppliers. The Freestyle Libre 3 was approved by the FDA in June and is a step up from previous Abbott systems. CNBC's Erin Black, a type 1 diabetic, tested out the Libre 3 for over a month. Here is her review.
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