Abbott is working to bring a new glucose-tracking wearable called Lingo to U.S. consumers next year
Abbott Laboratories is hoping to broaden its reach by appealing to healthy consumers with its new wearable device called Lingo.
The health-care company offers a range of products, but derives the bulk of its revenue from medical devices and diagnostic tools. Its 15-minute$263 million in Covid test sales, which is a notable decrease from the $2.3 billion it reported during the same period last year. Margaret Kaczor Andrew, a partner and research analyst at William Blair, told CNBC's Erin Black in May that Abbott has aroundof the global CGM market. FreeStyle Libre alone generated more than $1.3 billion in sales for Abbott during its second quarter, according to the company'sBut although the device is meant for patients with diabetes, it has also attracted a surprising new demographic.
But for a company that's spent the last 135 years working closely with doctors, researchers and other health-care experts, simple messaging can be a challenge. He said the experience forced him to learn to communicate with consumers better, which has helped inform his approach at Abbott going forward.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Abbott sets agenda for Special Session - School Choice tops the listGovernor Abbott has called a third special session of the Texas Legislature to focus on school choice, though there are some border issues on the agenda as well,
Read more »
Abbott Elementary Season 3: Release Date, Cast, DetailsSchool is almost back in session!
Read more »
Will raises for Texas teachers be considered during Governor Abbott’s special session?Texas lawmakers start their latest special session on Monday, but its agenda doesn’t include pay raises for Teachers and other school employees.
Read more »
Gov. Abbott spends $4M to secure Jewish schools, synagogues, blocks purchase of Gaza goodsTexas Gov. Greg Abbott (R) took two actions Monday related to the ongoing Israel-Hamas War, including allocating funding for enhanced security and blocking the…
Read more »
Gov. Abbott vows unwavering support for Israel, orders flags flown at half-staffGov. Greg Abbott on Monday strongly condemned this weekend’s acts of war against Israel and innocent civilians by the terrorist group Hamas and vowed comprehensive public safety measures for Israeli and Jewish locations across Texas.
Read more »