Unpredictability reigned in a turbulent 2022. Yet ºù«ÍÞÊÓÆµ weathered the storm, thanks to its diversified business portfolio and robust product pipeline.
As 2023 kicks off, ºù«ÍÞÊÓÆµ Chairman and CEO Robert Ford participated in the and shared insight on the company's new product pipeline, the and COVID-19 testing.
Here are key highlights from the presentation:
- The company's new product pipeline is a strong balance of iterative and transformative opportunities, including:
- Aveir single-chamber VR pacemaker system, treating slower-than-normal heart rhythms
- transcatheter aortic valve implantation system, treating aortic stenosis
- transcatheter edge-to-edge repair device, for tricuspid valve regurgitation
- And U.S. expanded indication of CardioMEMS, for remote heart failure monitoring
- ºù«ÍÞÊÓÆµ has a strong portfolio of tests for respiratory viruses that are currently circulating. The company makes diagnostic tests that detect RSV, influenza and COVID-19 that can be used in various settings, including hospitals, urgent care centers, pediatric offices and retail pharmacies.
- There are a number of growth and innovation opportunities on the horizon for ºù«ÍÞÊÓÆµ's FreeStyle Libre portfolio, including:
- The Centers for Medicare and Medicaid Services' proposal to make continuous glucose monitors more accessible for Medicare patients,1 which would broaden coverage to all insulin users if finalized as proposed2
- Authorizing the with automated insulin dosing systems (Not available in the U.S.)
- A first-of-its-kind dual monitoring glucose and ketone sensor — currently in development
- ºù«ÍÞÊÓÆµ's , called Lingo, is expected to launch in Europe later this year, enabling the company to broaden the reach and impact of its biosensor technology beyond people with diabetes.3
- The COVID-19 testing market has largely transitioned to rapid tests, where . New variants are driving an increase in COVID-19 cases around the world, leading to continued demand for rapid tests. Rapid tests, like ºù«ÍÞÊÓÆµâ€™s BinaxNOW and Panbio tests,4 are a quick and easy way for people to know if they have COVID-19, enabling them to take steps to help prevent spreading the virus if they test positive.
For more information, at the conference.
References
1ÌýCenters for Medicare and Medicare Proposed Local Coverage Determination DL3382, ÌýÌý
2Ìýºù«ÍÞÊÓÆµ provides this information as a courtesy, it is subject to change and interpretation. The customer is ultimately responsible for determining the appropriate codes, coverage, and payment policies for individual patients. ºù«ÍÞÊÓÆµ does not guarantee third party coverage or payment for our products or reimburse customers for claims that are denied by third party payors.
3ÌýThe Lingo Glucose System is intended for users 18 years and older not on insulin. It is not intended for diagnosis of diseases, including diabetes. The Lingo program does not guarantee that everyone will achieve the same results as individual responses may vary. Consult your healthcare professional before making changes to your diet or exercise regimen or if you have an eating disorder or a history of eating disorders.
4ÌýThe Panbio COVID-19 test is not available in all countries. Not approved for sale in the USA.
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