Abbott Launches Lingo CGM: A Game-Changer in Glucose Monitoring
Abbott Unveils Lingo: Affordable Continuous Glucose Monitoring System Now Available OTC in the U.S.
(Multibagger) - Abbott Laboratories (NYSE: ABT) has just revolutionized the health tech market with the U.S. launch of its over-the-counter continuous glucose monitoring (CGM) system, Lingo. This launch comes amid growing competition, with rival Dexcom (NASDAQ: DXCM) having recently introduced its own OTC CGM system, Stelo.
Pricing Details and Options
Lingo offers flexible payment plans catering to a wide range of consumers aged 18 and older who are not on insulin. The pricing options are as follows:
- $49 for a two-week supply
- $89 for a four-week supply
- $249 for a 12-week supply
In comparison, Dexcom's Stelo system also offers a competitive price point, with a four-week subscription available for $89 and up to $99.
Features and Benefits
Lingo's standout features include real-time glucose tracking and personalized insights, aimed at enhancing overall well-being. The system's user-friendly design ensures that consumers can easily monitor their glucose levels and make informed decisions about their health.
Regulatory Approval and Availability
Abbott received FDA clearance for Lingo in June, following its successful launch in Britain earlier this year. The system is priced at £120-£150 ($152-$190) per month in the UK.
Simple Breakdown
What is Lingo?
Lingo is Abbott’s continuous glucose monitoring (CGM) system that tracks blood sugar levels in real-time.Who can use it?
Adults aged 18 and older who are not on insulin.How much does it cost?
- $49 for two weeks
- $89 for four weeks
- $249 for 12 weeks
Why should you care?
Monitoring your glucose levels can help you manage your health better, potentially improving your overall well-being. With real-time tracking and personalized insights, Lingo empowers you to make informed decisions about your diet and lifestyle.How does it compare to competitors?
Dexcom’s Stelo is similarly priced but offers different subscription plans. Both products aim to provide accessible and affordable health monitoring solutions.Conclusion
Abbott's Lingo is a significant advancement in the healthcare market, offering an accessible and cost-effective solution for glucose monitoring. Whether you’re looking to manage your health proactively or seeking a more convenient way to track your glucose levels, Lingo presents a compelling option. Stay informed and take charge of your well-being with this cutting-edge technology.
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By breaking down the details and emphasizing the benefits, even those unfamiliar with CGM systems can understand the impact Abbott's Lingo could have on their lives and finances.