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Abbott Forms Global Partnership with Medtronic to Connect FreeStyle Libre CGM Sensor with Insulin Delivery Systems

Dec 27, 2024•over 1 year ago

Contract Type

partnership

Abbott ParkHealth Care

Description

Abbott has formed a unique global partnership with Medtronic to connect its FreeStyle Libre continuous glucose monitoring (CGM) sensor with Medtronic’s automated insulin delivery systems. This partnership supports Abbott's growing Biosimilars business and contributes to the diversification of its business portfolio.

Company Information

Company

Abbott

Location

Abbott Park, Illinois, United States

About

Abbott is a global healthcare leader that helps people live more fully at all stages of life. Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines. Our 115,000 colleagues serve people in more than 160 countries. Connect with us at www.abbott.com, on LinkedIn at www.linkedin.com/company/abbott-/, on Facebook at www.facebook.com/Abbott and on Twitter @AbbottNews.

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Strategic partnership established

Partnership agreements typically involve technology integration and joint go-to-market strategies

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Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months