Dexcom and Google will push the blood glucose detector to create a band-aid size
With the improvement of people's quality of life, people are paying more and more attention to the detection of blood sugar, and blood glucose detectors have begun to enter the homes of ordinary people. Today's blood glucose testers are available in a variety of ways, and are generally more suitable for parents because of their inconvenience. Have you heard of a blood glucose meter like the size of a band-aid?
Dynamic blood glucose monitoring system manufacturer Dexcom and Google's medical technology division Alaphabet (now Verily) plan to launch the first co-developed product in 2018: the Continuous Blood Glucose Monitoring System (CGM). A priced, disposable, band-aid blood glucose tester will be available in 2020 or 2021.
According to Dexcom, the two companies began working together in August last year, Verily provides expertise, and Dexcom is responsible for legal affairs and business operations.
They jointly screened and developed the next generation of diabetes testing equipment, including the use of the current dynamic blood glucose monitoring system for patients with type 1 diabetes, the use of type 2 diabetes patients with insulin, and the production of blood glucose meters without finger puncture correction. Most dynamic monitors, including Dexcom products, require finger puncture correction. Currently, they have had an in-depth exchange with the FDA on how to achieve these goals.
On February 23, Dexcom manager and CEO Kevin Sayer said in a revenue conference call: "These investments may not bring any return in 2016 or even 2017. But when we launched our first product in 2018, It is bound to usher in profit and sales growth."
He said: "These two products developed together with Verily will be an important milestone. The second generation of products has shown us a beautiful picture: upgrading the current critical dynamic blood glucose monitor to only band-aid size, very cheap, Discarding the patient directly after it is removed is our goal because we know what the patient really needs."
In the fourth quarter of 2015, Dexcom's R&D expenses increased to $29 million, compared to $22 million for the same period in 2014. The increase in R&D expenses is mainly due to the cooperation with Verily. Leerink analyst Danielle Antalffy said that in the long run, entering the category of type 2 diabetes means having the opportunity to share more than $6 billion in the market.
Sayer said the second-generation blood glucose meter will integrate more analysis software to better serve people with diabetes based on a wealth of data, including lifestyle information. When asked how they came up with the idea of ​​entering the type 2 diabetes market, Sayer said: "Our understanding of this market is that if we just want to attract patients through the numbers shown on the detectors, then we are not competitive. We want to actually let patients learn some knowledge from this system and get some interactive suggestions, for example, need to exercise today. Today my blood sugar is smoother than yesterday."
He said: "This is the system interface we are developing, bringing us to this market, which is completely different from the system we have now. The number displayed on the detector screen is not enough, especially for those who use insulin. I hope that patients with severe type 2 diabetes will enjoy the same services as people with type 1 diabetes."
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