As everyone knows CGM is rapidly replacing BGM as the standard for glucose measurement. However, this does not mean that BGM isn’t being used anymore, far from it. JNJ was able to unload their LifeScan unit for a little over $2 billion and while not as profitable as it was once was there is still plenty of money to be made selling test strips. The key is as it always has been, massive scale.
While reimbursement has come down this is still a product that is made for pennies and sold for quarters. While it is true that CGM . . .
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